MGP Ingredients Inc (NASDAQ:MGPI) has earned an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $87.33.
A number of research firms have recently weighed in on MGPI. Craig Hallum reissued a “buy” rating and issued a $105.00 price objective (up previously from $90.00) on shares of MGP Ingredients in a research report on Monday, January 29th. Zacks Investment Research lowered shares of MGP Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus began coverage on shares of MGP Ingredients in a research report on Tuesday, December 5th. They issued a “hold” rating and a $73.00 price objective for the company. SunTrust Banks reissued a “buy” rating on shares of MGP Ingredients in a research report on Friday, November 3rd. Finally, BidaskClub lowered shares of MGP Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th.
In related news, Director Karen Seaberg sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $73.90, for a total transaction of $1,478,000.00. Following the completion of the transaction, the director now owns 10,591 shares of the company’s stock, valued at $782,674.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen J. Glaser sold 5,800 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $74.92, for a total transaction of $434,536.00. Following the transaction, the vice president now directly owns 17,080 shares of the company’s stock, valued at approximately $1,279,633.60. The disclosure for this sale can be found here. Insiders own 23.50% of the company’s stock.
MGP Ingredients (NASDAQ MGPI) opened at $86.54 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.45 and a quick ratio of 1.54. The firm has a market cap of $1,450.00, a P/E ratio of 39.70, a PEG ratio of 2.67 and a beta of 1.01. MGP Ingredients has a 52-week low of $42.80 and a 52-week high of $90.34.
MGP Ingredients Company Profile
MGP Ingredients, Inc is a producer and supplier of distilled spirits, and specialty wheat protein and starch food ingredients. The Company’s distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company’s segments include distillery products and ingredient solutions.
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