MGP Ingredients, Inc. (MGPI)

NASDAQ: MGPI · IEX Real-Time Price · USD
90.98
-4.57 (-4.78%)
At close: May 20, 2022 4:00 PM
90.50
-0.48 (-0.53%)
After-hours:May 20, 2022 4:05 PM EDT
Market Cap2.00B
Revenue (ttm)713.63M
Net Income (ttm)112.28M
Shares Out21.99M
EPS (ttm)5.08
PE Ratio17.93
Forward PEn/a
Dividend$0.48 (0.53%)
Ex-Dividend DateMay 19, 2022
Volume133,805
Open94.64
Previous Close95.55
Day's Range89.52 - 94.89
52-Week Range58.41 - 104.00
Beta1.14
AnalystsBuy
Price Target117.05 (+28.7%)
Earnings DateMay 5, 2022

About MGPI

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuti...

IndustryBeverages
IPO DateOct 20, 1988
CEODavid Colo
Employees672
Stock ExchangeNASDAQ
Ticker SymbolMGPI
Full Company Profile

Financial Performance

In 2021, MGPI's revenue was $626.72 million, an increase of 58.45% compared to the previous year's $395.52 million. Earnings were $91.31 million, an increase of 126.32%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for MGPI stock is "Buy." The 12-month stock price forecast is 117.05, which is an increase of 28.65% from the latest price.

Price Target
$117.05
(28.65% upside)
Analyst Consensus: Buy
Stock Forecasts

News

El Mayor Tequila unveils limited-edition Extra Añejo Port Cask Aged

The new ultra-premium tequila will be available nationwide starting in July ST. LOUIS , May 19, 2022 /PRNewswire/ -- The González family continues their extraordinary tequila-making tradition with their...

1 day ago - PRNewsWire

The Secret Ingredient: A Winning Strategy in 2022

New leaders have emerged in what is a transformed market environment relative to recent years.

Other symbols:XLP
4 days ago - Zacks Investment Research

MGP (MGPI) Is a Great Choice for "Trend" Investors, Here's Why

If you are looking for stocks that are well positioned to maintain their recent uptrend, MGP (MGPI) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strengt...

1 week ago - Zacks Investment Research

MGP (MGPI) Q1 Earnings and Revenues Top Estimates

MGP (MGPI) delivered earnings and revenue surprises of 76.04% and 10.62%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

UPDATE: MGP Ingredients Reports Record First Quarter 2022 Results

Consolidated sales increased 80.2% from prior year period  Operating income increased 144.3%

2 weeks ago - GlobeNewsWire

Ingredients Reports Record First Quarter 2022 Results

Consolidated sales increased 80.2% from prior year period  Operating income increased 144.3%

2 weeks ago - GlobeNewsWire

MGP Ingredients Declares $0.12 Quarterly Dividend

ATCHISON, Kan., May 05, 2022 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its bo...

2 weeks ago - GlobeNewsWire

Luxco Introduces Alias Straight Rye Whiskey

Brand celebrates launch with write-in contest, sending winner to six-day Distiller Course at Moonshine University ST. LOUIS , May 4, 2022 /PRNewswire/ -- Luxco, a leading producer, supplier, importer an...

2 weeks ago - PRNewsWire

7 Wheat Stocks to Buy as the World Faces a Shortage of the Amber-Colored Grain

The longer the Russian invasion of Ukraine rolls on, the more these wheat stocks to buy become attractive. The post 7 Wheat Stocks to Buy as the World Faces a Shortage of the Amber-Colored Grain appeare...

Other symbols:ADMANDEBGCMEFPISEB
2 months ago - InvestorPlace

MGP (MGPI) Q4 Earnings and Revenues Top Estimates

MGP (MGPI) delivered earnings and revenue surprises of 27.94% and 7.37%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

MGP Ingredients Reports Record Fourth Quarter and Full Year 2021 Results

Full year consolidated sales increased 58.5% from prior year period

2 months ago - GlobeNewsWire

MGP to Build New $16.7 Million Extrusion Plant Inside Recently Acquired Production Facility

ATCHISON, Kan., Feb. 22, 2022 /PRNewswire/ -- MGP Ingredients, Inc., (Nasdaq: MGPI) a leading provider of specialty proteins and starches, announced it will build a technologically advanced extrusion pl...

2 months ago - PRNewsWire

Earnings Preview: MGP (MGPI) Q4 Earnings Expected to Decline

MGP (MGPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

MGP Ingredients Begins $12M Barrel Warehouse Expansion In Kentucky

MGP Ingredients Inc (NASDAQ: MGPI) said it had begun a $12 million barrel warehouse expansion to meet growing consumer demand for its American whiskey.  The company noted construction of the new barrel ...

3 months ago - Benzinga

MGP Ingredients Announces $12 Million Barrel Warehouse Expansion to Meet Robust American Whiskey Demand

ATCHISON, Kan., Feb. 17, 2022 /PRNewswire/ -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled and branded spirits and food ingredient solutions, announced it has begun a $12 millio...

3 months ago - PRNewsWire

Arise® Wheat Protein Isolates from MGP Receive low FODMAP Certification from Monash University

ATCHISON, Kan., Feb. 10, 2022 /PRNewswire/ -- MGP Ingredients, Inc., (Nasdaq: MGPI) a leading provider of specialty proteins and starches, announced that its Arise® wheat protein isolates have been cert...

3 months ago - PRNewsWire

MGP Ingredients Schedules Fourth Quarter And Full Year 2021 Conference Call/Webcast For Thursday, February 24

ATCHISON, Kan., Feb. 07, 2022 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it wi...

3 months ago - GlobeNewsWire

3 Food Stocks Poised to Continue Their Winning Streak in 2022

Food stocks have been gaining from favorable demand trends and efforts to strengthen product offerings and customer base. MGP Ingredients (MGPI), Sanderson Farms (SAFM) and United Natural (UNFI) look we...

Other symbols:SAFMUNFI
4 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength to Enhance Your Returns

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MGPI, CSV, BVH, LPX and OCN.

Other symbols:BVHCSVLPXOCN
5 months ago - Zacks Investment Research

3 Reasons Growth Investors Will Love MGP (MGPI)

MGP (MGPI) possesses solid growth attributes, which could help it handily outperform the market.

5 months ago - Zacks Investment Research

Here's Why Momentum in MGP (MGPI) Should Keep going

If you are looking for stocks that are well positioned to maintain their recent uptrend, MGP (MGPI) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strengt...

5 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength Despite Market Volatility

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MGPI, CPLP, CLFD, BLDR and TGLS.

Other symbols:BLDRCLFDCPLPTGLS
5 months ago - Zacks Investment Research

Truist Turns Bullish On This Distiller, Bumps Up Price Target By 25%

Truist analyst Bill Chappell upgraded MGP Ingredients Inc (NASDAQ:MGPI) to Buy from Hold with a price target of $100, up from $80, implying a 27% upside. The analyst cited the company's presentations fr...

5 months ago - Benzinga

MGP Ingredients Prices Offering of $175 Million of Convertible Senior Notes Due 2041

ATCHISON, Kan., Nov. 10, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI) (the “Company” or “MGP”), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, ...

6 months ago - GlobeNewsWire

MGP Ingredients Announces Proposed Private Offering of $175 Million of Convertible Senior Notes

ATCHISON, Kan., Nov. 09, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI) (the “Company” or “MGP”), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, ...

6 months ago - GlobeNewsWire