MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates through two segments, Distillery Products 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, pharmaceuticals, and various other products. This segment also provides fuel grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym Resistant Starch, FiberRite RW Resistant Starch, Pregel Instant Starch, and Midsol Cook-up Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
IPO Year:
Exchange: NASDAQ
Website: mgpingredients.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2025 | $55.00 → $45.00 | Hold → Buy | Lake Street |
| 11/6/2024 | $66.00 → $50.00 | Buy → Hold | TD Cowen |
| 10/18/2024 | $135.00 → $75.00 | Buy → Hold | Lake Street |
| 10/11/2022 | $125.00 | Outperform | Wedbush |
| 8/15/2022 | $126.00 | Overweight | Wells Fargo |
| 6/30/2022 | $115.00 | Buy | ROTH Capital |
| 2/22/2022 | $100.00 | Buy | Lake Street |
| 1/21/2022 | $99.00 | Outperform | Cowen & Co. |
| 11/29/2021 | $80.00 → $100.00 | Hold → Buy | Truist Securities |
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Seasoned leaders bring extensive brand-building and operational expertise to help drive MGP's next phase of growth MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, announced the appointment of Matias Bentel as its chief marketing officer and Chris Wiseman as its senior vice president, operations. Both executives are reporting to Julie Francis, president and CEO, and are joining the company's executive leadership team. "We are excited to welcome Matias and Chris to MGP," said Francis. "Matias brings decades of marketing experience in the alcohol beverage industry and a proven ability to build and grow brands. Chris ha
Solid third quarter results; Raises full-year adjusted EBITDA and EPS outlook MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the third quarter ended September 30, 2025. "Our third quarter results demonstrate the resilience of our business and our team's ability to continue to deliver against our key initiatives amid ongoing industry headwinds," said Julie Francis, president and CEO. "Our premium plus brands again delivered solid growth and our brown goods decline came in slightly better than anticipated. In our Ingredient Solutions segment, operational execution was below expectations, an
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend is payable on November 28, 2025 to stockholders of record as of November 14, 2025. About MGP Ingredients, Inc. MGP Ingredients Inc. (NASDAQ:MGPI) has been formulating excellence since 1941 by bringing product ideas to life across the alcoholic beverage and specialty ingredient industries through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. MGPI is one of the leading spirits distillers with an a
The 2025 edition of the ultra-limited Remus expression, made with 15-year-old reserves, features historic Ross & Squibb mash bill at cask strength honoring the 100th anniversary of The Great Gatsby's publication ST. LOUIS, Oct. 28, 2025 /PRNewswire/ -- Jay Gatsby was right – the past can be repeated, and the highly anticipated return of Remus Gatsby Reserve serves as the proof. The historic Ross & Squibb Distillery in Lawrenceburg, Indiana, announces the return of the most limited member of the Remus Bourbon family: The 2025 Edition of Remus Gatsby Reserve 15-Year Bourbon. Released to celebrate the 100th anniversary of the publication of F. Scott Fitzgerald's legendary novel, "The Great Gats
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will report results for the third quarter ended September 30, 2025, on Wednesday, October 29, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management, including Julie Francis, President and CEO, and Brandon Gall, CFO, will hold a conference call to discuss these results. Please visit the "News and Events" section of the company's Investor Relations section at ir.mgpingredients.com/news-events to access the live webcast. Investors can also dial 844-308-6398 (domestic) or 412-717-9605 (international)
New bottled cocktail variety complements the award-winning portfolio of Penelope Cocktails ST. LOUIS, Oct. 14, 2025 /PRNewswire/ -- Just in time for crisp, fall evenings and seasonal gatherings, Penelope Bourbon is introducing Apple Cinnamon Old Fashioned – a limited edition ready-to-pour cocktail that reimagines the timeless classic with festive flavor. Crafted in small batches as a limited release in 2025 with straight bourbon, rye whiskey, apple cinnamon bitters and simple syrup, it's designed to bring the warmth of autumn to any occasion, no mixing required. As the newest
The new "coffee-kissed" premium tequila will be available nationwide starting in September ST. LOUIS, Sept. 23, 2025 /PRNewswire/ -- Fall coffee menus have finally met their match. El Mayor Tequila is expanding their award-winning tequila portfolio with their latest innovative offering: El Mayor Café Reposado Tequila. Premium El Mayor Blanco Tequila is rested for three months in bourbon barrels which previously held coffee beans – lending a smooth and natural "coffee-kissed" flavor that results in El Mayor Café Reposado. Distilled and produced at Destiladora Gonzalez Lux, Café Reposado will be available in September at a minimum suggested retail price of $33.99 per 750mL bottle.
