MGP Ingredients (MGPI) Stock Overview
Produces and supplies distilled spirits, branded spirits, and food ingredients worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
MGPI Community Fair Values
Create NarrativeSee what 51 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$40
FV
57.2% undervalued intrinsic discount5.3k
users have viewed this narrative10users have liked this narrative
7users have commented on this narrative
37users have followed this narrative
MGP Ingredients, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.13 |
| 52 Week High | US$33.38 |
| 52 Week Low | US$15.72 |
| Beta | 0.46 |
| 1 Month Change | -6.29% |
| 3 Month Change | -7.90% |
| 1 Year Change | -42.54% |
| 3 Year Change | -83.88% |
| 5 Year Change | -74.04% |
| Change since IPO | 239.77% |
Recent News & Updates
Narrative Update • Jun 23
MGPI: 2026 Production Reset Is Expected To Unlock Long-Term Upside
Analysts recently trimmed their price target on MGP Ingredients by $2, citing updated assumptions for revenue growth, profit margins, and future P/E multiples that are reflected in their latest models. What’s in the News for MGP Ingredients MGP Ingredients announced a limited edition Remus Lou Gehrig Reserve Bourbon from its Ross & Squibb Distillery, featuring a 109 proof expression, 4 mash bills tied to Gehrig’s No. 4 jersey, and a release of 9,665 bottles nationwide, according to product launch details.
Narrative Update • Jun 09
MGPI: Branded Spirits Execution Will Drive Re Rating As Network Expands
Analysts have trimmed their price target on MGP Ingredients by $2 to reflect updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Remus Bourbon, produced by MGP's Ross & Squibb Distillery, launched a limited Remus Lou Gehrig Reserve Bourbon, with 9,665 bottles tied to Lou Gehrig's career plate appearances and a proof of 109 that references his 1926 season, source: company product announcement.Seeking Alpha • Jun 05
MGP Ingredients: U.S. Dependency Works Both Ways
Summary MGP Ingredients is rated a long-term buy, offering discounted valuation and valuable distilling assets despite near-term operational headwinds. MGPI faces acute pressure from American whiskey oversupply, leading to distillery closures, significant sales declines, and inventory-driven downturns. The balance sheet remains healthy with deleveraging and a strong current ratio, but equity and cash have contracted due to impairments and weaker performance. Key risk is prolonged weak growth and inventory cycle exposure, but recovery in U.S. whiskey demand could catalyze rerating. Read the full article on Seeking AlphaNarrative Update • May 26
MGPI: Fair Outlook Weighs 2026 Industry Reset Against Longer Recovery Path
Narrative Update Analysts have trimmed their price targets on MGP Ingredients by $2 to $22 and by $9 to $32, citing 2026 guidance that signals another tough year for the industry. This comes even as recent quarterly results came in ahead of expectations and current valuation is seen by some as overstating the level of risk.
Narrative Update • May 05
MGPI: Distilled Down to Value - Post-Earnings Review
Originally posted here: https://www.woodworth.fund/news/mgpi-distilled-down-to-value MGP Ingredients looks more interesting after earnings than the headline loss suggests. The quarter was messy, but bottom-line adjusted profits of $0.15/share were overshadowed by non-cash accounting adjustments and write-downs ($6.45/share).Recent updates
Narrative Update • Jun 23
MGPI: 2026 Production Reset Is Expected To Unlock Long-Term Upside
Analysts recently trimmed their price target on MGP Ingredients by $2, citing updated assumptions for revenue growth, profit margins, and future P/E multiples that are reflected in their latest models. What’s in the News for MGP Ingredients MGP Ingredients announced a limited edition Remus Lou Gehrig Reserve Bourbon from its Ross & Squibb Distillery, featuring a 109 proof expression, 4 mash bills tied to Gehrig’s No. 4 jersey, and a release of 9,665 bottles nationwide, according to product launch details.Narrative Update • Jun 09
MGPI: Branded Spirits Execution Will Drive Re Rating As Network Expands
