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MGP Ingredients, Inc. (NASDAQ: MGPI) Securities Fraud Investigation

On October 17, 2024, MGP Ingredients revised its full year 2024 guidance and released its preliminary financial results for the third quarter ended September 30, 2024. In the results, MGP Ingredients revealed that the company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023, and that the company “now expects financial results to be below the expectations confirmed during its second quarter conference call held on August 1, 2024.” 

On this news, the price of MGP shares declined by $19.71, or approximately 24.16%, from $81.57 per share on October 17, 2024, to close at $61.86 per share on October 18, 2024.

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  

Complete this form with your transactions in MGP Ingredients, Inc. 
 securities between February 22, 2024 and October 17, 2024.

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