MGP Ingredients, Inc. (MGPI)

Market Cap	1.71B
Revenue (ttm)	836.52M
Net Income (ttm)	106.40M
Shares Out	22.01M
EPS (ttm)	4.80
PE Ratio	16.23
Forward PE	12.41
Dividend	$0.48 (0.62%)
Ex-Dividend Date	Mar 14, 2024

Volume	272,250
Open	78.65
Previous Close	79.56
Day's Range	76.78 - 79.53
52-Week Range	75.78 - 124.96
Beta	0.74
Analysts	Strong Buy
Price Target	130.00 (+66.88%)
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...

• 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 2 analysts, the average rating for MGPI stock is "Strong Buy." The 12-month stock price forecast is $130.0, which is an increase of 66.88% from the latest price.

Price Target

$130.0

(66.88% upside)

Analyst Consensus: Strong Buy