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NASDAQ:IMKTA

Ingles Markets - IMKTA Stock Forecast, Price & News

$96.82
-0.73 (-0.75%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
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
1.66mentions of Ingles Markets in the last 14 days
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

IMKTA stock logo

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

Ingles Markets GAAP EPS of $3.57, revenue of $1.46B
Ingles Markets, Inc. - Ordinary Shares - Class A
Ingles Markets Inc Class A - Stock Quote IMKTA
Ingles Markets: Dividend Insights
N.C.-based grocer names new CFO
Ingles Markets promotes Patricia Jackson to CFO
See More Headlines
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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

Industry, Sector and Symbol

Industry
Grocery stores
Sub-Industry
Food Retail
Current Symbol
NASDAQ:IMKTA
CUSIP
45703010
Employees
26,000
Year Founded
1963

Profitability

Net Income
$249.73 million
Pretax Margin
6.50%

Debt

Sales & Book Value

Annual Sales
$4.99 billion
Cash Flow
$19.56 per share
Book Value
$62.59 per share

Miscellaneous

Free Float
14,473,000
Market Cap
$1.84 billion
Optionable
Optionable
Beta
0.55

Social Links















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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