Brokers Issue Forecasts for MGP Ingredients, Inc.’s Q1 2025 Earnings (NASDAQ:MGPI)

MGP Ingredients, Inc. (NASDAQ:MGPI) – Research analysts at Roth Capital cut their Q1 2025 earnings per share estimates for MGP Ingredients in a research report issued to clients and investors on Wednesday, July 24th. Roth Capital analyst S. Mcgowan now expects that the company will earn $1.36 per share for the quarter, down from their prior forecast of $1.37. The consensus estimate for MGP Ingredients’ current full-year earnings is $6.19 per share. Roth Capital also issued estimates for MGP Ingredients’ FY2025 earnings at $6.83 EPS.

Several other research firms have also commented on MGPI. Roth Mkm reiterated a “buy” rating and issued a $92.00 price objective on shares of MGP Ingredients in a research note on Thursday. StockNews.com lowered MGP Ingredients from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of MGP Ingredients in a report on Monday, April 29th.

MGP Ingredients Stock Performance

Shares of MGPI stock opened at $80.99 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.32 and a quick ratio of 1.97. The firm has a 50-day moving average of $75.39 and a 200-day moving average of $81.11. MGP Ingredients has a one year low of $68.86 and a one year high of $124.96. The company has a market cap of $1.78 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.17 and a beta of 0.59.

MGP Ingredients (NASDAQ:MGPI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. The firm had revenue of $170.56 million during the quarter, compared to analysts’ expectations of $170.31 million. MGP Ingredients had a net margin of 11.91% and a return on equity of 14.78%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MGPI. CWM LLC boosted its holdings in shares of MGP Ingredients by 477.9% in the second quarter. CWM LLC now owns 393 shares of the company’s stock worth $29,000 after acquiring an additional 325 shares during the period. Global Retirement Partners LLC boosted its stake in MGP Ingredients by 464.8% in the 4th quarter. Global Retirement Partners LLC now owns 401 shares of the company’s stock worth $37,000 after purchasing an additional 330 shares during the period. LRI Investments LLC purchased a new position in MGP Ingredients during the 1st quarter valued at about $43,000. Covestor Ltd increased its position in shares of MGP Ingredients by 23.3% during the first quarter. Covestor Ltd now owns 795 shares of the company’s stock valued at $68,000 after buying an additional 150 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of MGP Ingredients in the fourth quarter worth about $72,000. 77.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MGP Ingredients

In related news, Director Donn S. Lux sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $82.50, for a total value of $1,815,000.00. Following the transaction, the director now owns 2,673,264 shares in the company, valued at $220,544,280. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Donn S. Lux sold 22,000 shares of MGP Ingredients stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $82.50, for a total value of $1,815,000.00. Following the completion of the sale, the director now owns 2,673,264 shares of the company’s stock, valued at approximately $220,544,280. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donn S. Lux sold 10,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $83.00, for a total transaction of $830,000.00. Following the sale, the director now directly owns 2,695,264 shares in the company, valued at $223,706,912. The disclosure for this sale can be found here. Insiders sold a total of 34,430 shares of company stock worth $2,836,678 in the last quarter. Insiders own 36.20% of the company’s stock.

MGP Ingredients Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, May 16th. MGP Ingredients’s dividend payout ratio is currently 11.09%.

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.