Ingles Markets (IMKTA) Stock Forecast, Price & News

Ingles Markets' stock was trading at $96.46 at the beginning of 2023. Since then, IMKTA stock has decreased by 22.0% and is now trading at $75.27.
View the best growth stocks for 2023 here.

Ingles Markets saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 350,200 shares, an increase of 25.4% from the August 31st total of 279,200 shares. Based on an average daily trading volume, of 77,700 shares, the short-interest ratio is presently 4.5 days.
View Ingles Markets' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 22nd 2023.
View our IMKTA earnings forecast.

Ingles Markets, Incorporated (NASDAQ:IMKTA) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $2.54 earnings per share (EPS) for the quarter. The company had revenue of $1.43 billion for the quarter. Ingles Markets had a net margin of 3.96% and a trailing twelve-month return on equity of 17.07%.

Ingles Markets announced a quarterly dividend on Monday, June 26th. Shareholders of record on Thursday, July 6th will be paid a dividend of $0.165 per share on Thursday, July 13th. This represents a $0.66 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, July 5th.
Read our dividend analysis for IMKTA.

ETFs with the largest weight of Ingles Markets (NASDAQ:IMKTA) stock in their portfolio include Newday Ocean Health ETF (AHOY), Hartford Multifactor Small Cap ETF (ROSC), EA Bridgeway Omni Small-Cap Value ETF (BSVO), First Trust Small Cap Value AlphaDEX Fund (FYT) and Royce Quant Small-Cap Quality Value ETF (SQLV).iShares U.S. Small Cap Equity Factor ETF (SMLF).

Ingles Markets (NASDAQ:IMKTA) pays an annual dividend of $0.66 per share and currently has a dividend yield of 0.87%. The dividend payout ratio is 5.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IMKTA.

14 employees have rated Ingles Markets Chief Executive Officer Jim Lanning on Glassdoor.com. Jim Lanning has an approval rating of 57% among the company's employees. This puts Jim Lanning in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Ingles Markets trades on the NASDAQ under the ticker symbol "IMKTA."

Ingles Markets' stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.24%), BlackRock Inc. (5.79%), River Road Asset Management LLC (4.26%), Royce & Associates LP (3.65%), Gamco Investors INC. ET AL (2.81%) and LSV Asset Management (2.60%). Insiders that own company stock include James W Lanning and Sharp Laura Ingle.
View institutional ownership trends.

Shares of IMKTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IMKTA stock can currently be purchased for approximately $75.27.

Ingles Markets (NASDAQ:IMKTA) has a market capitalization of $1.43 billion and generates $5.68 billion in revenue each year. The company earns $272.76 million in net income (profit) each year or $12.01 on an earnings per share basis.

The company employs 26,000 workers across the globe.

Ingles Markets' mailing address is PO BOX 6676, ASHEVILLE NC, 28816. The official website for the company is www.ingles-markets.com. The company can be reached via phone at (828) 669-2941, via email at rfreeman@ingles-markets.com, or via fax at 82-8-6693-678x.