Collaboration marks largest co-branded whiskey release yet and over $500,000 donation LOS ANGELES, Sept. 16, 2025 /PRNewswire/ -- Penelope Bourbon, one of the fastest-growing award-winning premium whiskey brands, announces it has partnered with FCancer, a leading nonprofit changing the way people approach cancer through prevention, early detection, and support programs. Together they will debut two limited-edition whiskey blends with a shared mission: to make a meaningful impact in the fight against cancer. Penelope Bourbon and retail partner SharedPour will donate more than a combined $500,000 to support FCancer. Beyond the bottle, the communities of both Penelope Bourbon and FCancer are in
10th anniversary expression features a blend of three unique mash bills aged 10 years and bottled at 105 proof ST. LOUIS, Sept. 2, 2025 /PRNewswire/ -- To celebrate a decade of excellence across its award-winning annual Limited Edition collection, Limestone Branch Distillery released its 2025 Yellowstone Limited Edition, a unique blend of straight bourbon whiskeys thoughtfully aged 10 years. The series debuted in 2015 to honor the finest spirits worthy of the Yellowstone Bourbon name. In the pioneering spirit of Yellowstone Bourbon, Founder and Master Distiller Stephen Beam an
Award-winning brand rolls out its latest 30-proof blend of bourbon and cream ST. LOUIS, Aug. 26, 2025 /PRNewswire/ -- Just in time for fall, Rebel Bourbon introduced the latest addition to its highly acclaimed lineup – Rebel Butter Pecan Bourbon Cream. The perfect blend of Rebel's time-honored wheated bourbon and all-natural cream, Rebel Butter Pecan Bourbon Cream is bottled at 30 proof (15% ABV) and available in September in limited quantities at Bardstown, Kentucky-based Lux Row Distillers and retailers nationwide for a minimum suggested retail price of $19.99 per 750mL bottle.
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Lake Street upgraded MGP Ingredients from Hold to Buy and set a new price target of $45.00 from $55.00 previously
TD Cowen downgraded MGP Ingredients from Buy to Hold and set a new price target of $50.00 from $66.00 previously
Lake Street downgraded MGP Ingredients from Buy to Hold and set a new price target of $75.00 from $135.00 previously
Wedbush initiated coverage of MGP Ingredients with a rating of Outperform and set a new price target of $125.00
Wells Fargo initiated coverage of MGP Ingredients with a rating of Overweight and set a new price target of $126.00
ROTH Capital initiated coverage of MGP Ingredients with a rating of Buy and set a new price target of $115.00
Lake Street initiated coverage of MGP Ingredients with a rating of Buy and set a new price target of $100.00
Cowen & Co. initiated coverage of MGP Ingredients with a rating of Outperform and set a new price target of $99.00
Truist Securities upgraded MGP Ingredients from Hold to Buy and set a new price target of $100.00 from $80.00 previously
Truist Securities downgraded MGP Ingredients from Buy to Hold
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Solid third quarter results; Raises full-year adjusted EBITDA and EPS outlook MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the third quarter ended September 30, 2025. "Our third quarter results demonstrate the resilience of our business and our team's ability to continue to deliver against our key initiatives amid ongoing industry headwinds," said Julie Francis, president and CEO. "Our premium plus brands again delivered solid growth and our brown goods decline came in slightly better than anticipated. In our Ingredient Solutions segment, operational execution was below expectations, an
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend is payable on November 28, 2025 to stockholders of record as of November 14, 2025. About MGP Ingredients, Inc. MGP Ingredients Inc. (NASDAQ:MGPI) has been formulating excellence since 1941 by bringing product ideas to life across the alcoholic beverage and specialty ingredient industries through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. MGPI is one of the leading spirits distillers with an a
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will report results for the third quarter ended September 30, 2025, on Wednesday, October 29, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management, including Julie Francis, President and CEO, and Brandon Gall, CFO, will hold a conference call to discuss these results. Please visit the "News and Events" section of the company's Investor Relations section at ir.mgpingredients.com/news-events to access the live webcast. Investors can also dial 844-308-6398 (domestic) or 412-717-9605 (international)
