MGP Ingredients (NASDAQ:MGPI) Updates FY 2025 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.450-2.750 for the period, compared to the consensus EPS estimate of 3.460. The company issued revenue guidance of $520.0 million-$540.0 million, compared to the consensus revenue estimate of $593.0 million.

Analyst Ratings Changes

Several brokerages recently weighed in on MGPI. Lake Street Capital raised MGP Ingredients from a “hold” rating to a “buy” rating and cut their target price for the stock from $55.00 to $45.00 in a research report on Thursday. StockNews.com upgraded MGP Ingredients from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company decreased their price objective on shares of MGP Ingredients from $58.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Truist Financial lowered their price objective on MGP Ingredients from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Roth Mkm reduced their price objective on shares of MGP Ingredients from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, MGP Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

MGP Ingredients Price Performance

NASDAQ MGPI traded down $0.43 on Friday, reaching $32.83. 81,600 shares of the stock traded hands, compared to its average volume of 400,850. MGP Ingredients has a 12 month low of $31.31 and a 12 month high of $92.52. The company has a quick ratio of 1.94, a current ratio of 6.46 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $35.67 and its 200 day simple moving average is $56.47. The company has a market cap of $720.78 million, a price-to-earnings ratio of 6.80 and a beta of 0.62.

MGP Ingredients Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, March 14th. MGP Ingredients’s dividend payout ratio (DPR) is presently 31.79%.

About MGP Ingredients

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.