MGP Ingredients launches MGP brand and MGP Ingredients stock loses 1.72 percent

Published on 10/01/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue fell 14.50 percent to USD 124.36 million, below USD 125.16 million. MGP Ingredients stock costs EUR 11.45 on October 1, 2026 after EUR 11.65.

MGPI, US55303J1060, Illustration mit AI erstellt.

MGP Ingredients (US55303J1060) was trading at EUR 11.45 at Lang & Schwarz on October 1, 2026 at 4:39 p.m. CEST, down 1.72 percent versus the prior close of EUR 11.65 on September 30, 2026. On September 9, 2026, Marketscreener reported that MGP Ingredients announced its first namesake MGP spirits brand, beginning with a limited-edition 10-year-old bourbon.

A namesake brand enters the portfolio

The MGP Chapter One: Out of the Shadows release marks the first time the company has placed the MGP name directly on a consumer spirits product. The 111-proof bourbon is based on a 10-year-old blend and carries a suggested retail price of USD 69.99 per 750-milliliter bottle, according to Marketscreener. The launch gives MGP a direct consumer story alongside its established role as a supplier to other spirits brands.

Revenue pressure meets an earnings beat

MGP Ingredients reported second-quarter 2026 revenue of USD 124.36 million, down 14.50 percent from the same quarter a year earlier and below the USD 125.16 million consensus estimate, according to MarketBeat. Reported earnings per share reached USD 0.72 versus USD 0.49 expected, while the prior-year figure was USD 0.97. MGP Ingredients set fiscal 2026 earnings-per-share guidance at USD 1.50 to USD 1.80.

The contrast is important: earnings exceeded expectations by USD 0.23, but revenue declined 14.50 percent year over year. That combination leaves the new brand as a growth initiative while the core business still faces weaker sales momentum.

Analysts see a wide valuation gap

MarketBeat reported on September 10, 2026 that six brokerages had a consensus Hold rating, with three Buy ratings, two Hold ratings and one Sell rating. The average 12-month target was USD 27.25, while Wells Fargo had raised its target from USD 21.00 to USD 22.00 and TD Cowen from USD 18.00 to USD 20.00 in notes dated July 30, 2026.

MGPI remains near its yearly low

On Nasdaq, MGPI was last quoted at USD 12.83 at 10:52 a.m. EDT on October 1, 2026, with a USD 12.50 to USD 26.77 52-week range and a market capitalization of USD 274.7 million. The Nasdaq quotation provides a separate U.S. market reference from the euro price used above.