Solid second quarter results; Reaffirms 2025 sales and adjusted earnings outlook MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the second quarter ended June 30, 2025. "Our second quarter results came in largely as expected as we delivered solid execution and sequential improvement across all three business segments. Our decisive actions to improve visibility with our customers are working as second quarter brown goods volume and price declines were in line with our expectations. Our teams remain tightly focused on key initiatives and continue to execute on our strategic priorities, which
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 per share of common stock. The dividend is payable on August 29, 2025 to stockholders of record as of August 15, 2025. About MGP Ingredients, Inc. MGP Ingredients Inc. (NASDAQ:MGPI) has been formulating excellence since 1941 by bringing product ideas to life across the alcoholic beverage and specialty ingredient industries through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. MGPI is one of the leading spirits distillers with an award-winni
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will report results for the second quarter ended June 30, 2025, on Thursday, July 31, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management, including Julie Francis, President and CEO, Brandon Gall, CFO, and Mark Davidson, Corporate Controller and Head of Treasury, will hold a conference call to discuss these results. Please visit the "News and Events" section of the company's Investor Relations section at ir.mgpingredients.com/news-events to access the live webcast. Investors can also dial 844-3
Encouraging first quarter results; Reaffirms full year 2025 financial outlook MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the first quarter ended March 31, 2025. "We are pleased with first quarter results that keep us on track to meet our full-year guidance. While elevated industry-wide barrel whiskey inventories and a cautious consumer environment remain as headwinds, we saw signs of positive progress across all three of our business segments. These early signs of stabilization give us confidence that the proactive actions we are taking are beginning to take hold," said Brandon Gall, In
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend is payable on May 30, 2025 to stockholders of record as of May 16, 2025. About MGP Ingredients, Inc. MGP Ingredients Inc. (NASDAQ:MGPI) has been formulating excellence since 1941 by bringing product ideas to life across the alcoholic beverage and specialty ingredient industries through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. MGPI is one of the leading spirits distillers with an award-winning
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced it has successfully refinanced its revolving credit facility and amended its note purchase and private shelf agreement. As part of the refinancing, MGP upsized its revolving credit facility from $400 million to $500 million and extended its maturity from 2026 to 2030, with unchanged applicable interest rates. The amended revolving credit facility includes an accordion feature, which increased in size from $100 million to $200 million and is subject to certain conditions. In addition, the company amended its note purchase and private shelf agreement to exte
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will report results for the first quarter ended March 31, 2025, on Thursday, May 1, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management, including Brandon Gall, interim President and CEO, and CFO and Mark Davidson, Corporate Controller and Head of Treasury, will hold a conference call to discuss these results. Please visit the "News and Events" section of the company's Investor Relations section at ir.mgpingredients.com/news-events to access the live webcast. Investors can also dial 844-308-6398 (
Seasoned leaders bring extensive brand-building and operational expertise to help drive MGP's next phase of growth MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, announced the appointment of Matias Bentel as its chief marketing officer and Chris Wiseman as its senior vice president, operations. Both executives are reporting to Julie Francis, president and CEO, and are joining the company's executive leadership team. "We are excited to welcome Matias and Chris to MGP," said Francis. "Matias brings decades of marketing experience in the alcohol beverage industry and a proven ability to build and grow brands. Chris ha
