Added to YB: 2026-10-09
Pitch date: 2026-10-06
MGPI [bullish]
MGP Ingredients, Inc.
+18.19%
current return
Author Info
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Company Info
MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients worldwide.
Market Cap
$278.8M
Pitch Price
$13.03
Price Target
26.00 (+69%)
Dividend
3.69%
EV/EBITDA
6.53
P/E
-1.16
EV/Sales
1.28
Sector
Beverages
Category
turnaround
MGP Ingredients (MGPI) - The Hangover After the Whiskey Boom
MGPI (overview): MGP Ingredients trades at 0.74x tangible book after the whiskey downturn drove sales declines, excess inventories and more than $400m of impairments. Premium-plus branded sales rose 5% in 2Q26, while production cuts and distributor changes support stabilization. If the projected recovery plays out, a 1x 2028 tangible-book scenario implies $26 including dividends, or 102% upside, but historically high whiskey inventories, peak leverage and a potential November 2026 debt put make normalization uncertain.
Read full article (6 min)