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 |
The award-winning tequila will now offer 375mL and 1.75L sizes of its core expressions ST. LOUIS, May 5, 2025 /PRNewswire/ -- El Mayor Tequila – the award-winning premium tequila from the Gonzalez family – is offering new 375mL and 1.75L sizes of its Blanco and Reposado expressions to better meet consumers' usage needs and preferences. Beginning this month, the 1.75L size of El Mayor Blanco and El Mayor Reposado will be available at a minimum suggested retail price of $44.99. The 375mL bottles are expected to be available later this year at a minimum suggested retail price of $14.99. The new SKUs will reflect El Mayor's updated brand packaging which incorporates a new slim bottle and increas
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
The award-winning tequila will now be packaged in a new slim bottle with an updated label ST. LOUIS, April 23, 2025 /PRNewswire/ -- El Mayor Tequila – the award-winning premium tequila from the Gonzalez family – is getting a new look. Starting this month and continuing throughout 2025, the El Mayor Tequila brand family will be packaged in a new 750 mL bottle that features a larger label that creates a cohesive look across the brand portfolio and provides a more impactful footprint for shelf placement. Distilled and produced at Destiladora Gonzalez Lux in Arandas, Mexico, El M
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 (
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
With fourth-generation Master Distiller Graciela Gonzalez at the helm, EscasaTM Tequila premieres with Blanco, Reposado to follow ST. LOUIS, April 16, 2025 /PRNewswire/ -- Today, Luxco, Inc. announces the launch of EscasaTM – a new ultra-premium sipping Tequila, now available nationwide. With the portfolio offering both Blanco and Reposado, the latter releasing in summer 2025, Escasa Tequila showcases the beauty of Tequila when crafted with care, highlighting – not masking – the flavors intrinsic to the soil of Jalisco, Mexico. Meet Escasa In 2024, fourth-generation Master Dis
The 11th annual secret offering from Lux Row Distillers is finished in Añejo tequila barrels ST. LOUIS, March 25, 2025 /PRNewswire/ -- Lux Row Distillers Master Distiller and Master Blender John Rempe renews his annual pact with bourbon drinkers by releasing Blood Oath Pact 11 Kentucky Straight Bourbon Whiskey Finished in Añejo Tequila Barrels. This year's secret blend features a union of two well-bred bourbons – a 14-year ryed and a 10-year wheated – blended with an impressive 7-year ryed which was finished in barrels that held Añejo tequila. As with all of Rempe's pacts, Blood Oath Pact 11 is offered at 98.6 proof (49.3% ABV).
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
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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 (
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
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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
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