MGP Ingredients, Inc. (NASDAQ:MGPI – Get Free Report) insider Leslie Lux sold 27,731 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $14.40, for a total value of $399,326.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MGP Ingredients Price Performance
MGPI stock opened at $14.13 on Friday. The company has a current ratio of 6.99, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $302.52 million, a P/E ratio of -1.25 and a beta of 0.45. The business has a 50 day simple moving average of $17.07 and a 200-day simple moving average of $17.68. MGP Ingredients, Inc. has a twelve month low of $14.02 and a twelve month high of $27.94.
MGP Ingredients (NASDAQ:MGPI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.23. The business had revenue of $124.36 million for the quarter, compared to analysts’ expectations of $125.16 million. MGP Ingredients had a negative net margin of 48.08% and a positive return on equity of 7.41%. The company’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts anticipate that MGP Ingredients, Inc. will post 1.65 EPS for the current year.
MGP Ingredients Announces Dividend
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on MGP Ingredients from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. TD Cowen upped their price objective on MGP Ingredients from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MGP Ingredients in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.25.
Check Out Our Latest Analysis on MGP Ingredients
Hedge Funds Weigh In On MGP Ingredients
A number of large investors have recently bought and sold shares of MGPI. Legal & General Group Plc purchased a new stake in shares of MGP Ingredients in the second quarter valued at about $28,000. Global Retirement Partners LLC acquired a new position in shares of MGP Ingredients during the second quarter worth about $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of MGP Ingredients during the second quarter worth about $111,000. Palouse Capital Management Inc. raised its holdings in MGP Ingredients by 187.2% during the second quarter. Palouse Capital Management Inc. now owns 8,805 shares of the company’s stock worth $154,000 after purchasing an additional 5,739 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in MGP Ingredients during the fourth quarter worth about $281,000. Hedge funds and other institutional investors own 77.11% of the company’s stock.
About MGP Ingredients
MGP Ingredients, Inc is a food, beverage and spirits company headquartered in Atchison, Kansas. Founded in 1941 as Midwest Grain Products, the company has developed from a grain-processing and distilling business into a diversified producer of specialty ingredients, distilled spirits and branded alcoholic beverages.
MGP’s Ingredient Solutions segment produces specialty wheat proteins and starches used in food applications, including meat alternatives, baked goods, snacks and other processed foods.
Featured Articles
- Five stocks we like better than MGP Ingredients
- J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- 2 Stocks Breaking Out Post-FOMC With One Thing in Common
- Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
- These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons
Receive News & Ratings for MGP Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGP Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.
