Roth Capital cuts target for MGP Ingredients stock to USD 30.00
Published on 10/17/2026 at 22:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- On October 16, 2026, Roth Capital lowered its MGP Ingredients target to USD 30.00 from USD 32.00.
- Second-quarter 2026 sales fell 15.00 percent, while Distilling Solutions sales fell 42.00 percent.
- MGP Ingredients stock last traded at USD 15.12 on October 16, 2026 at 4:00 p.m. ET, down 1.82 percent on Nasdaq.
- MGP Ingredients had a market capitalization of USD 323.8 million as of October 16, 2026.
Roth Capital lowered its price target for MGP Ingredients (ISIN US55303J1060) to USD 30.00 from USD 32.00 on October 16, 2026, while keeping a Buy rating. Markets Insider reported that the revised target stood 98.41 percent above the last Nasdaq price. MGP Ingredients stock last traded at USD 15.12 on October 16, 2026 at 4:00 p.m. ET, down 1.82 percent from the prior Nasdaq close.
Second-quarter sales fell 15.00 percent
The latest operating picture remains centered on weaker spirits demand. The Spirits Business reported that total sales fell 15.00 percent in the second quarter of 2026, while Distilling Solutions sales dropped 42.00 percent. Premium-plus sales grew 5.00 percent in the same quarter, and Penelope Bourbon sales increased 13.00 percent.
Stock sits 43.52 percent below its high
The Nasdaq price stood 21.74 percent above its 52-week low of USD 12.42 and 43.52 percent below its 52-week high of USD 26.77 on October 16, 2026. Trading volume was 235,590 shares, compared with an average volume of 237,650 shares.
Market value and October 28 results
MGP Ingredients had a market capitalization of USD 323.8 million on October 16, 2026. Its next scheduled reporting date is October 28, 2026, when the company plans to publish third-quarter results and hold its earnings conference call at 10:00 a.m. ET, according to the MGP Ingredients investor-relations page.
Business identity changes in November
The company had announced plans to rebrand as Sempreon on October 15, 2026, with the change scheduled for November 2, 2026, according to The Spirits Business. The investor-relations page identifies MGP Ingredients as a Nasdaq-listed company operating across Branded Spirits, Distilling Solutions and Ingredient Solutions.
Nasdaq listing and valuation
MGP Ingredients operates in the consumer defensive sector and the beverages and distilleries industry. The company combines branded alcoholic beverages with bulk spirits and specialty food ingredients, leaving the October 28 results as the next dated test for sales trends and operating performance.
MGP Ingredients stock facts
- Company: MGP Ingredients, Inc.
- ISIN: US55303J1060
- Ticker: MGPI
- Primary exchange: Nasdaq
- Last Nasdaq price (as of October 16, 2026, 4:00 p.m. ET): USD 15.12
- Change on Nasdaq: minus 1.82 percent
- Market capitalization: USD 323.8 million (as of October 16, 2026)
- 52-week range: USD 12.42-26.77 (as of October 16, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Wineries and Distilleries
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