Analysts have trimmed their price target on MGP Ingredients by $2 to reflect updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Remus Bourbon, produced by MGP's Ross & Squibb Distillery, launched a limited Remus Lou Gehrig Reserve Bourbon, with 9,665 bottles tied to Lou Gehrig's career plate appearances and a proof of 109 that references his 1926 season, source: company product announcement.Seeking Alpha • Jun 05
MGP Ingredients: U.S. Dependency Works Both Ways
Summary MGP Ingredients is rated a long-term buy, offering discounted valuation and valuable distilling assets despite near-term operational headwinds. MGPI faces acute pressure from American whiskey oversupply, leading to distillery closures, significant sales declines, and inventory-driven downturns. The balance sheet remains healthy with deleveraging and a strong current ratio, but equity and cash have contracted due to impairments and weaker performance. Key risk is prolonged weak growth and inventory cycle exposure, but recovery in U.S. whiskey demand could catalyze rerating. Read the full article on Seeking AlphaNarrative Update • May 26
MGPI: Fair Outlook Weighs 2026 Industry Reset Against Longer Recovery Path
Narrative Update Analysts have trimmed their price targets on MGP Ingredients by $2 to $22 and by $9 to $32, citing 2026 guidance that signals another tough year for the industry. This comes even as recent quarterly results came in ahead of expectations and current valuation is seen by some as overstating the level of risk.Narrative Update • May 05
MGPI: Distilled Down to Value - Post-Earnings Review
Originally posted here: https://www.woodworth.fund/news/mgpi-distilled-down-to-value MGP Ingredients looks more interesting after earnings than the headline loss suggests. The quarter was messy, but bottom-line adjusted profits of $0.15/share were overshadowed by non-cash accounting adjustments and write-downs ($6.45/share).Narrative Update • May 03
MGPI: Fair Outlook Balances Margin Reset With Longer Recovery Timeline
Analysts have trimmed the fair value estimate for MGP Ingredients to $20 from $24 as lower profit margin assumptions and tempered multi year growth expectations now outweigh solid recent results and a higher future P/E multiple in their price target work. Analyst Commentary Recent Street research points to a more cautious tone around MGP Ingredients, even as quarterly results have aligned with or exceeded expectations.
Narrative Update • Apr 18
MGPI: Q4 Beat And Idling Plan Will Support Post 2026 Rebound
Analysts have trimmed their average price target on MGP Ingredients by $2, to reflect 2026 guidance that points to another tough year for the industry and a slower path to year over year improvement, even as recent results topped expectations and some see current valuation as overstating risk. Analyst Commentary Street research on MGP Ingredients reflects a mixed setup, with guidance pointing to another challenging year while some bullish analysts highlight execution on recent results and room for the shares to re-rate as conditions eventually improve.Narrative Update • Apr 04
MGPI: Branded Spirits Execution Will Drive Re Rating As Industry Reset Unfolds
Analysts have trimmed MGP Ingredients' average price target to about $28.80. This reflects cautious views on the company's 2026 outlook and broader industry headwinds, even after recent quarterly results came in ahead of expectations.Narrative Update • Mar 21
MGPI: Branded Spirits Execution And Industry Reset Will Support Future Re Rating
The updated analyst price target for MGP Ingredients moves down by $6 to reflect lower estimated fair value and profit margin, even as analysts acknowledge that recent quarterly results came in ahead of expectations, while medium-term industry headwinds persist. Analyst Commentary Recent Street research on MGP Ingredients reflects a mixed setup, with analysts weighing better than expected quarterly execution against a tougher industry outlook and reduced valuation assumptions into 2026.Narrative Update • Mar 05
MGPI: Q4 Outperformance Will Support Recovery After Expected 2026 Industry Weakness
Narrative Update on MGP Ingredients The analyst price target for MGP Ingredients has been reset from $45 to $35 as analysts factor in a higher required return, a fair value cut, and caution around the industry's 2026 outlook, even after recent quarterly results came in ahead of expectations. Analyst Commentary Recent research paints a mixed but constructive picture, with analysts balancing caution on the 2026 industry outlook against company specific execution and valuation support.Narrative Update • Feb 19
