Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,439 shares of the company's stock after selling 27,309 shares during the quarter. Teacher Retirement System of Texas owned about 0.49% of Ingles Markets worth $6,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IMKTA. Allspring Global Investments Holdings LLC bought a new position in shares of Ingles Markets during the first quarter valued at $2,137,000. Janney Montgomery Scott LLC increased its position in Ingles Markets by 1.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,729 shares of the company's stock valued at $1,155,000 after buying an additional 286 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Ingles Markets by 22.9% during the fourth quarter. Millennium Management LLC now owns 69,306 shares of the company's stock valued at $4,466,000 after acquiring an additional 12,933 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ingles Markets by 6,448.6% during the first quarter. GAMMA Investing LLC now owns 11,984 shares of the company's stock worth $7,810,000 after buying an additional 11,801 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Ingles Markets by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company's stock worth $79,564,000 after acquiring an additional 7,541 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Ingles Markets from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA traded up $0.89 during mid-day trading on Thursday, reaching $67.03. 102,399 shares of the company were exchanged, compared to its average volume of 123,042. The company's 50 day moving average price is $62.35 and its 200 day moving average price is $63.24. The stock has a market capitalization of $1.27 billion, a PE ratio of 20.56 and a beta of 0.71. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01. The company has a quick ratio of 1.46, a current ratio of 3.19 and a debt-to-equity ratio of 0.32.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.80 EPS for the quarter. Ingles Markets had a net margin of 1.14% and a return on equity of 3.98%.

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 10th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.66 annualized dividend and a yield of 0.98%. Ingles Markets's payout ratio is 20.25%.

Ingles Markets Company Profile

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.