MGP Ingredients, Inc. (MGPI)

Market Cap	791.42M
Revenue (ttm)	737.72M
Net Income (ttm)	106.55M
Shares Out	21.95M
EPS (ttm)	4.82
PE Ratio	7.48
Forward PE	9.26
Dividend	$0.48 (1.33%)
Ex-Dividend Date	Nov 15, 2024

Volume	183,144
Open	36.28
Previous Close	35.91
Day's Range	35.57 - 36.44
52-Week Range	34.02 - 92.91
Beta	0.65
Analysts	Buy
Price Target	70.67 (+96.03%)
Earnings Date	Feb 20, 2025

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 6 analysts, the average rating for MGPI stock is "Buy." The 12-month stock price forecast is $70.67, which is an increase of 96.03% from the latest price.

Price Target

$70.67

(96.03% upside)

Analyst Consensus: Buy