MGP Ingredients, Inc. (MGPI)

Market Cap	1.77B
Revenue (ttm)	787.88M
Net Income (ttm)	95.99M
Shares Out	21.99M
EPS (ttm)	4.33
PE Ratio	18.55
Forward PE	12.50
Dividend	$0.48 (0.60%)
Ex-Dividend Date	Aug 16, 2024

Volume	125,900
Open	80.83
Previous Close	80.43
Day's Range	79.88 - 81.52
52-Week Range	68.86 - 104.73
Beta	0.59
Analysts	Strong Buy
Price Target	106.00 (+31.91%)
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 2 analysts, the average rating for MGPI stock is "Strong Buy." The 12-month stock price forecast is $106.0, which is an increase of 31.91% from the latest price.

Price Target

$106.0

(31.91% upside)

Analyst Consensus: Strong Buy