MGP Ingredients (NASDAQ:MGPI) Updates FY 2026 Earnings Guidance

Posted by Brenda Bartman on Jul 29th, 2026

MGP Ingredients (NASDAQ:MGPI – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.500-1.800 for the period, compared to the consensus EPS estimate of 1.620. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $486.0 million.

MGP Ingredients Stock Performance

Shares of MGP Ingredients stock traded up $1.53 during midday trading on Wednesday, hitting $20.25. The company had a trading volume of 86,546 shares, compared to its average volume of 244,555. The stock has a market cap of $432.64 million, a PE ratio of -1.82 and a beta of 0.46. MGP Ingredients has a 1-year low of $15.72 and a 1-year high of $31.75. The business’s 50 day simple moving average is $17.15 and its two-hundred day simple moving average is $19.76. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 0.56.

MGP Ingredients (NASDAQ:MGPI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.23. The business had revenue of $124.36 million for the quarter, compared to analyst estimates of $125.16 million. MGP Ingredients had a negative net margin of 45.70% and a positive return on equity of 7.48%. The firm’s revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts predict that MGP Ingredients will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MGPI shares. Wells Fargo & Company lowered their price target on MGP Ingredients from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Zacks Research upgraded shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. TD Cowen cut their price target on shares of MGP Ingredients from $20.00 to $18.00 and set a “hold” rating for the company in a report on Friday, June 26th. Finally, Weiss Ratings cut shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.50.

View Our Latest Report on MGP Ingredients

Insiders Place Their Bets

In related news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 31.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its stake in shares of MGP Ingredients by 45.7% during the 4th quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock worth $34,939,000 after purchasing an additional 450,713 shares during the last quarter. Vanguard Group Inc. increased its position in MGP Ingredients by 8.9% during the third quarter. Vanguard Group Inc. now owns 1,222,672 shares of the company’s stock worth $29,576,000 after buying an additional 99,995 shares during the last quarter. Ameriprise Financial Inc. increased its position in MGP Ingredients by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 400,896 shares of the company’s stock worth $12,015,000 after buying an additional 46,978 shares during the last quarter. Millennium Management LLC raised its stake in MGP Ingredients by 116.6% in the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock valued at $10,571,000 after buying an additional 193,660 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of MGP Ingredients by 29.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 359,561 shares of the company’s stock valued at $8,737,000 after buying an additional 80,808 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.

MGP Ingredients Company Profile

(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.

Earnings History and Estimates for MGP Ingredients (NASDAQ:MGPI)

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