Roth Mkm Cuts MGP Ingredients (NASDAQ:MGPI) Price Target to $32.00

MGP Ingredients (NASDAQ:MGPI) had its price target lowered by Roth Mkm from $41.00 to $32.00 in a research note released on Thursday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MGP Ingredients in a report on Thursday, January 22nd. Zacks Research downgraded MGP Ingredients from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Wall Street Zen lowered MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Benchmark initiated coverage on MGP Ingredients in a research note on Thursday, January 22nd. They set a “buy” rating and a $35.00 price target on the stock. Finally, TD Cowen cut their price objective on MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, MGP Ingredients currently has an average rating of “Hold” and a consensus target price of $30.00.

MGP Ingredients Price Performance

Shares of NASDAQ MGPI opened at $19.00 on Thursday. MGP Ingredients has a fifty-two week low of $18.48 and a fifty-two week high of $35.49. The company has a market cap of $405.84 million, a PE ratio of -3.82 and a beta of 0.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 2.61. The business has a 50-day simple moving average of $24.65 and a two-hundred day simple moving average of $25.35.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.49 by $0.14. The firm had revenue of $138.32 million during the quarter, compared to analyst estimates of $132.84 million. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. MGP Ingredients’s revenue was down 23.5% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts expect that MGP Ingredients will post 5.56 EPS for the current fiscal year.

MGP Ingredients Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. MGP Ingredients’s dividend payout ratio is presently -9.64%.

Insiders Place Their Bets

In other news, Director Karen Seaberg sold 81,616 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $25.84, for a total value of $2,108,957.44. Following the sale, the director owned 35,285 shares in the company, valued at $911,764.40. This represents a 69.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 304,535 shares of company stock worth $7,509,168. 34.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. boosted its position in MGP Ingredients by 183.3% in the 2nd quarter. Federated Hermes Inc. now owns 743,214 shares of the company’s stock worth $22,274,000 after purchasing an additional 480,885 shares in the last quarter. Tieton Capital Management LLC acquired a new position in shares of MGP Ingredients in the 4th quarter valued at $5,998,000. Dana Investment Advisors Inc. purchased a new stake in MGP Ingredients during the fourth quarter worth $5,348,000. Clark Capital Management Group Inc. acquired a new stake in MGP Ingredients during the fourth quarter valued at $4,896,000. Finally, Assenagon Asset Management S.A. purchased a new position in MGP Ingredients in the third quarter valued at $4,702,000. 77.11% of the stock is owned by institutional investors and hedge funds.

About MGP Ingredients

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.