Roth Capital Forecasts Lower Earnings for MGP Ingredients

MGP Ingredients, Inc. (NASDAQ:MGPI) – Roth Capital decreased their Q4 2024 earnings per share (EPS) estimates for MGP Ingredients in a report released on Friday, November 1st. Roth Capital analyst S. Mcgowan now forecasts that the company will earn $1.48 per share for the quarter, down from their previous forecast of $1.54. The consensus estimate for MGP Ingredients’ current full-year earnings is $5.58 per share. Roth Capital also issued estimates for MGP Ingredients’ Q4 2025 earnings at $1.33 EPS and Q3 2026 earnings at $1.33 EPS.

A number of other equities analysts also recently weighed in on the company. StockNews.com upgraded MGP Ingredients from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial reduced their price objective on shares of MGP Ingredients from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Loop Capital set a $75.00 price objective on MGP Ingredients in a report on Friday, October 18th. Roth Mkm lowered their target price on MGP Ingredients from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday. Finally, Lake Street Capital lowered MGP Ingredients from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $75.00 in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

MGP Ingredients Trading Up 1.0 %

Shares of MGPI opened at $46.95 on Monday. MGP Ingredients has a 1-year low of $45.44 and a 1-year high of $102.42. The business’s 50-day moving average price is $76.84 and its 200 day moving average price is $78.18. 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 has a market capitalization of $1.03 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.74 and a beta of 0.66.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.02. The company had revenue of $161.50 million during the quarter, compared to analysts’ expectations of $161.55 million. MGP Ingredients had a net margin of 14.44% and a return on equity of 14.39%. During the same period in the previous year, the company earned $1.34 EPS. The business’s quarterly revenue was down 23.7% compared to the same quarter last year.

MGP Ingredients Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.02%. MGP Ingredients’s dividend payout ratio is 9.98%.

Insider Activity at MGP Ingredients

In other MGP Ingredients news, Director Karen Seaberg sold 1,109 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $90.14, for a total transaction of $99,965.26. Following the sale, the director now directly owns 134,969 shares of the company’s stock, valued at $12,166,105.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 36.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MGPI. CWM LLC boosted its holdings in MGP Ingredients by 477.9% during the 2nd quarter. CWM LLC now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 325 shares during the period. LRI Investments LLC bought a new stake in MGP Ingredients during the 1st quarter valued at about $43,000. Innealta Capital LLC purchased a new stake in MGP Ingredients in the second quarter worth approximately $42,000. Farther Finance Advisors LLC grew its position in MGP Ingredients by 45.3% during the third quarter. Farther Finance Advisors LLC now owns 597 shares of the company’s stock valued at $50,000 after buying an additional 186 shares during the period. Finally, Covestor Ltd lifted its position in shares of MGP Ingredients by 23.3% during the 1st quarter. Covestor Ltd now owns 795 shares of the company’s stock valued at $68,000 after buying an additional 150 shares in the last quarter. 77.11% of the stock is owned by institutional investors.

MGP Ingredients Company Profile

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.