NASDAQ:IMKTA

Ingles Markets - IMKTA Stock Forecast, Price & News

$96.82

-0.73 (-0.75%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $96.01
▼
$97.54
50-Day Range: $83.91
▼
$98.38
52-Week Range: $62.89
▼
$101.98

Volume: 63,419 shs
Average Volume: 109,643 shs
Market Capitalization: $1.84 billion

P/E Ratio: 6.70
Dividend Yield: 0.68%
Price Target: N/A

Ingles Markets MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
2.68% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.05
Upright™ Environmental Score
News Sentiment: 1.66
Based on 2 Articles This Week
Insider Trading: Selling Shares
$88,675 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Retail/Wholesale Sector

95th out of 218 stocks

Grocery Stores Industry

2nd out of 9 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Ingles Markets.

4.0

Short Interest

Percentage of Shares Shorted
2.68% of the outstanding shares of Ingles Markets have been sold short.
Short Interest Ratio / Days to Cover
Ingles Markets has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Ingles Markets has recently decreased by 12.11%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
Ingles Markets has a dividend yield of 0.68%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ingles Markets does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ingles Markets is 4.57%. This payout ratio is at a healthy, sustainable level, below 75%.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ingles Markets has received a 3.64% net impact score from Upright. Ingles seems to create the most significant positive value in categories "Taxes", "Jobs", and "Nutrition". The positive contribution in the "Nutrition" impact category is mostly driven by its "Milk", "Physical retail of baking accessories at a supermarket", and "Physical retail of oils and fats at a supermarket" products. See details.
Environmental Sustainability
The Environmental Impact score for Ingles Markets is -2.05.

3.1

News and Social Media Coverage

News Sentiment
Ingles Markets has a news sentiment score of 1.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Ingles Markets this week, compared to 0 articles on an average week.
Search Interest
Only 5 people have searched for IMKTA on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Ingles Markets to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ingles Markets insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $88,675.00 in company stock.
Percentage Held by Insiders
23.80% of the stock of Ingles Markets is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
65.29% of the stock of Ingles Markets is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Ingles Markets is 6.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ingles Markets is 6.70, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 39.45.
Price to Book Value per Share Ratio
Ingles Markets has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ingles Markets (NASDAQ:IMKTA) Stock

Ingles Markets, Incorporated 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. The company also owns and operates a milk processing and packaging plant that supplies organic milk, fruit juices, and bottled water products to other retailers, food service distributors, and grocery warehouses. In addition, it provides home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as broad selections of local organic, beverage, and health-related items. As of September 25, 2021, the company operated 189 supermarkets under the brand name Ingles, and nine supermarkets under the brand name Sav-Mor in western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwestern Virginia, and northeastern Alabama, as well as 111 pharmacies and 107 fuel stations. Ingles Markets, Incorporated was founded in 1963 and is headquartered in Asheville, North Carolina.

Ingles Markets Trading Down 0.7 %

Shares of IMKTA Stock traded down $0.73 during trading on Wednesday, hitting $96.82. 63,419 shares of the stock traded hands, compared to its average volume of 109,643. The firm has a market capitalization of $1.84 billion, a P/E ratio of 6.70 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.13. The firm's fifty day moving average price is $91.07 and its 200-day moving average price is $90.05. Ingles Markets has a 52-week low of $62.89 and a 52-week high of $101.98.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, July 7th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Wednesday, July 6th. Ingles Markets's payout ratio is presently 4.57%.

Insider Buying and Selling at Ingles Markets

In other Ingles Markets news, Director Sharp Laura Ingle sold 500 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $89.25, for a total value of $44,625.00. Following the sale, the director now owns 6,000 shares of the company's stock, valued at $535,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.80% of the stock is owned by corporate insiders.

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IMKTA Stock News Headlines

August 4, 2022 | stocknews.com

Times Are Tough, but These 2 Retailers Aren't Going Anywhere

August 4, 2022 | finance.yahoo.com

Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2022

August 4, 2022 | seekingalpha.com

Ingles Markets GAAP EPS of $3.57, revenue of $1.46B

July 26, 2022 | seekingalpha.com

Ingles Markets: Still A Fantastic Prospect For Value Investors

July 19, 2022 | money.usnews.com

Ingles Markets, Inc. - Ordinary Shares - Class A

July 15, 2022 | morningstar.com

Ingles Markets Inc Class A - Stock Quote IMKTA

July 14, 2022 | finance.yahoo.com

Those who invested in Ingles Markets (NASDAQ:IMKT.A) five years ago are up 223%

July 1, 2022 | benzinga.com

Ingles Markets: Dividend Insights

June 17, 2022 | forbes.com

3 Undervalued Predictable Stocks In The Consumer Cyclical Space

June 6, 2022 | finance.yahoo.com

Here's Why I Think Ingles Markets (NASDAQ:IMKT.A) Is An Interesting Stock

May 25, 2022 | thestreet.com

Ingles Markets Incorporated Class A Common Stock

May 6, 2022 | benzinga.com

All Fit Soda™ SKU's Approved for Placement at Ingles Markets

May 6, 2022 | finance.yahoo.com

All Fit Soda™ SKU’s Approved for Placement at Ingles Markets

May 5, 2022 | uk.finance.yahoo.com

Factors that could move the Ingles Markets Inc share price

May 5, 2022 | nz.finance.yahoo.com

Ingles Markets, Incorporated Reports Sales and Net Income for Second Quarter and First Six Months of Fiscal 2022

May 3, 2022 | finance.yahoo.com

Ingles Markets (NASDAQ:IMKT.A) Is Achieving High Returns On Its Capital

May 1, 2022 | seekingalpha.com

Ingles Markets: Still An Excellent Opportunity Despite Recent Surge

April 4, 2022 | nasdaq.com

Ex-Dividend Reminder: Trinseo, Campbell Soup and Ingles Markets

April 1, 2022 | finance.yahoo.com

Should You Buy Ingles Markets, Incorporated (NASDAQ:IMKT.A) For Its Upcoming Dividend?