Collaboration marks largest co-branded whiskey release yet and over $500,000 donation LOS ANGELES, Sept. 16, 2025 /PRNewswire/ -- Penelope Bourbon, one of the fastest-growing award-winning premium whiskey brands, announces it has partnered with FCancer, a leading nonprofit changing the way people approach cancer through prevention, early detection, and support programs. Together they will debut two limited-edition whiskey blends with a shared mission: to make a meaningful impact in the fight against cancer. Penelope Bourbon and retail partner SharedPour will donate more than a combined $500,000 to support FCancer. Beyond the bottle, the communities of both Penelope Bourbon and FCancer are in
Reaffirms full year 2025 financial outlook MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, announced the company's Board of Directors has appointed Julie Francis as President and Chief Executive Officer of MGP, effective today. It is anticipated that Francis will join the MGP Board at the 2026 Annual Meeting of Stockholders. Brandon Gall, who has served as Interim President and Chief Executive Officer since January 1, 2025, will continue to serve in his role as Chief Financial Officer. "Julie is a proven leader with decades of experience driving growth and value creation across the food and beverage space, making he
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, is pleased to announce the election of Gerardo "Gerry" Lopez and Martin Roper to its Board of Directors, bringing extensive industry and operational expertise to further strengthen its Board. Concurrent with these appointments, Preet Michelson has resigned as a member of the Board. Following these changes, the Board will return to nine directors, eight of whom are independent directors. Donn Lux, Chairman of the Board, said, "We are pleased to welcome Gerry and Martin as independent directors to our Board of Directors. They bring proven leadership, relevant industry know
The distillery favorite will be available in February ST. LOUIS, Jan. 28, 2025 /PRNewswire/ -- Bardstown, Kentucky-based Lux Row Distillers is expanding its Kentucky Straight Bourbon Whiskey family with the national release of Lux Row Small Batch PX Sherry Cask Finish. The new release is crafted from small batches of 4-year-old ryed straight Kentucky bourbon finished for six months in casks that held PX Sherry, an intensely rich and sweet wine made from overly ripened, sun-dried grapes. Offered at 112 proof (56% ABV), Lux Row Small Batch PX Sherry Cask Finish will be available nationwide in February at a minimum suggested retail price of $49.99 per 750mL bottle.
ATCHISON, Kan., May 20, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of Amit Sharma as its Vice President of Investor Relations. This strategic addition to our leadership team underscores our commitment to enhancing communication with our investors and stakeholders, and to strengthening our overall investor relations strategy. Sharma brings over 18 years of experience in investor relations and financial communications. He recently served as
ATCHISON, Kan., July 15, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, is pleased to announce that Amel Pasagic, has been appointed to the newly-created position of Chief Information Officer. Mr. Pasagic recently joined MGP as Vice President, IT in connection with MGP's acquisition of Luxco, Inc. and its affiliated companies, a leading branded beverage alcohol company. Prior to the acquisition, Pasagic served in a variety of IT leadership roles while at Luxco for 10 years. In his new role, Pasagic will report directly to Dave Colo, President and CEO and will have responsibility for the
ATCHISON, Kan., July 13, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, is pleased to announce that David Bratcher has been appointed as Chief Operating Officer. Mr. Bratcher recently joined MGP as President, Brands in connection with MGP's acquisition of Luxco, Inc. and its affiliated companies, a leading branded beverage alcohol company. Prior to the acquisition, Bratcher served in a steady progression of leadership roles for over 20 years at Luxco, including serving as President and Chief Operating Officer since 2013. Bratcher was instrumental in supporting Luxco's growth in those po
ATCHISON, Kan., May 05, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (NASDAQ:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today reported results for the first quarter ended March 31, 2021. 2021 first quarter results compared to 2020 first quarter results Consolidated sales increased 9.3% to $108.3 million, as a result of double-digit growth in premium beverage alcohol within the Distillery Products segment.Consolidated gross profit increased 39.2% to $32.3 million, representing 29.8% of consolidated sales, due to improved gross profit in the Distillery Products segment.Consolidated operating income increased 49.6% to $20.5 million, inc
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