MGP Ingredients, Inc. (MGPI)

Market Cap	1.04B
Revenue (ttm)	737.72M
Net Income (ttm)	106.55M
Shares Out	21.95M
EPS (ttm)	4.82
PE Ratio	9.81
Forward PE	11.59
Dividend	$0.48 (1.02%)
Ex-Dividend Date	Nov 15, 2024

Volume	71,329
Open	48.42
Previous Close	48.80
Day's Range	47.04 - 48.48
52-Week Range	45.44 - 102.42
Beta	0.65
Analysts	Buy
Price Target	77.00 (+63.07%)
Earnings Date	Oct 31, 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
• Website: https://www.mgpingredients.com

Financial Performance

In 2023, MGP Ingredients'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 5 analysts, the average rating for MGPI stock is "Buy." The 12-month stock price forecast is $77.0, which is an increase of 63.07% from the latest price.

Price Target

$77.0

(63.07% upside)

Analyst Consensus: Buy