MGPI: Branded Spirits Focus And Margin Resilience Will Support Future Re Rating
Analysts have inched their fair value estimate for MGP Ingredients up by $0.05 to $34.80, reflecting updated views on a tougher revenue outlook, a slightly higher discount rate, improved profit margin expectations, and recent Street research that includes both a lower $24 price target from TD Cowen and fresh Buy initiations highlighting the company’s response to current challenges. Analyst Commentary Street research on MGP Ingredients currently reflects a mix of optimism about the company’s response to its challenges and caution around the broader consumer staples setup through 2026.Narrative Update • Feb 05
MGPI: Future Outlook Weighs Lower Price View Against Execution Risks
Analysts have trimmed their fair value estimate for MGP Ingredients to US$24 from US$27, reflecting updated views on softer expected revenue growth, a slightly higher profit margin outlook, and a lower future P/E multiple as they reassess consumer staples into 2026. Analyst Commentary Recent Street research signals a more cautious tone on MGP Ingredients, with some bearish analysts trimming expectations and reassessing the risk and reward trade off.Narrative Update • Jan 22
MGPI: Business Review And Branded Spirits Focus Will Support Future Re Rating
Narrative update on MGP Ingredients The updated analyst price target for MGP Ingredients moves lower from US$35.50 to US$34.75. This reflects analysts' more cautious consumer staples outlook, including expectations for muted pricing and limited volume improvement, while still recognizing incremental gains in projected profit margin and a slightly lower future P/E assumption.Narrative Update • Jan 08
MGPI: Business Review And Portfolio Moves Will Support Future Re-Rating
Analysts have trimmed their fair value estimate for MGP Ingredients from about US$39.00 to roughly US$35.50, citing lower price targets such as the recent cut to US$27.00, along with updated views on revenue trends, margins and future P/E multiples following management’s latest guidance and ongoing business review. Analyst Commentary Bullish Takeaways Bullish analysts point to the 3Q results beating consensus as evidence that execution against current expectations is holding up, which they see as supportive of maintaining valuation near revised fair value ranges.Narrative Update • Dec 13
MGPI: Future Outlook Balances Lower Price View And Business Review Benefits
Analysts have lowered their price target on MGP Ingredients to $27 from $30, reflecting a more cautious valuation despite better than expected Q3 results, higher 2025 guidance, and anticipated benefits from the ongoing strategic review of the Branded Spirits and Ingredient Solutions businesses. Analyst Commentary Bearish analysts are signaling a more guarded stance on MGP Ingredients, cutting price targets despite operational outperformance and higher forward guidance.Analysis Article • Dec 10
Weekly Picks: 🥃 A bruised bourbon maker ready for a rebound
We cover MGP Ingredients, Vertical Aerospace and Oracle this week.Analysis Article • Dec 10
Weekly Picks: 🥃 A bruised bourbon maker ready for a rebound
We cover MGP Ingredients, Vertical Aerospace and Oracle this week.Analysis Article • Dec 06
MGP Ingredients, Inc.'s (NASDAQ:MGPI) Price Is Right But Growth Is Lacking
MGP Ingredients, Inc.'s ( NASDAQ:MGPI ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now...Analysis Article • Nov 01
MGP Ingredients (NASDAQ:MGPI) Has Affirmed Its Dividend Of $0.12
MGP Ingredients, Inc. ( NASDAQ:MGPI ) has announced that it will pay a dividend of $0.12 per share on the 28th of...Analysis Article • Aug 04
MGP Ingredients (NASDAQ:MGPI) Is Due To Pay A Dividend Of $0.12
MGP Ingredients, Inc.'s ( NASDAQ:MGPI ) investors are due to receive a payment of $0.12 per share on 29th of August...Analysis Article • Jul 24
Does MGP Ingredients (NASDAQ:MGPI) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 03
Is There An Opportunity With MGP Ingredients, Inc.'s (NASDAQ:MGPI) 40% Undervaluation?
