MGP Ingredients, Inc. (MGPI)
Market Cap | 1.82B |
Revenue (ttm) | 806.08M |
Net Income (ttm) | 96.03M |
Shares Out | 22.01M |
EPS (ttm) | 4.33 |
PE Ratio | 19.05 |
Forward PE | 12.46 |
Dividend | $0.48 (0.58%) |
Ex-Dividend Date | May 16, 2024 |
Volume | 171,275 |
Open | 83.08 |
Previous Close | 82.04 |
Day's Range | 80.56 - 83.69 |
52-Week Range | 75.78 - 124.96 |
Beta | 0.76 |
Analysts | Strong Buy |
Price Target | 117.33 (+42.27%) |
Earnings Date | May 2, 2024 |
About MGPI
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. The Distillery Solutions segment provides food grade alcohol for beverage applications that include bourbon, rye, whiskeys, as well as grain neutral spirits, include vodka and gin; and food-grade industrial alcohol, which is used as an ingredient... [Read more]
Financial Performance
In 2023, MGPI's revenue was $836.52 million, an increase of 6.92% compared to the previous year's $782.36 million. Earnings were $106.40 million, a decrease of -2.02%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MGPI stock is "Strong Buy." The 12-month stock price forecast is $117.33, which is an increase of 42.27% from the latest price.
News
MGP Names New Distilling Solutions Vice President
Industry veteran Paul Lux joins company to continue execution of strategy for the segment Industry veteran Paul Lux joins company to continue execution of strategy for the segment
MGP Ingredients Reports First Quarter 2024 Results
ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today reported results ...
MGP Ingredients Declares $0.12 Quarterly Dividend
ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that it...
Lux Row Distillers' Blood Oath Pact 10 Kentucky Straight Bourbon Whiskey arrives at retail in April
In honor of the double-digit age milestone, the latest offering is double finished in Cabernet Franc and Merlot casks ST. LOUIS , April 23, 2024 /PRNewswire/ -- Lux Row Master Distiller and Master Ble...
MGP Ingredients Schedules First Quarter 2024 Conference Call/Webcast for Thursday, May 2
ATCHISON, Kan., April 18, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of branded and distilled spirits, as well as food ingredient solutions, today announced that ...
Lux Row Distillers Introduces Ezra Brooks 99 Port Wine Cask Finish
Award-winning brand extends its portfolio with unique new variant ST. LOUIS , April 9, 2024 /PRNewswire/ -- Lux Row Distillers announced the latest addition to the Ezra Brooks brand family: Ezra Brook...
MGP Ingredients Announces $100 Million Share Repurchase Program
ATCHISON, Kan., Feb. 29, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it...
MGP Ingredients Reports Strong Fourth Quarter and Full Year 2023 Results
ATCHISON, Kan., Feb. 22, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results f...
MGP Ingredients Schedules Fourth Quarter and Full Year 2023 Conference Call/Webcast for Thursday, February 22
ATCHISON, Kan., Feb. 08, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it...
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ROSS & SQUIBB DISTILLERY COMPLETES FIRST PROJECT WITH THE CHRIS LONG FOUNDATION'S WATERBOYS INITIATIVE TO COMBAT WATER SCARCITY IN KENYA
ST. LOUIS , Jan. 16, 2024 /PRNewswire/ -- Lawrenceburg, Indiana-based Ross & Squibb Distillery, in partnership with NFL legend Chris Long and his Foundation's Waterboys initiative, announced the compl...
Richard Childress Racing Announces Multi-Race, Multi-Year Partnership with Rebel Bourbon
Rebel Bourbon to Sponsor Richard Childress Racing and Driver Kyle Busch in the NASCAR Cup Series WELCOME, N.C. , Jan. 9, 2024 /PRNewswire/ -- Bardstown, Kentucky-based Rebel® Bourbon has signed a spon...
MGP Promotes Amel Pasagic to Chief Commercial Officer
ATCHISON, Kan., Jan. 08, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of distilled spirits, branded spirits and food ingredient solutions, is pleased to announce t...
MGP Ingredients Announces Election of David Bratcher to Board of Directors
ATCHISON, Kan., Dec. 11, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, announced today that Da...
MGP Distillery in Bardstown, Kentucky, Earns EPA's ENERGY STAR® Certification for Superior Energy Efficiency
Outperforms similar U.S. Plants on measure of energy efficiency BARDSTOWN, Ky. , Nov. 20, 2023 /PRNewswire/ -- Lux Row Distillers, the Bardstown, Ky.
MGP Ingredients Announces CEO Retirement and Succession Plan
David Colo to retire at year end; David Bratcher promoted to CEO and President as of January 1, 2024
MGP Ingredients Reports Strong Third Quarter 2023 Results
Consolidated gross profit increased 24%; Continued gross margin expansion across all business segments; Increases full year guidance
MGP Ingredients Schedules Third Quarter 2023 Conference Call/Webcast for Thursday, November 2
ATCHISON, Kan., Oct. 19, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it ...
Ross & Squibb Distillery Honors the Repeal of Prohibition with September Release of Remus Repeal Reserve Series VII
Latest edition features a medley of five rare bourbons aged since 2007-2014 ST. LOUIS , Aug. 24, 2023 /PRNewswire/ -- Ross & Squibb Distillery Master Distiller Ian Stirsman announced the upcoming rel...
MGP Ingredients Reports Record Second Quarter 2023 Results
Consolidated sales increased 7% to a quarterly record of $209.0 million; Net income and adjusted EBITDA increased 26% and 28%, respectively
MGP Ingredients Schedules Second Quarter 2023 Conference Call/Webcast for Thursday, August 3
ATCHISON, Kan., July 20, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it ...
MGP Ingredients Announces Planned Closure of Grain Neutral Spirits and Industrial Alcohol Distillery in Atchison, Kansas
ATCHISON, Kan., July 13, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced the pla...
MGP Ingredients Reports Strong First Quarter 2023 Results
Consolidated sales increased 3% from prior year period Continued strength across each business segment ATCHISON, Kan., May 04, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading p...
MGP Ingredients Schedules First Quarter 2023 Conference Call/Webcast for Thursday, May 4
ATCHISON, Kan., April 20, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it...
Lux Row Distillers introduces Rebel 100 Rye
Latest Rebel brand-family variant elevates the proof – and taste – following in the footsteps of its bourbon namesake ST. LOUIS , March 16, 2023 /PRNewswire/ -- Lux Row Distillers announced the newest...