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 |
|---|---|---|---|
| 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 |
Ross & Squibb's 2024 edition of the ultra-limited Remus expression, made with 15-year-old reserves, features two signature mash bills inspired by the Roaring '20s and the time of Gatsby ST. LOUIS, Nov. 12, 2024 /PRNewswire/ -- It's enough to make Daisy Buchanan swoon. The historic Ross & Squibb Distillery in Lawrenceburg, Indiana, announced the return of the most-limited member of the Remus Bourbon family: Remus Gatsby Reserve 2024 Edition. Released to celebrate the era of F. Scott Fitzgerald's legendary 1925 novel, "The Great Gatsby" – Remus Gatsby Reserve is bottled at 104.9 proof (52.45% ABV) and will be offered in ultra-limited quantities this month at a minimum suggested retail price o
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
Exclusively for the holiday season, the special giftpack includes three award-winning Yellowstone Bourbon varieties ST. LOUIS, Oct. 15, 2024 /PRNewswire/ -- Yellowstone Bourbon announced it will release the 2024 Bourbon Giftpack this month. The Giftpack showcases three award-winning innovations from the Yellowstone Bourbon family: Yellowstone Select, Yellowstone Special Finishes Collection Toasted and Yellowstone Special Finishes Collection Rum Cask. Packaged in a decorative box and available at local retailers nationwide at a minimum suggested retail price of $49.99, the Yell
Highly collectible bourbons will be available in September ST. LOUIS, Aug. 15, 2024 /PRNewswire/ -- Three is a magic number – especially when it involves a trilogy of sought-after bourbons. Lux Row Distillers announced the release of Blood Oath Trilogy – Third Edition, the latest collection of limited-release bourbons, or "Pacts," created by Lux Row Master Distiller John Rempe. Featuring 750mL bottles of Pacts 7, 8 and 9, this latest Trilogy has a limited supply of 1,400 sets and is available at a minimum suggested retail price $799.99, which reflects the quality and scarcity of these bourbons. Shipments of the latest Blood Oath Trilogy will begin in September.
The eighth-annual release in the award-winning, limited-edition series features a medley of three high-rye bourbons aged between 10 and 17 years ST. LOUIS, Aug. 12, 2024 /PRNewswire/ -- The Lawrenceburg, Indiana-based Ross & Squibb Distillery once again pays homage to its Prohibition legacy with the highly anticipated Remus Repeal Reserve Series VIII Straight Bourbon Whiskey. Bottled at 101 proof (50.5% ABV), Remus Repeal Reserve Series VIII features a medley of three rare bourbons aged between 10 and 17 years. A limited supply will be available at a minimum suggested retail price of $99.99 per 750mL bottle in September – just in time for National Bourbon Heritage Month.
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
Ninth annual release is extra aged and marks the distiller's first-ever Limited Edition double finished in brandy and cognac casks ST. LOUIS, July 29, 2024 /PRNewswire/ -- Limestone Branch Distillery announces the annual release of Yellowstone Bourbon Limited Edition Kentucky Straight Bourbon Whiskey. Created by Limestone Branch Distillery Master Distiller Stephen Beam, the 2024 expression is extra aged, featuring 7-year and 17-year aged bourbons and Beam's first double finish in French brandy and cognac casks. Bottled at 101 proof (50.5% ABV), an allocation of 10,000 cases (3-in) of Yellowstone Limited Edition will arrive on shelf in September at a minimum suggested price of $99.99 per 750m
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
The collector's release features a medley of three mash bills, inspired by Ruth's legendary #3, along with a total of 10,624 bottles available, one for each of his plate appearances ST. LOUIS, June 25, 2024 /PRNewswire/ -- The Bambino meets the Bootlegger. Remus Bourbon is proud to announce an official partnership with the estate of Babe Ruth that has culminated in the release of Remus Babe Ruth Reserve – a blend of three high-rye bourbons aged for six-to-seven years and offered at 111 proof (55.5% ABV). A limited supply of 10,624 bottles, one for each of the Babe's plate appearances, will arrive at retail this July at a minimum suggested price of $149.99 per 750mL bottle. A QR code on the b
ATCHISON, Kan., June 10, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (MGPI: Nasdaq), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of David Colyott as its Executive Vice President of Operations. He will succeed Steve Glaser, who is retiring in July 2024 after 13 years with MGP. Colyott brings over 30 years of experience in leading diverse and complex supply chain operations across the consumer packaged goods industry. He most recently served as Vice President of the Supply Chain Center of Excellence at Mars Petcare since 2018, where he led the development and execution of an efficient supply chain, while aligning
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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
ATCHISON, Kan., Nov. 02, 2023 (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 December 1, 2023 to stockholders of record as of November 17, 2023. 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 o
ATCHISON, Kan., Oct. 19, 2023 (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 third quarter ended September 30, 2023, on Thursday, November 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 Colo, president and CEO, 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 Call:844-308-6398 (domestic
ATCHISON, Kan., Aug. 03, 2023 (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 September 01, 2023 to stockholders of record as of August 18, 2023. 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
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
Roth MKM analyst Sean McGowan maintains MGP Ingredients (NASDAQ:MGPI) with a Buy and lowers the price target from $95 to $92.
MGP Ingredients (NASDAQ:MGPI) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $0.98 by 9.18 percent. This is a 23.02 percent decrease over earnings of $1.39 per share from the same period last year. The company reported quarterly sales of $170.56 million which missed the analyst consensus estimate of $173.23 million by 1.54 percent. This is a 15.15 percent decrease over sales of $201.01 million the same period last year.
Wedbush analyst Gerald Pascarelli reiterates MGP Ingredients (NASDAQ:MGPI) with a Outperform and maintains $120 price target.
Roth MKM analyst Sean McGowan maintains MGP Ingredients (NASDAQ:MGPI) with a Buy and lowers the price target from $100 to $95.
Wedbush analyst Gerald Pascarelli reiterates MGP Ingredients (NASDAQ:MGPI) with a Outperform and maintains $120 price target.
Wedbush analyst Gerald Pascarelli reiterates MGP Ingredients (NASDAQ:MGPI) with a Outperform and maintains $120 price target.
Shares of Etsy, Inc. (NASDAQ:ETSY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results. Etsy reported quarterly earnings of 62 cents per share which missed the analyst consensus estimate of 78 cents. The company reported quarterly sales of $842.3 million, beating the analyst consensus estimate of $827.81 million. Etsy shares dipped 7.5% to $71.34 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers La Rosa Holdings Corp. (NASDAQ:LRHC) shares jumped 160.7% to $3.6499 after the company said it has acquired a 100% interest in the Company's franchisee - La Rosa Realty Winter Garden LLC located in Winter G
MGP Ingredients (NASDAQ:MGPI) reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.36 by 20.59 percent. This is a 62.38 percent increase over earnings of $1.01 per share from the same period last year. The company reported quarterly sales of $214.89 million which beat the analyst consensus estimate of $205.39 million by 4.62 percent. This is a 12.51 percent increase over sales of $191.00 million the same period last year.
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
Truist downgraded MGP Ingredients from Buy to Hold and set a new price target of $65.00 from $50.00 previously
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