Roth Capital Predicts Weaker Earnings for MGP Ingredients

MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) - Research analysts at Roth Capital lowered their Q1 2025 earnings estimates for MGP Ingredients in a report released on Thursday, February 27th. Roth Capital analyst S. Mcgowan now anticipates that the company will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.50. The consensus estimate for MGP Ingredients' current full-year earnings is $5.56 per share. Roth Capital also issued estimates for MGP Ingredients' Q3 2025 earnings at $0.67 EPS, Q2 2026 earnings at $1.02 EPS, Q3 2026 earnings at $0.96 EPS and Q4 2026 earnings at $1.21 EPS.

Other research analysts have also recently issued reports about the stock. Lake Street Capital raised shares of MGP Ingredients from a "hold" rating to a "buy" rating and decreased their target price for the stock from $55.00 to $45.00 in a report on Thursday, February 27th. Wells Fargo & Company reduced their price objective on MGP Ingredients from $58.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. StockNews.com downgraded shares of MGP Ingredients from a "hold" rating to a "sell" rating in a report on Friday. Roth Mkm decreased their price objective on shares of MGP Ingredients from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Finally, TD Cowen cut shares of MGP Ingredients from a "buy" rating to a "hold" rating and dropped their target price for the stock from $66.00 to $50.00 in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Remove Ads

MGP Ingredients Stock Down 0.3 %

Shares of NASDAQ MGPI traded down $0.10 during trading on Friday, reaching $32.37. The company had a trading volume of 456,382 shares, compared to its average volume of 413,349. MGP Ingredients has a 12-month low of $31.31 and a 12-month high of $92.52. The company has a quick ratio of 1.94, a current ratio of 6.46 and a debt-to-equity ratio of 0.31. The business's 50-day moving average is $35.38 and its 200 day moving average is $55.32. The stock has a market cap of $688.51 million, a PE ratio of 6.73 and a beta of 0.57.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MGPI. Wasatch Advisors LP purchased a new stake in shares of MGP Ingredients in the fourth quarter valued at approximately $28,388,000. Raymond James Financial Inc. purchased a new stake in shares of MGP Ingredients in the 4th quarter worth $13,125,000. Voloridge Investment Management LLC bought a new position in shares of MGP Ingredients during the 4th quarter worth $12,932,000. Massachusetts Financial Services Co. MA grew its position in shares of MGP Ingredients by 67.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 495,622 shares of the company's stock worth $41,261,000 after buying an additional 199,550 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of MGP Ingredients during the fourth quarter valued at $7,164,000. 77.11% of the stock is currently owned by institutional investors.

MGP Ingredients Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, March 14th. MGP Ingredients's payout ratio is currently 31.79%.

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.