MGP Ingredients, Inc. (MGPI)
| Market Cap | 2.00B |
| Revenue (ttm) | 713.63M |
| Net Income (ttm) | 112.28M |
| Shares Out | 21.99M |
| EPS (ttm) | 5.08 |
| PE Ratio | 17.93 |
| Forward PE | n/a |
| Dividend | $0.48 (0.53%) |
| Ex-Dividend Date | May 19, 2022 |
| Volume | 133,805 |
| Open | 94.64 |
| Previous Close | 95.55 |
| Day's Range | 89.52 - 94.89 |
| 52-Week Range | 58.41 - 104.00 |
| Beta | 1.14 |
| Analysts | Buy |
| Price Target | 117.05 (+28.7%) |
| Earnings Date | May 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...
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 StatementsAnalyst 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.
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...
The Secret Ingredient: A Winning Strategy in 2022
New leaders have emerged in what is a transformed market environment relative to recent years.
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...
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?
UPDATE: MGP Ingredients Reports Record First Quarter 2022 Results
Consolidated sales increased 80.2% from prior year period Operating income increased 144.3%
Ingredients Reports Record First Quarter 2022 Results
Consolidated sales increased 80.2% from prior year period Operating income increased 144.3%
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...
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...
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...
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?
MGP Ingredients Reports Record Fourth Quarter and Full Year 2021 Results
Full year consolidated sales increased 58.5% from prior year period
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...
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.
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 ...
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...
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...
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 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...
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.
3 Reasons Growth Investors Will Love MGP (MGPI)
MGP (MGPI) possesses solid growth attributes, which could help it handily outperform the market.
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 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.
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...
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, ...
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, ...