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 |
Six-year-aged bourbon features bold proof to deliver intense yet balanced flavor ST. LOUIS, March 13, 2025 /PRNewswire/ -- Lebanon, Kentucky-based Yellowstone Bourbon announced the release of Small Batch 107, a new permanent addition to the Yellowstone family. The elevated expression pays homage to the brand's history while featuring several firsts for the family lineup. Small Batch is aged six years and the only variety in the Yellowstone portfolio to feature an age statement on packaging. Bottled at 107 proof, the expression is one of the highest proof everyday offerings fro
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that Brandon Gall, Interim President and CEO, and CFO, and Amit Sharma, VP, IR will participate in the 37th Annual Roth Conference. The Company will host a fireside chat at 4:30 p.m. Eastern on March 17, 2025. A live webcast of the fireside chat will be available at the "News & Events" section of the Company's website at ir.mgpingredients.com/news-events. A replay will be available on the company's website after the webcast concludes. About MGP Ingredients, Inc. MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium distilled spirits, brande
Experimental Series No. 1 Debuts as the First in a Bold New Annual Limited-Edition Series, Pushing the Boundaries of Bourbon Craftsmanship LAWRENCEBURG, Ind., March 5, 2025 /PRNewswire/ -- Remus Bourbon, the award-winning whiskey produced by Ross & Squibb Distillery – known for crafting some of the industry's most recognized whiskeys – announced the launch of its new Remus Bourbon Master Distiller Experimental Series. This new series was born from a happy accident when a barrel experiment from 2015 yielded some particularly interesting whiskey. Master Distiller Ian Stirsman decided to share this exceptional liquid with the world, pulling it from the vault to release as Master Distiller Exper
One-of-a-kind bourbon release takes the Rebel sponsorship of Richard Childress Racing to a new level ST. LOUIS, Feb. 26, 2025 /PRNewswire/ -- Bardstown, Kentucky-based Rebel Bourbon – the Official Bourbon of Richard Childress Racing – announced the limited-edition release of Kyle Busch 108 Single Barrel Bourbon. Every barrel was selected by two-time NASCAR Cup Series Champion Kyle "Rowdy" Busch and bottled at 108 proof (54% ABV) in honor of Rebel's sponsorship of RCR. The new limited-edition release is handcrafted according to Rebel's original time-honored wheated recipe since
Fourth quarter results in line with expectations; Provides 2025 financial guidance MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the fourth quarter and full year ended December 31, 2024. "Despite ongoing industry-wide challenges, our fourth quarter results were in line with our expectations. Elevated industry-wide barrel whiskey inventories continue to weigh on overall brown goods sales and pricing trends, pressuring our financial performance and overshadowing the meaningful strides we continue to make across our Branded Spirits and Ingredient Solutions businesses. Led by Penelope, our p
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 March 28, 2025 to stockholders of record as of March 14, 2025. About MGP Ingredients, Inc. MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium branded and distilled spirits, as well as food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers. As one of the largest distillers i
Yellowstone Bourbon has donated a total of $1 million to preserve and protect national parks as one of NPCA's largest corporate donors WASHINGTON, Feb. 19, 2025 /PRNewswire/ -- Yellowstone Bourbon announced through its recent partnership renewal with National Parks Conservation Association (NPCA) including an annual donation of more than $250,000, the brand has achieved a monumental partnership milestone with $1 million in total donations to the organization since 2018. To celebrate this landmark occasion, NPCA and Yellowstone Bourbon will launch a new video series designed to
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the fourth quarter and full year ended December 31, 2024, on Wednesday, February 26, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management on the call will include Brandon Gall, Interim President and CEO, and CFO. A webcast will be available at the "News and Events" section of the company's Investor Relations website at ir.mgpingredients.com/news-events. Investors can also dial 844-308-6398 (domestic) or 412-717-9605 (international) to list
ATCHISON, Kan., Jan. 31, 2025 /PRNewswire/ -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, is pleased to announce the promotion of Michael Buttshaw to President, Ingredient Solutions, effective today. In his new role, Buttshaw will lead the continued development of the Ingredient Solutions business from operational excellence to financial growth across the business unit's teams, including its research and development, manufacturing, quality, supply chain, and sales and marketing teams. During his more
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.
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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
Fourth quarter results in line with expectations; Provides 2025 financial guidance MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the fourth quarter and full year ended December 31, 2024. "Despite ongoing industry-wide challenges, our fourth quarter results were in line with our expectations. Elevated industry-wide barrel whiskey inventories continue to weigh on overall brown goods sales and pricing trends, pressuring our financial performance and overshadowing the meaningful strides we continue to make across our Branded Spirits and Ingredient Solutions businesses. Led by Penelope, our p
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 March 28, 2025 to stockholders of record as of March 14, 2025. About MGP Ingredients, Inc. MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium branded and distilled spirits, as well as food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers. As one of the largest distillers i
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the fourth quarter and full year ended December 31, 2024, on Wednesday, February 26, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management on the call will include Brandon Gall, Interim President and CEO, and CFO. A webcast will be available at the "News and Events" section of the company's Investor Relations website at ir.mgpingredients.com/news-events. Investors can also dial 844-308-6398 (domestic) or 412-717-9605 (international) to list
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 November 29, 2024 to stockholders of record as of November 15, 2024. About MGP Ingredients, Inc. MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium branded and distilled spirits, as well as food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers. As one of the largest distillers in th
ATCHISON, Kan., Aug. 01, 2024 (GLOBE NEWSWIRE) -- 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 August 30, 2024 to stockholders of record as of August 16, 2024. About MGP Ingredients, Inc.MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium branded and distilled spirits, as well as food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with
ATCHISON, Kan., July 18, 2024 (GLOBE NEWSWIRE) -- 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, 2024, on Thursday, August 1, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management, including David Bratcher, CEO and president, 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 844-308-6
ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- 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 31, 2024 to stockholders of record as of May 17, 2024. About MGP Ingredients, Inc.MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium branded and distilled spirits, as well as food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our custom
ATCHISON, Kan., April 18, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits, as well as food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the first quarter ended March 31, 2024, on Thursday, May 2, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning. Management on the call will include David Bratcher, CEO and President, and Brandon Gall, Vice President of Finance and CFO. The call/webcast will be available via: Webcast:ir.mgpingredients.com on the Events & Presentations page Conference Call:844-308-6398 (dom
ATCHISON, Kan., Feb. 22, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of distilled spirits, branded spirits, and 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 March 29, 2024 to stockholders of record as of March 15, 2024. About MGP Ingredients, Inc. MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with
ATCHISON, Kan., Feb. 08, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the fourth quarter and full year ended December 31, 2023, on Thursday, February 22, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning. Management on the call will include David Bratcher, CEO and president, and Brandon Gall, Vice President of finance and CFO. The call/webcast will be available via: Webcast:ir.mgpingredients.com on the Events & Presentations pageConference Cal
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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