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MGP Ingredients, Inc. (MGPI)
After hours:
Chart Events
Performance Outlook
| Previous Close | 77.74 |
| Open | 77.03 |
| Bid | 77.54 x 200 |
| Ask | 77.79 x 100 |
| Day's Range | 76.72 - 78.00 |
| 52 Week Range | 75.78 - 124.96 |
| Volume | |
| Avg. Volume | 220,730 |
| Market Cap | 1.708B |
| Beta (5Y Monthly) | 0.74 |
| PE Ratio (TTM) | 16.17 |
| EPS (TTM) | 4.80 |
| Earnings Date | May 02, 2024 - May 06, 2024 |
| Forward Dividend & Yield | 0.48 (0.62%) |
| Ex-Dividend Date | Mar 14, 2024 |
| 1y Target Est | 114.86 |
Fair Value
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Related Research
- MGP Ingredients, Inc.MGPI: Lowering target price to $86.00MGP INGREDIENTS INC has an Investment Rating of HOLD; a target price of $86.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.RatingFair ValueEconomic Moat5 days agoArgus Research
Simply Wall St.MGP Ingredients (NASDAQ:MGPI) shareholders YoY returns are lagging the company's 8.3% three-year earnings growth
It hasn't been the best quarter for MGP Ingredients, Inc. ( NASDAQ:MGPI ) shareholders, since the share price has...
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StockStoryUnpacking Q4 Earnings: MGP Ingredients (NASDAQ:MGPI) In The Context Of Other Beverages and Alcohol Stocks
Earnings results often give us a good indication of what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at MGP Ingredients (NASDAQ:MGPI) and its peers.
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GlobeNewswireMGP Ingredients Announces $100 Million Share Repurchase Program
ATCHISON, Kan., Feb. 29, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its board of directors has approved the repurchase of up to $100.0 million of the Company’s outstanding shares of common stock. “Following another record year and strong results from each of our three business segments in 2023, we are well positioned to implement this additional pillar of shareholder
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Analyst Price Targets (7)
Upgrades & Downgrades
| Reiterates | Wedbush: Outperform to Outperform | 4/10/2024 | |
| Reiterates | Wedbush: Outperform to Outperform | 3/22/2024 | |
| Reiterates | Wedbush: Outperform to Outperform | 2/15/2024 | |
| Reiterates | Truist Securities: Buy to Buy | 9/6/2023 | |
| Maintains | Truist Securities: Buy to Buy | 8/7/2023 | |
| Reiterates | Truist Securities: Buy to Buy | 7/14/2023 |
Company Profile
100 Commercial Street
PO Box 130
Atchison, KS 66002
United States
913 367 1480
https://www.mgpingredients.com
Sector(s): Consumer Defensive
Industry: Beverages - Wineries & Distilleries
Full Time Employees: 705
MGP Ingredients, Inc., together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions. The Distillery Solutions segment provides food grade alcohol for beverage applications that include bourbon, rye, whiskeys, as well as grain neutral spirits, include vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in food products, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also offers distillery co-products, such as dried distillers' grain, fuel-grade alcohol for blending with gasoline, and corn oil; and provides warehouse services, including barrel put away, barrel storage, and barrel retrieval services, as well as blending services. The Branded Spirits segment provides premium plus, ultra-premium, super premium, premium, mid, and value branded distilled spirits, as well as private label products. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch series, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. It sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries. The company was founded in 1941 and is based in Atchison, Kansas.
