MGP Ingredients (NASDAQ:MGPI) Updates FY 2026 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.500-1.800 for the period, compared to the consensus EPS estimate of 1.590. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $486.1 million.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MGPI. Weiss Ratings restated a “sell (d)” rating on shares of MGP Ingredients in a research report on Tuesday, April 21st. Roth Mkm lowered their price objective on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company dropped their price objective on shares of MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. TD Cowen cut their price objective on shares of MGP Ingredients from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Wall Street Zen lowered shares of MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.75.

MGP Ingredients Trading Up 4.1%

Shares of MGP Ingredients stock opened at $19.95 on Friday. The company has a quick ratio of 0.70, a current ratio of 2.74 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $19.24 and its 200-day moving average is $22.76. The stock has a market cap of $426.22 million, a P/E ratio of -1.79 and a beta of 0.45. MGP Ingredients has a 12-month low of $16.45 and a 12-month high of $34.99.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The business had revenue of $106.43 million during the quarter, compared to analysts’ expectations of $105.32 million. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.MGP Ingredients’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Equities research analysts predict that MGP Ingredients will post 1.62 earnings per share for the current fiscal year.

MGP Ingredients Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. MGP Ingredients’s payout ratio is presently -9.64%.

Hedge Funds Weigh In On MGP Ingredients

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its position in shares of MGP Ingredients by 349.9% in the fourth quarter. Millennium Management LLC now owns 128,752 shares of the company’s stock valued at $3,129,000 after purchasing an additional 100,131 shares during the period. Engineers Gate Manager LP lifted its stake in shares of MGP Ingredients by 144.9% during the 4th quarter. Engineers Gate Manager LP now owns 38,286 shares of the company’s stock worth $930,000 after buying an additional 22,652 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of MGP Ingredients by 172.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 49,973 shares of the company’s stock worth $1,214,000 after buying an additional 31,609 shares during the period. Trexquant Investment LP acquired a new position in MGP Ingredients in the 4th quarter valued at about $817,000. Finally, Jump Financial LLC acquired a new position in MGP Ingredients in the 4th quarter valued at about $908,000. 77.11% of the stock is owned by institutional investors.

MGP Ingredients Company Profile

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.