Bullish indicating open at $55-$60, IPO prices at $37
Caroline Lux Kaplan, a significant stakeholder of MGP Ingredients Inc. (NASDAQ:MGPI), has recently executed two notable stock sales amid the company’s challenging year, with shares down nearly 59% over the past 12 months. On May 9, Kaplan sold 13,731 shares at a weighted average price of $33.0989. Shortly after, on May 12, she sold an additional 32,500 shares at an average price of $33.4109. These transactions, carried out by trusts under her management, totaled approximately $1.54 million. Following these sales, Kaplan retains indirect ownership of 590,958 shares through the Lux 2005 Caroline Trust. The stock currently trades at a P/E ratio of 66.4, though InvestingPro analysis suggests the stock may be undervalued, with 12+ additional exclusive insights available to subscribers.
In other recent news, MGP Ingredients reported mixed financial results for the first quarter of 2025, with earnings per share (EPS) of $0.36 missing the forecast of $0.38, but revenue exceeding expectations at $121.7 million, surpassing the anticipated $119.82 million. Despite the EPS shortfall, the company experienced a notable 29% decrease in consolidated sales and a 46% drop in adjusted EBITDA compared to the previous year. MGP Ingredients also reported a net loss of $3.1 million, contrasting with its previous profitable quarters. Nevertheless, the company reaffirmed its 2025 guidance, expecting net sales between $520 million and $540 million, adjusted EBITDA of $105 million to $115 million, and adjusted EPS of $2.45 to $2.75. The company continues to focus on its Premium Plus portfolio and product innovations, particularly within its Branded Spirits and Ingredient Solutions segments. Analysts and investors have noted the company’s strategic initiatives to stabilize its brown goods business and enhance its branded spirits and ingredients offerings. The firm is also taking proactive measures to de-risk its brown goods business amid industry-wide declines in whiskey production.
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