Q4 EPS Estimates for MGP Ingredients Lowered by Roth Capital

MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) - Research analysts at Roth Capital reduced their Q4 2024 earnings per share (EPS) estimates for shares of MGP Ingredients in a report released on Friday, November 1st. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings per share of $1.48 for the quarter, down from their prior estimate 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 analysts have also recently weighed in on the company. Lake Street Capital cut MGP Ingredients from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $135.00 to $75.00 in a research report on Friday, October 18th. Loop Capital set a $75.00 price target on MGP Ingredients in a report on Friday, October 18th. StockNews.com upgraded shares of MGP Ingredients from a "sell" rating to a "hold" rating in a report on Friday. Roth Mkm lowered their target price on shares of MGP Ingredients from $69.00 to $65.00 and set a "buy" rating for the company in a research note on Monday. Finally, Truist Financial dropped their target price on shares of MGP Ingredients from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $82.00.

MGP Ingredients Stock Up 2.1 %

MGPI traded up $0.95 during trading on Monday, hitting $46.47. The stock had a trading volume of 912,040 shares, compared to its average volume of 235,348. The stock has a 50 day simple moving average of $77.75 and a two-hundred day simple moving average of $78.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.22 and a current ratio of 6.46. MGP Ingredients has a twelve month low of $45.48 and a twelve month high of $102.42. The company has a market capitalization of $1.02 billion, a PE ratio of 9.65, a PEG ratio of 0.78 and a beta of 0.66.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.02. The business had revenue of $161.50 million during the quarter, compared to the consensus estimate of $161.55 million. MGP Ingredients had a net margin of 14.44% and a return on equity of 14.39%. The firm's revenue was down 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share.

MGP Ingredients Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. MGP Ingredients's dividend payout ratio is currently 9.98%.

Insider Buying and Selling

In related news, Director Karen Seaberg sold 12,092 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $90.65, for a total transaction of $1,096,139.80. Following the completion of the transaction, the director now owns 54,542 shares of the company's stock, valued at $4,944,232.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 36.20% of the stock is owned by corporate insiders.

Institutional Trading of MGP Ingredients

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc purchased a new stake in MGP Ingredients during the third quarter worth $304,000. Assetmark Inc. raised its position in shares of MGP Ingredients by 6.5% in the third quarter. Assetmark Inc. now owns 11,383 shares of the company's stock worth $948,000 after acquiring an additional 699 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of MGP Ingredients by 45.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 597 shares of the company's stock worth $50,000 after acquiring an additional 186 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of MGP Ingredients during the 3rd quarter valued at about $6,545,000. Finally, Congress Asset Management Co. grew its position in shares of MGP Ingredients by 18.6% during the 3rd quarter. Congress Asset Management Co. now owns 490,546 shares of the company's stock valued at $40,838,000 after acquiring an additional 76,835 shares during the period. 77.11% of the stock is owned by institutional investors and hedge funds.

About MGP Ingredients

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.