MGP Ingredients (MGPI) to Release Quarterly Earnings on Thursday

MGP Ingredients (NASDAQ:MGPI) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.40 per share and revenue of $119.14 million for the quarter.

MGP Ingredients Stock Down 0.8 %

MGPI opened at $28.40 on Thursday. The company has a current ratio of 6.46, a quick ratio of 1.94 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $30.13 and its 200 day simple moving average is $40.83. MGP Ingredients has a 1-year low of $25.12 and a 1-year high of $92.52. The stock has a market cap of $604.07 million, a PE ratio of 5.90 and a beta of 0.61.

MGP Ingredients Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Friday, March 14th. MGP Ingredients’s dividend payout ratio is presently 31.79%.

Insider Buying and Selling at MGP Ingredients

In related news, Director Karen Seaberg sold 28,304 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $30.82, for a total value of $872,329.28. Following the transaction, the director now owns 283,569 shares in the company, valued at approximately $8,739,596.58. This trade represents a 9.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 36.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MGPI shares. Wells Fargo & Company lowered their price target on shares of MGP Ingredients from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. StockNews.com downgraded MGP Ingredients from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Finally, Lake Street Capital raised MGP Ingredients from a “hold” rating to a “buy” rating and dropped their target price for the stock from $55.00 to $45.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.00.

About MGP Ingredients

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.