Lake Street Reaffirms Their Buy Rating on MGP Ingredients (MGPI)

In a report released today, Ben Klieve from Lake Street reiterated a Buy rating on MGP Ingredients (MGPI – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $29.47.

Protect Your Portfolio Against Market Uncertainty

• Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
• Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.

According to TipRanks, Klieve is a 4-star analyst with an average return of 2.7% and a 42.46% success rate. Klieve covers the Consumer Defensive sector, focusing on stocks such as MGP Ingredients, Vital Farms, and Lifeway Foods.

Currently, the analyst consensus on MGP Ingredients is a Strong Buy with an average price target of $37.60, implying a 27.59% upside from current levels. In a report released on April 23, Truist Financial also maintained a Buy rating on the stock with a $35.00 price target.

Based on MGP Ingredients’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $180.8 million and a GAAP net loss of $41.96 million. In comparison, last year the company earned a revenue of $214.89 million and had a net profit of $31.07 million

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGPI in relation to earlier this year. Most recently, in March 2025, Todd B. Siwak, a Director at MGPI sold 653.00 shares for a total of $20,027.51.