MGP IngredientsNASDAQ: MGPI

Highly-anticipated award-winning annual release delivers a rich and rebellious flavor ST. LOUIS , June 3, 2024 /PRNewswire/ -- Lux Row Distillers® announced the introduction of Rebel® 10-Year Single Barrel Bourbon, meticulously aged and hand bottled independently at 100 proof (50% ABV) for a unique flavor profile specific to each batch.

Enhanced barrel programs for Remus Bourbon and Rossville Rye showcase the depth and breadth of the distillery's collection of high-rye bourbon and rye whiskey ST. LOUIS , May 29, 2024 /PRNewswire/ -- The historic Lawrenceburg, Indiana-based Ross & Squibb Distillery announced enhancements to its Remus Straight Bourbon Whiskey and Rossville Union Straight Rye Whiskey Single Barrel programs for 2024.

MGP Ingredients, Inc. (NASDAQ: MGPI) will be hosting its Q1 2024 Results Conference Call on May 2, 2024 at 10:00 AM ET. Company representatives include Mike Houston, David Bratcher, and Brandon Gall. Participants on the call include Gerald Pascarelli, Marc Torrente, Sean McGowan, Bill Chappel, Ben Klieve, Mitchell Pinheiro, and Robert Moskow. The conference call will be moderated by Mike Houston.

MGP (MGPI) reported earnings of $1.07 per share for the quarter, surpassing the Zacks Consensus Estimate of $1 per share. This is lower than the earnings of $1.39 per share reported in the same quarter last year.

MGP Ingredients, Inc. (MGPI) Q4 2023 Earnings Call Transcript

ATCHISON, Kan., Feb. 08, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the fourth quarter and full year ended December 31, 2023, on Thursday, February 22, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning.

MGP Ingredients has shown strong revenue growth and expanding margins over the last four years. In 3Q23, all of its business segments have shown year-over-year improvement, contributing to consolidated revenue growth. Management plans to shift away from white goods, coupled with the benefit of the extension of the EU tax tariff, are anticipated to bolster profitability and the growth outlook.

The heavy selling pressure might have exhausted for MGP (MGPI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Investors with an interest in Food - Miscellaneous stocks have likely encountered both MGP (MGPI) and Nestle SA (NSRGY). But which of these two stocks presents investors with the better value opportunity right now?