MGP Ingredients (NASDAQ:MGPI) Price Target Cut to $18.00 by Analysts at TD Cowen

Posted by Francis Steltz on Jun 26th, 2026

MGP Ingredients (NASDAQ:MGPI – Get Free Report) had its price target cut by investment analysts at TD Cowen from $20.00 to $18.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 8.93% from the company’s current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company cut their price objective on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Zacks Research upgraded MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Roth Mkm reduced their price target on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings lowered shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, MGP Ingredients currently has an average rating of “Hold” and an average price target of $27.25.

Check Out Our Latest Stock Report on MGPI

MGP Ingredients Stock Up 1.1%

Shares of MGPI traded up $0.17 during trading hours on Friday, hitting $16.52. The company had a trading volume of 50,480 shares, compared to its average volume of 250,418. The stock has a market capitalization of $353.16 million, a price-to-earnings ratio of -1.48 and a beta of 0.46. The firm has a fifty day moving average price of $18.05 and a 200-day moving average price of $20.94. MGP Ingredients has a 52-week low of $15.72 and a 52-week high of $33.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 2.74.

MGP Ingredients (NASDAQ:MGPI – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The business had revenue of $106.43 million during the quarter, compared to analyst estimates of $105.32 million. During the same quarter last year, the company earned $0.36 EPS. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts forecast that MGP Ingredients will post 1.6 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $17.82, for a total transaction of $534,600.00. Following the completion of the sale, the insider directly owned 500,958 shares of the company’s stock, valued at approximately $8,927,071.56. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 31.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MGPI. Royal Bank of Canada lifted its holdings in shares of MGP Ingredients by 78.1% in the 1st quarter. Royal Bank of Canada now owns 90,139 shares of the company’s stock worth $1,657,000 after purchasing an additional 39,524 shares during the last quarter. Quantinno Capital Management LP raised its stake in MGP Ingredients by 9.6% during the 1st quarter. Quantinno Capital Management LP now owns 25,340 shares of the company’s stock valued at $466,000 after acquiring an additional 2,215 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of MGP Ingredients by 73.8% in the first quarter. Renaissance Technologies LLC now owns 35,986 shares of the company’s stock worth $662,000 after purchasing an additional 15,286 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of MGP Ingredients during the first quarter valued at about $2,725,000. Finally, Dimensional Fund Advisors LP increased its stake in MGP Ingredients by 11.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 760,128 shares of the company’s stock valued at $13,979,000 after buying an additional 78,849 shares during the period. 77.11% of the stock is currently owned by institutional investors.

About MGP Ingredients

(Get Free Report)

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.