MGP Ingredients (MGPI) to Release Earnings on Wednesday

MGP Ingredients (NASDAQ:MGPI) is anticipated to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect MGP Ingredients to post earnings of $1.49 per share and revenue of $177.17 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

MGP Ingredients Stock Performance

NASDAQ:MGPI opened at $32.83 on Tuesday. The stock has a market cap of $720.72 million, a P/E ratio of 6.83 and a beta of 0.62. The stock has a 50 day simple moving average of $36.28 and a 200 day simple moving average of $57.17. The company has a current ratio of 6.46, a quick ratio of 1.94 and a debt-to-equity ratio of 0.31. MGP Ingredients has a 1-year low of $31.76 and a 1-year high of $92.52.

Analyst Ratings Changes

MGPI has been the topic of several research reports. Roth Mkm decreased their price target on shares of MGP Ingredients from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. StockNews.com upgraded shares of MGP Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of MGP Ingredients from $58.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Truist Financial decreased their price target on shares of MGP Ingredients from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen lowered shares of MGP Ingredients from a “buy” rating to a “hold” rating and reduced their target price for the stock from $66.00 to $50.00 in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.29.

MGP Ingredients Company Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.