MGP Ingredients Inc. [MGPI] moved up 1.83: Why It’s Important


MGP Ingredients Inc. [NASDAQ: MGPI] surged by $1.67 during the normal trading session on Friday and reaching a high of $93.25 during the day while it closed the day at $93.14. The company report on May 19, 2022 that El Mayor Tequila unveils limited-edition Extra Añejo Port Cask Aged.

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The new ultra-premium tequila will be available nationwide starting in July.

The González family continues their extraordinary tequila-making tradition with their latest limited-edition offering: El Mayor Extra Añejo Port Cask Aged. The ultra-premium tequila is aged for 42 months in port casks and distilled from Blue Weber agave. Approximately 6,000 bottles will be available on an allocated basis, with a suggested retail price of $129.99 per 750-ml. bottle. Distilled and produced at Destiladora González Lux, the limited-edition tequila will be available nationwide in July.

MGP Ingredients Inc. stock has also gained 1.21% of its value over the past 7 days. However, MGPI stock has inclined by 11.72% in the 3 months of the year. Over the past six months meanwhile, it has gained 9.24% and gained 9.59% year-on date.

The market cap for MGPI stock reached $2.01 billion, with 21.99 million shares outstanding and 12.76 million shares in the current float. Compared to the average trading volume of 131.86K shares, MGPI reached a trading volume of 190697 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about MGP Ingredients Inc. [MGPI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGPI shares is $114.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGPI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Lake Street have made an estimate for MGP Ingredients Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 22, 2022. While these analysts kept the previous recommendation, Cowen raised their target price to Outperform. The new note on the price target was released on January 21, 2022, representing the official price target for MGP Ingredients Inc. stock. Previously, the target price had yet another raise from $80 to $100, while Truist kept a Buy rating on MGPI stock. On February 26, 2021, analysts increased their price target for MGPI shares from 50 to 65.

The Average True Range (ATR) for MGP Ingredients Inc. is set at 3.51, with the Price to Sales ratio for MGPI stock in the period of the last 12 months amounting to 2.82. The Price to Book ratio for the last quarter was 3.01, with the Price to Cash per share for the same quarter was set at 1.26. Price to Free Cash Flow for MGPI in the course of the last twelve months was 54.50 with Quick ratio for the last quarter at 1.60.

MGPI stock trade performance evaluation

MGP Ingredients Inc. [MGPI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.21. With this latest performance, MGPI shares dropped by -2.52% in over the last four-week period, additionally plugging by 9.24% over the last 6 months – not to mention a rise of 50.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGPI stock in for the last two-week period is set at 48.26, with the RSI for the last a single of trading hit 47.44, and the three-weeks RSI is set at 49.54 for MGP Ingredients Inc. [MGPI]. The present Moving Average for the last 50 days of trading for this stock 94.13, while it was recorded at 92.43 for the last single week of trading, and 80.95 for the last 200 days.

MGP Ingredients Inc. [MGPI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MGP Ingredients Inc. [MGPI] shares currently have an operating margin of +18.98 and a Gross Margin at +31.75. MGP Ingredients Inc.’s Net Margin is presently recorded at +14.46.

Return on Equity for this stock inclined to 19.97, with Return on Assets sitting at 12.63.

MGP Ingredients Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 4.70.

Earnings per share (EPS) analysis for MGP Ingredients Inc. [MGPI] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGPI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MGP Ingredients Inc. go to 15.00%.

MGP Ingredients Inc. [MGPI]: Insider Ownership positions

There are presently around $1,588 million, or 80.60% of MGPI stock, in the hands of institutional investors. The top three institutional holders of MGPI stocks are: RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC. with ownership of 3,740,373, which is approximately -0.116% of the company’s market cap and around 0.90% of the total institutional ownership; BLACKROCK INC., holding 2,141,651 shares of the stock with an approximate value of $199.47 million in MGPI stocks shares; and CHAMPLAIN INVESTMENT PARTNERS, LLC, currently with $130.53 million in MGPI stock with ownership of nearly -4.743% of the company’s market capitalization.

Positions in MGP Ingredients Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 90 institutional holders increased their position in MGP Ingredients Inc. [NASDAQ:MGPI] by around 945,884 shares. Additionally, 104 investors decreased positions by around 886,684 shares, while 38 investors held positions by with 15,212,254 shares. The mentioned changes placed institutional holdings at 17,044,822 shares, according to the latest SEC report filing. MGPI stock had 21 new institutional investments in for a total of 474,865 shares, while 27 institutional investors sold positions of 152,510 shares during the same period.