MGP Ingredients (MGPI) to Release Quarterly Earnings on Thursday

MGP Ingredients (NASDAQ:MGPI) is expected to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect MGP Ingredients to post earnings of $0.40 per share and revenue of $119.14 million for the quarter.

MGP Ingredients Trading Up 0.8 %

Shares of MGPI stock opened at $29.43 on Tuesday. The firm’s fifty day simple moving average is $29.91 and its 200 day simple moving average is $39.23. MGP Ingredients has a 1 year low of $25.12 and a 1 year high of $92.52. The company has a current ratio of 6.46, a quick ratio of 1.94 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $625.98 million, a P/E ratio of 6.12 and a beta of 0.61.

MGP Ingredients Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, March 14th. This represents a $0.48 annualized dividend and a yield of 1.63%. MGP Ingredients’s dividend payout ratio is 31.79%.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, Director Karen Seaberg sold 28,304 shares of MGP Ingredients stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $30.82, for a total value of $872,329.28. Following the completion of the transaction, the director now owns 283,569 shares in the company, valued at approximately $8,739,596.58. The trade was a 9.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 36.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MGPI has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on MGP Ingredients from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Lake Street Capital raised MGP Ingredients from a “hold” rating to a “buy” rating and decreased their price objective for the company from $55.00 to $45.00 in a report on Thursday, February 27th. StockNews.com cut MGP Ingredients from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Truist Financial decreased their price target on MGP Ingredients from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, MGP Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

MGP Ingredients Company Profile

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.