MGP Ingredients, Inc. (MGPI)

Market Cap	1.61B
Revenue (ttm)	806.08M
Net Income (ttm)	96.03M
Shares Out	22.01M
EPS (ttm)	4.33
PE Ratio	16.86
Forward PE	11.14
Dividend	$0.48 (0.66%)
Ex-Dividend Date	May 16, 2024

Volume	93,349
Open	72.97
Previous Close	72.97
Day's Range	72.23 - 73.45
52-Week Range	70.82 - 124.96
Beta	0.62
Analysts	Strong Buy
Price Target	117.33 (+60.7%)
Earnings Date	Aug 1, 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...

• Industry: Beverages - Wineries & Distilleries
• Sector: Consumer Staples
• IPO Date: Oct 20, 1988
• Employees: 705
• Stock Exchange: NASDAQ
• Ticker Symbol: MGPI

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%.

Analyst 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 60.70% from the latest price.

Price Target

$117.33

(60.70% upside)

Analyst Consensus: Strong Buy