March 21, 2022 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Ingles Markets, Incorporated's (NASDAQ:IMKT.A) Stock?

March 8, 2022 | nasdaq.com

Ingles Markets, Incorporated Class A Common Stock (IMKTA)

February 23, 2022 | finance.yahoo.com

N.C.-based grocer names new CFO

February 22, 2022 | seekingalpha.com

Ingles Markets promotes Patricia Jackson to CFO

February 16, 2022 | seekingalpha.com

Ingles Markets: Updating Model And Price Target; +31% EPS, 7.9x P/E

February 4, 2022 | finance.yahoo.com

Ingles Markets' (NASDAQ:IMKT.A) 39% CAGR outpaced the company's earnings growth over the same three-year period

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IMKTA Company Calendar

Last Earnings: 5/08/2019
Ex-Dividend for 7/14 Dividend: 7/06/2022
Dividend Payable: 7/14/2022
Today: 8/17/2022
Fiscal Year End: 9/30/2022
Next Earnings (Estimated): 11/23/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Grocery stores
Sub-Industry: Food Retail
Sector: Retail/Wholesale
Current Symbol: NASDAQ:IMKTA
CUSIP: 45703010
CIK: 50493
Web: www.ingles-markets.com
Phone: (828) 669-2941
Fax: 82-8-6693-678x
Employees: 26,000
Year Founded: 1963

Profitability

EPS (Most Recent Fiscal Year): $14.44
Trailing P/E Ratio: 6.70
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $249.73 million
Net Margins: 4.93%
Pretax Margin: 6.50%
Return on Equity: 25.28%
Return on Assets: 13.01%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 2.44
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $4.99 billion
Price / Sales: 0.37
Cash Flow: $19.56 per share
Price / Cash Flow: 4.95
Book Value: $62.59 per share
Price / Book: 1.55

Miscellaneous

Outstanding Shares: 18,994,000
Free Float: 14,473,000
Market Cap: $1.84 billion
Optionable: Optionable
Beta: 0.55

Social Links

Key Executives

Mr. James W. Lanning (Age 63)
CEO, Pres & Director
Comp: $1.97M
Ms. Patricia E. Jackson CPA (Age 57)
CFO, Sec. & Director
Ms. Cynthia L. Brooks (Age 59)
VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

IMKTA Stock - Frequently Asked Questions

How have IMKTA shares performed in 2022?: Ingles Markets' stock was trading at $86.34 at the beginning of the year. Since then, IMKTA shares have increased by 12.1% and is now trading at $96.82.
View the best growth stocks for 2022 here.
When is Ingles Markets' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 23rd 2022.
View our IMKTA earnings forecast.
How were Ingles Markets' earnings last quarter?: Ingles Markets, Incorporated (NASDAQ:IMKTA) released its quarterly earnings data on Wednesday, May, 8th. The company reported $0.74 earnings per share for the quarter. The firm earned $1 billion during the quarter. Ingles Markets had a trailing twelve-month return on equity of 25.28% and a net margin of 4.93%.
How often does Ingles Markets pay dividends? What is the dividend yield for Ingles Markets?: Ingles Markets announced a quarterly dividend on Monday, June 27th. Stockholders of record on Thursday, July 7th will be given a dividend of $0.165 per share on Thursday, July 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, July 6th.
Read our dividend analysis for IMKTA.
Is Ingles Markets a good dividend stock?: Ingles Markets (NASDAQ:IMKTA) pays an annual dividend of $0.66 per share and currently has a dividend yield of 0.68%. The dividend payout ratio is 4.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IMKTA.
What is Jim Lanning's approval rating as Ingles Markets' CEO?: 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.

What is Ingles Markets' stock symbol?: Ingles Markets trades on the NASDAQ under the ticker symbol "IMKTA."
Who are Ingles Markets' major shareholders?: Ingles Markets' stock is owned by many different retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (4.07%), Royce & Associates LP (4.01%), Gamco Investors INC. ET AL (3.56%), State Street Corp (1.88%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (1.79%) and Renaissance Technologies LLC (1.50%). Insiders that own company stock include James W Lanning and Sharp Laura Ingle.
View institutional ownership trends.
How do I buy shares of Ingles Markets?: 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.
Compare Top Brokerages Here.
What is Ingles Markets' stock price today?: One share of IMKTA stock can currently be purchased for approximately $96.82.
How much money does Ingles Markets make?: Ingles Markets (NASDAQ:IMKTA) has a market capitalization of $1.84 billion and generates $4.99 billion in revenue each year. The company earns $249.73 million in net income (profit) each year or $14.44 on an earnings per share basis.
How many employees does Ingles Markets have?: The company employs 26,000 workers across the globe.
When was Ingles Markets founded?: Ingles Markets was founded in 1963.
How can I contact Ingles Markets?: 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.

This page (NASDAQ:IMKTA) was last updated on 8/17/2022 by MarketBeat.com Staff

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Ingles Markets - IMKTA Stock Forecast, Price & News

Ingles Markets MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability