Wells Fargo cuts target to USD 17.00 for MGP Ingredients stock

Published on 10/15/2026 at 21:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 14.50 percent to USD 124.36 million in the second quarter. MGP Ingredients stock costs EUR 13.75 on October 15, 2026, up 5.96 percent on Nasdaq.

Analyst view and earnings date

Wells Fargo cut its MGP Ingredients target from USD 22.00 to USD 17.00 on October 5, 2026.
Second-quarter revenue fell 14.50 percent to USD 124.36 million.
MGP Ingredients stock costs EUR 13.75 at Lang & Schwarz on October 15, 2026 at 8:51 p.m. CEST, up 5.96 percent on Nasdaq.
MGP Ingredients plans to report third-quarter 2026 results on October 28, 2026.

MGPI, US55303J1060, Illustration mit AI erstellt.

Wells Fargo cut its price target for MGP Ingredients from USD 22.00 to USD 17.00 on October 5, 2026, while keeping an Overweight rating, according to MarketBeat. Against the Nasdaq quote of USD 15.47 on October 15, 2026, the new target stood 9.89 percent higher. MGP Ingredients stock was trading at EUR 13.75 at Lang & Schwarz on October 15, 2026 at 8:51 p.m. CEST, up 5.96 percent on Nasdaq.

Revenue pressure remains visible

For the second quarter of 2026, MGP Ingredients reported revenue of USD 124.36 million, down 14.50 percent from the year-earlier period, according to MarketBeat. The same report said quarterly earnings per share reached USD 0.72 against a USD 0.49 consensus estimate. Revenue therefore remains the clearer pressure point than the quarterly earnings comparison.

Stock stays above its yearly low

The Nasdaq quote placed MGP Ingredients at USD 15.47 on October 15, 2026 at 3:00 p.m. EDT. That was 24.56 percent above the 52-week low of USD 12.42 and 42.21 percent below the 52-week high of USD 26.77. Trading volume reached 218,425 shares against an average of 232,520.

Valuation and the next report

The market capitalization was USD 331.3 million on October 15, 2026, with a price-to-earnings ratio of minus 1.37. The next scheduled company event is the third-quarter 2026 results release on October 28, 2026, before the Nasdaq open, followed by a 10:00 a.m. ET conference call, according to Business Wire.

Comparison with peers

MGP Ingredients (Nasdaq, USD): daily change 5.96 percent, P/E minus 1.37, market capitalization USD 331.3 million.
Brown-Forman (NYSE, USD): daily change 1.59 percent, P/E 18.79, market capitalization USD 13.3 billion.
Constellation Brands (NYSE, USD): daily change 1.81 percent, P/E 11.64, market capitalization USD 21.9 billion.

Price remains the daily anchor

The latest euro quote gives German investors a higher intraday indication than the prior Nasdaq session, while the US listing remains 42.21 percent below its 52-week high. The next material date is October 28, 2026, when management is scheduled to discuss the third-quarter figures.

The further course of trading is shown by the continuously updated real-time quote of MGP Ingredients stock.