Wells Fargo & Company Lowers MGP Ingredients (NASDAQ:MGPI) Price Target to $24.00

MGP Ingredients (NASDAQ:MGPI) had its price target dropped by analysts at Wells Fargo & Company from $29.00 to $24.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 22.51% from the stock’s previous close.

A number of other research analysts have also weighed in on MGPI. TD Cowen decreased their price target on shares of MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Zacks Research cut MGP Ingredients from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of MGP Ingredients in a research report on Thursday, January 22nd. Benchmark began coverage on MGP Ingredients in a report on Thursday, January 22nd. They set a “buy” rating and a $35.00 target price on the stock. Finally, Wall Street Zen lowered MGP Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.60.

MGP Ingredients Price Performance

Shares of NASDAQ:MGPI traded down $0.75 during trading on Thursday, reaching $19.59. 219,687 shares of the company’s stock traded hands, compared to its average volume of 255,420. The company has a quick ratio of 0.69, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. MGP Ingredients has a fifty-two week low of $19.25 and a fifty-two week high of $35.49. The company has a 50-day simple moving average of $24.84 and a 200-day simple moving average of $25.47. The firm has a market cap of $417.07 million, a PE ratio of -29.17 and a beta of 0.42.

MGP Ingredients (NASDAQ:MGPI) last announced its earnings results on Wednesday, February 25th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.14. MGP Ingredients had a positive return on equity of 9.65% and a negative net margin of 2.56%.The business had revenue of $138.32 million during the quarter, compared to the consensus estimate of $132.84 million. During the same period in the prior year, the company posted $1.57 EPS. The business’s quarterly revenue was down 23.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, analysts predict that MGP Ingredients will post 5.56 earnings per share for the current year.

Insider Activity

In other MGP Ingredients news, Director Karen Seaberg sold 81,616 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $25.84, for a total value of $2,108,957.44. Following the sale, the director directly owned 35,285 shares in the company, valued at $911,764.40. This trade represents a 69.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 304,535 shares of company stock worth $7,509,168. 34.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MGP Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new stake in MGP Ingredients during the 1st quarter worth $735,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in MGP Ingredients by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,446 shares of the company’s stock valued at $248,000 after buying an additional 390 shares during the last quarter. Millennium Management LLC lifted its stake in MGP Ingredients by 116.6% in the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock valued at $10,571,000 after buying an additional 193,660 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of MGP Ingredients by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 158,879 shares of the company’s stock valued at $4,668,000 after acquiring an additional 14,501 shares during the period. Finally, CWM LLC grew its position in shares of MGP Ingredients by 102.1% during the second quarter. CWM LLC now owns 4,145 shares of the company’s stock worth $124,000 after acquiring an additional 2,094 shares during the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.

Key Stories Impacting MGP Ingredients

Here are the key news stories impacting MGP Ingredients this week:

• Positive Sentiment: Q4 EPS and revenue beat analyst estimates (EPS $0.63 vs. $0.49 consensus; revenue $138.3M vs. ~$132.8M), demonstrating operating resilience despite year-over-year declines. MGP (MGPI) Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Board declared a $0.12 quarterly dividend (payable Mar 27), which supports income investors and indicates confidence in cash flow. MGP Ingredients Declares $0.12 Quarterly Dividend
• Neutral Sentiment: Company provided an earnings presentation and held a conference call with supplemental slides — useful for investors parsing segment details and management commentary. MGP Ingredients, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Analyst/press summaries and earnings highlights provide quick context on the beat and the negatives (YoY revenue decline; margin pressure). Useful for fast fact-checking. MGP Ingredients Inc (MGPI) Q4 2025 Earnings Call Highlights
• Negative Sentiment: FY2026 guidance was well below street expectations: EPS $1.50–1.80 (consensus ~2.51) and revenue $480M–$500M (consensus ~$519.6M). The guidance shortfall is the primary driver of downward price pressure. MGP Ingredients beats estimates but guides below expectations
• Negative Sentiment: Management outlined a $480M–$500M sales outlook tied to strategic portfolio rationalization — investors worry about near-term top-line contraction and the timing of benefits from the portfolio reshaping. MGP Ingredients outlines $480M-$500M sales outlook for 2026 as strategic portfolio rationalization advances
• Negative Sentiment: Market commentary and stock reaction pieces synthesize the beat-plus-guidance story and explain the sharp negative market move. These explain why sentiment turned quickly negative after the release. Why MGP Ingredients, Inc.’s (MGPI) Stock Is Down 20.34%
• Neutral Sentiment: Coverage comparing MGPI to peers (e.g., Constellation Brands) provides context on industry trends and relative valuation but is not the primary driver of today’s move. Analyzing Constellation Brands (NYSE:STZ) and MGP Ingredients (NASDAQ:MGPI)
• Positive Sentiment: Brand activity (Yellowstone Recollection Bourbon release) highlights ongoing commercialization and marketing support for core spirits brands. Yellowstone Revives Its Back Bar Bottle with Recollection Bourbon

MGP Ingredients Company Profile

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.