Key Insights The projected fair value for MGP Ingredients is US$54.94 based on 2 Stage Free Cash Flow to Equity MGP...Analysis Article • May 09
Some May Be Optimistic About MGP Ingredients' (NASDAQ:MGPI) Earnings
The market was pleased with the recent earnings report from MGP Ingredients, Inc. ( NASDAQ:MGPI ), despite the profit...Analysis Article • May 04
MGP Ingredients (NASDAQ:MGPI) Is Due To Pay A Dividend Of $0.12
The board of MGP Ingredients, Inc. ( NASDAQ:MGPI ) has announced that it will pay a dividend on the 30th of May, with...Analysis Article • May 03
Investors Aren't Buying MGP Ingredients, Inc.'s (NASDAQ:MGPI) Revenues
When you see that almost half of the companies in the Beverage industry in the United States have price-to-sales ratios...Seeking Alpha • Mar 05
MGP Ingredients: Recent Fall Could Be An Attractive Long-Term Opportunity
Summary MGPI share price has fallen roughly 73% off their recent high of $123.54 in August of 2023. A CEO resignation, notable facility closure, shift to higher margin business, and industry-wide decline in brown-goods business has clouded the picture. I believe the steep decline in share price represents an opportunity for long-term investors. MGPI pre-announced Q3 '24 earnings on October 17, 2024, vocalizing an unexpected drop in brown-goods demand / decrease in focus, which saw shares trade sharply lower. In the recently released Q4 '24's earnings, management noted that trends are likely to continue into 2025, resulting in continued pressure on share price. Read the full article on Seeking AlphaAnalysis Article • Feb 05
Is MGP Ingredients (NASDAQ:MGPI) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Jan 17
MGP Ingredients: Prolonged Spirit Industry Weakness Drags Outlook
Summary The spirit industry's lower demand has prolonged, and US consumption is now not expected to return to notable growth, with young adults increasingly not drinking alcohol. MGP Ingredients' outlook past Q3 remains poor, with lowered production. The Distilling Solutions segment is expected to show a sharp decline in 2025 earnings. More positively, MGPI's premium spirit brands and the Ingredient Solutions segment are expected to return to profitable growth in 2025. The lower MGP stock price is a potentially attractive entry point, with my fair value estimate of $48.3. The increasing uncertainty still requires extra caution, though. Read the full article on Seeking AlphaShareholder Returns
| MGPI | US Beverage | US Market | |
|---|---|---|---|
| 7D | 4.2% | 1.0% | -2.7% |
| 1Y | -42.5% | 13.1% | 18.6% |
Return vs Industry: MGPI underperformed the US Beverage industry which returned 13.1% over the past year.
Return vs Market: MGPI underperformed the US Market which returned 18.6% over the past year.
Price Volatility
| MGPI volatility | |
|---|---|
| MGPI Average Weekly Movement | 5.0% |
| Beverage Industry Average Movement | 5.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MGPI has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MGPI's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1941 | 617 | Julie Francis | www.mgpingredients.com |
MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients worldwide. It operates in three segments: Distillery Solutions, Branded Spirits, and Ingredient Solutions. The Distillery Solutions segment processes corn and other grains, including rye, barley, wheat, barley malt, and milo into food grade alcohol and distillery co-products, such as dried distillers’ grain; and offers food-grade alcohol for beverage applications, that include bourbon, rye, and other whiskeys, as well as grain neutral spirits, including vodka and gin.
MGP Ingredients, Inc. Fundamentals Summary
| MGPI fundamental statistics | |
|---|---|
| Market cap | US$349.42m |
| Earnings (TTM) | -US$238.36m |
| Revenue (TTM) | US$521.15m |
0.7x
P/S Ratio-1.5x
P/E RatioIs MGPI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGPI income statement (TTM) | |
|---|---|
| Revenue | US$521.15m |
| Cost of Revenue | US$331.49m |
| Gross Profit | US$189.66m |
| Other Expenses | US$428.02m |
| Earnings | -US$238.36m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -11.15 |
| Gross Margin | 36.39% |
| Net Profit Margin | -45.74% |
| Debt/Equity Ratio | 42.3% |
How did MGPI perform over the long term?
See historical performance and comparisonDividends
2.8%
Current Dividend Yield-4%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/26 22:27 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MGP Ingredients, Inc. is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Klieve | Benchmark Company |
| Donald McLee | Berenberg |
| Alex Fuhrman | Craig-Hallum Capital Group LLC |