Bullish indicating open at $55-$60, IPO prices at $37
Following the sale, Mingus retains ownership of 26,796 shares of MGP Ingredients (NASDAQ:MGPI), held indirectly through a trust. Additionally, she holds 419 shares indirectly through her husband. This strategic move aligns with a structured plan, ensuring the transaction adheres to regulatory compliance while allowing Mingus to manage her investment portfolio effectively. According to InvestingPro analysis, MGPI currently appears undervalued, with strong fundamentals including a healthy current ratio of 5.91 and 16 consecutive years of dividend payments. For deeper insights into MGPI’s valuation and 8 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro. According to InvestingPro analysis, MGPI currently appears undervalued, with strong fundamentals including a healthy current ratio of 5.91 and 16 consecutive years of dividend payments. For deeper insights into MGPI’s valuation and 8 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
Following the sale, Mingus retains ownership of 26,796 shares of MGP Ingredients, held indirectly through a trust. Additionally, she holds 419 shares indirectly through her husband. This strategic move aligns with a structured plan, ensuring the transaction adheres to regulatory compliance while allowing Mingus to manage her investment portfolio effectively.
In other recent news, MGP Ingredients Inc. reported mixed financial results for the first quarter of 2025. The company posted earnings per share (EPS) of $0.36, which fell short of the $0.38 forecast, while revenue reached $121.7 million, surpassing the expected $119.82 million. Despite the earnings miss, the revenue beat was a positive sign for investors. The company experienced significant declines in sales and EBITDA, with consolidated sales dropping 29% and adjusted EBITDA falling 46% year-over-year. MGP Ingredients also reported a net loss of $3.1 million, contrasting with previous profitable quarters.
In terms of strategic initiatives, the company is focusing on its Premium Plus portfolio and product innovations to drive growth. Analysts noted that MGP Ingredients reaffirmed its 2025 guidance, projecting net sales between $520 million and $540 million, adjusted EBITDA of $105 million to $115 million, and adjusted basic EPS of $2.45 to $2.75. The company anticipates improvements in its Ingredient Solutions segment in the coming quarters. These developments come amid industry-wide challenges, including declines in whiskey production, which could impact future sales.
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