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MGP Ingredients (MGPI)
NASDAQ:MGPI
MGP Ingredients (MGPI) Stock Price & Analysis
205 Followers
MGPI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$68.86 - $124.31
Previous Close$79.82
Volume162.05K
Average Volume (3M)189.17K
Market Cap
$1.76B
Enterprise Value$2.04B
Total Cash (Recent Filing)$18.39M
Total Debt (Recent Filing)$298.54M
Price to Earnings (P/E)18.4
Beta0.68
Next Earnings
Aug 01, 2024EPS Estimate
$1.55Last Dividend Ex-Date
May 16, 2024Dividend Yield0.6%
Share Statistics
EPS (TTM)4.33
Shares Outstanding22,014,910
10 Day Avg. Volume235,330
30 Day Avg. Volume189,171
Standard Deviation0.11
R-Squared0.08
Alpha0.00360
Financial Highlights & Ratios
Price to Book (P/B)6.34
Price to Sales (P/S)1.95
Price to Cash Flow (P/CF)11.60
P/FCF Ratio17.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.43
Enterprise Value/Gross Profit6.68
Enterprise Value/Ebitda17.37
Forecast
1Y Price Target
$120.00Price Target Upside50.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
MGP Ingredients News
PremiumPress Releases
MGP Names New Distilling Solutions Vice President
PremiumPress Releases
MGP Ingredients Declares $0.12 Quarterly DividendBulls Say, Bears Say
Bulls Say
Financial PerformanceMGP's closure of the Atchison facility has led to gross margin expansion and gross profit growth, demonstrating immediate positive financial results.
Market StrategyThe company's focus on premiumization in the Branded Spirits segment is expected to enhance MGP's value proposition, signaling a strategic move towards higher quality offerings.
Stock ValuationAnalysts identify MGP as a high conviction alpha opportunity, anticipating significant multiple expansion and potential earnings outperformance, presenting a compelling investment case.
Bears Say
Company Strategy ConcernsConcerns about a strategic pivot towards new versus aged distillate leading to a more commoditized model with less margin power.
Earnings ExpectationsA $170M top line implies a 15.4% revenue decline, reflecting the impact from the closure of its Atchison facility.
Market ReactionMessaging on Brown Goods mix shift and an H2-weighted outlook sparked a sell-off.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
MGPI FAQ
What was MGP Ingredients’s price range in the past 12 months?
MGP Ingredients lowest stock price was $68.86 and its highest was $124.31 in the past 12 months.
What is MGP Ingredients’s market cap?
Currently, no data Available
When is MGP Ingredients’s upcoming earnings report date?
MGP Ingredients’s upcoming earnings report date is Aug 01, 2024 which is in 11 days.
How were MGP Ingredients’s earnings last quarter?
MGP Ingredients released its earnings results on May 02, 2024. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.985 by $0.085.
Is MGP Ingredients overvalued?
According to Wall Street analysts MGP Ingredients’s price is currently Undervalued.
Does MGP Ingredients pay dividends?
MGP Ingredients pays a Quarterly dividend of $0.12 which represents an annual dividend yield of 0.6%. See more information on MGP Ingredients dividends here
What is MGP Ingredients’s EPS estimate?
MGP Ingredients’s EPS estimate is $1.55.
How many shares outstanding does MGP Ingredients have?
MGP Ingredients has 22,014,910 shares outstanding.
What happened to MGP Ingredients’s price movement after its last earnings report?
MGP Ingredients reported an EPS of $1.07 in its last earnings report, beating expectations of $0.985. Following the earnings report the stock price went up 5.132%.
Which hedge fund is a major shareholder of MGP Ingredients?
Among the largest hedge funds holding MGP Ingredients’s share is Southernsun Asset Management, Llc. It holds MGP Ingredients’s shares valued at 48M.
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MGP Ingredients Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$120.00 (50.34% Upside)
$120.00 (50.34% Upside)
Blogger Sentiment
Bullish
MGPI Sentiment 83%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 264.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $7.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 6.0%
Last 30 Days ▲ 6.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-29.67%
12-Months-Change
Fundamentals
Return on Equity
11.68%
Trailing 12-Months
Asset Growth
17.40%
Trailing 12-Months
Company Description
MGP Ingredients
MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein, and starch food ingredients. It operates through the following segments: Distillery Products and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. This segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.
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MGPI Earnings Call
Q1 2024
0:00 / 0:00
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MGPI Stock 12 Month Forecast
Average Price Target
$120.00
▲(50.34% Upside)
Technical Analysis
Best Analysts Covering MGPI
1 Year
1 Year Success Rate
10/21 ratings generated profit
1 Year Average Return
+9.44%
reiterated a buy rating 14 days ago
Copying Ben Klieve's trades and holding each position for 1 Year would result in 47.62% of your transactions generating a profit, with an average return of +9.44% per trade.
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