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MGP Ingredients (MGPI)
NASDAQ:MGPI
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MGPI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$68.86 - $109.41
Previous Close$84.24
Volume217.22K
Average Volume (3M)172.22K
Market Cap
$1.85B
Enterprise Value$2.15B
Total Cash (Recent Filing)$21.01M
Total Debt (Recent Filing)$317.96M
Price to Earnings (P/E)19.5
Beta0.56
Next Earnings
Oct 31, 2024EPS Estimate
$1.45Last Dividend Ex-Date
Aug 16, 2024Dividend Yield0.57%
Share Statistics
EPS (TTM)4.33
Shares Outstanding21,988,494
10 Day Avg. Volume223,738
30 Day Avg. Volume172,219
Standard Deviation0.11
R-Squared0.08
Alpha0.00945
Financial Highlights & Ratios
Price to Book (P/B)2.07
Price to Sales (P/S)2.36
Price to Cash Flow (P/CF)93.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.73
Enterprise Value/Gross Profit7.05
Enterprise Value/Ebitda21.13
Forecast
1Y Price Target
$110.67Price Target Upside31.37% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
MGP Ingredients News
PremiumPress Releases
MGP Ingredients Declares $0.12 Quarterly Dividend
Bulls 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 $109.41 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 Oct 31, 2024 which is in 41 days.
How were MGP Ingredients’s earnings last quarter?
MGP Ingredients released its earnings results on Aug 01, 2024. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.542 by $0.168.
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 0.57%. See more information on MGP Ingredients dividends here
What is MGP Ingredients’s EPS estimate?
MGP Ingredients’s EPS estimate is $1.45.
How many shares outstanding does MGP Ingredients have?
MGP Ingredients has 21,988,495 shares outstanding.
What happened to MGP Ingredients’s price movement after its last earnings report?
MGP Ingredients reported an EPS of $1.71 in its last earnings report, beating expectations of $1.542. Following the earnings report the stock price went up 5.562%.
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 53M.
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MGP Ingredients Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$110.67 (31.37% Upside)
$110.67 (31.37% Upside)
Blogger Sentiment
Bullish
MGPI Sentiment 66%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 421.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $251.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-20.81%
12-Months-Change
Fundamentals
Return on Equity
11.27%
Trailing 12-Months
Asset Growth
2.79%
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
Q2 2024
0:00 / 0:00
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MGPI Stock 12 Month Forecast
Average Price Target
$110.67
▲(31.37% Upside)
Technical Analysis
Best Analysts Covering MGPI
1 Year
1 Year Success Rate
12/22 ratings generated profit
1 Year Average Return
+11.05%
assigned a buy rating 2 months ago
Copying Ben Klieve's trades and holding each position for 1 Year would result in 54.55% of your transactions generating a profit, with an average return of +11.05% per trade.
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