The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MGP Ingredients, Inc. ("MGP" or "the Company") (NASDAQ: MGPI) for violations of the securities laws.
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LOS ANGELES, CA / ACCESSWIRE / April 28, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against MGP Ingredients, Inc. ("MGP" or "the Company") (NASDAQ:MGPI) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
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MGP (Nasdaq: MGPI) has announced a new partnership with Republic National Distributing Company (RNDC) to exclusively represent its Green Hat Gin brand in Maryland and Washington, D.C. The announcement follows MGP's acquisition of DC-based New Columbia Distillers LLC in March 2020. Green Hat Gin is the latest addition to MGP's portfolio of award-winning brands, and is its only proprietary gin brand.
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Q1 2020 MGP Ingredients Inc Earnings Call
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of MGP Ingredients, Inc. (NASDAQ: MGPI) between August 2, 2018 and February 25, 2020, inclusive (the "Class Period") of the important April 28, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for MGP investors under the federal securities laws.
MGP (MGPI) delivered earnings and revenue surprises of 74.29% and 14.81%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against of of MGP Ingredients, Inc. ("MGP" or "the Company") (MGPI) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired MGP securities between August 2, 2018 and February 25, 2020, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/mgpi. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 28, 2020 to file lead plaintiff applications in securities class action lawsuits against MGP Ingredients, Inc. (NasdaqGS: MGPI), if they purchased the Company's shares between August 2, 2018 and February 25, 2020, inclusive (the "Class Period"). These actions are pending in the United States District Court for the District of Kansas.
Good morning everyone, and thank you for joining the MGP Ingredients conference call and webcast to discuss the company's financial results for the first-quarter 2020. The company's actual results could differ materially from any forward-looking statements made today, due to a number of factors including the risk factors described in the company's most recent annual and quarterly reports filed with the Securities and Exchange Commission.
ATCHISON, Kan., April 30, 2020 -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today reported.
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MGP (MGPI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Shares of MGP Ingredients (NASDAQ:MGPI) were unaffected at $40.99 after the company reported Q1 results.Quarterly Results Earnings per share rose 7.02% year over year to $0.61, which beat the estimate of $0.36.Revenue of $99,082,000 higher by 11.21% from the same period last year, which beat the estimate of $87,670,000.Guidance MGP Ingredients hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 30, 2020View more earnings on MGPITime: 12:02 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/mgpi/mediaframe/37102/indexr.htmlRecent Stock Performance 52-week high: $88.63Company's 52-week low was at $21.64Price action over last quarter: Up 43.93%Company Profile MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP is also a top producer of high-quality industrial alcohol for use in both food and non-food applications. It operates in two segments, Distillery Products and Ingredient Solutions. Distillery Products provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil; and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from Distillery products segment.See more from Benzinga * Recap: U.S. Xpress Enterprises Q1 Earnings * Recap: Visteon Q1 Earnings * Allegiance Bancshares: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
ATCHISON, Kan., April 30, 2020 -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today.