NASDAQ:IMKTA

Ingles Markets (IMKTA) Stock Forecast, Price & News

$80.27

-2.18 (-2.64%)

(As of 05/31/2023 ET)

Compare

Today's Range: $80.00
▼
$82.77
50-Day Range: $80.27
▼
$94.18
52-Week Range: $78.32
▼
$102.99

Volume: 132,739 shs
Average Volume: 80,345 shs
Market Capitalization: $1.52 billion

P/E Ratio: 6.16
Dividend Yield: 0.82%
Price Target: N/A

Ingles Markets MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.77% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.05
Upright™ Environmental Score
News Sentiment: 1.41
Based on 5 Articles This Week
Insider Trading: Selling Shares
$92,485 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.

2.38 out of 5 stars

Retail/Wholesale Sector

77th out of 213 stocks

Grocery Stores Industry

7th out of 11 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
1.77% 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 4.1.
Change versus previous month
Short interest in Ingles Markets has recently decreased by 6.93%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
Ingles Markets has a dividend yield of 0.81%, 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 5.06%. 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.

3.0

News and Social Media Coverage

News Sentiment
Ingles Markets has a news sentiment score of 1.41. 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 0.52 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Ingles Markets this week, compared to 2 articles on an average week.
Search Interest
Only 4 people have searched for IMKTA on MarketBeat 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 $92,485.00 in company stock.
Percentage Held by Insiders
31.90% 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
62.82% 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 6.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ingles Markets is 6.16, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 36.87.
Price to Book Value per Share Ratio
Ingles Markets has a P/B Ratio of 1.12. 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, Inc. engages in the operation of a supermarket chain in Georgia, North Carolina, Tennessee, Virginia, and Alabama. It offers its products through the following categories: grocery, non-foods, perishables and other. The grocery products consist of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, beauty, and cosmetic products. The perishables products include meat, produce, deli, and bakery. The Others consists of fluid dairy operations and shopping center rentals. The company was founded by Robert P. Ingle in 1963 and is headquartered in Black Mountain, NC.

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IMKTA Stock News Headlines

May 30, 2023 | finance.yahoo.com

Those who invested in Ingles Markets (NASDAQ:IMKT.A) five years ago are up 204%

May 13, 2023 | msn.com

Ingles Markets: Hidden Quality In This Regional Grocer

June 1, 2023 | Behind the Markets (Ad)

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Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

May 10, 2023 | americanbankingnews.com

Financial Review: Koninklijke Ahold Delhaize (OTCMKTS:AHODF) and Ingles Markets (NASDAQ:IMKTA)

May 8, 2023 | msn.com

Ingles Markets: Still Attractive Despite Recent Weakness

May 4, 2023 | finance.yahoo.com

Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2023

April 20, 2023 | seekingalpha.com

IMKTA Ingles Markets, Incorporated

April 4, 2023 | americanbankingnews.com

Ingles Markets, Incorporated (NASDAQ:IMKTA) to Issue $0.17 Quarterly Dividend

June 1, 2023 | Legacy Research (Affiliate) (Ad)

“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin

$100 is all you need… Former Goldman Sachs managing director Dr. Nomi Prins has identified an investment she’s calling ‘the world’s hardest asset’ – and she’s recommending it to friends, family, and followers.

April 3, 2023 | finance.yahoo.com

Ingles Markets, Incorporated (NASDAQ:IMKT.A) is largely controlled by institutional shareholders who own 64% of the company

March 20, 2023 | finance.yahoo.com

The Return Trends At Ingles Markets (NASDAQ:IMKT.A) Look Promising

March 4, 2023 | finance.yahoo.com

Calculating The Fair Value Of Ingles Markets, Incorporated (NASDAQ:IMKT.A)

February 18, 2023 | finance.yahoo.com

Ingles Markets, Incorporated (NASDAQ:IMKT.A) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

February 4, 2023 | finance.yahoo.com

Ingles Markets First Quarter 2023 Earnings: EPS: US$3.65 (vs US$3.49 in 1Q 2022)

February 2, 2023 | msn.com

Ingles Markets GAAP EPS of $3.65, revenue of $1.49B

February 2, 2023 | finance.yahoo.com

Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2023

January 25, 2023 | seekingalpha.com

Ingles Markets Is Earning More Than What Is Normal

January 23, 2023 | nasdaq.com

Royce & Associates Lp Cuts Stake in Ingles Markets, Incorporated (IMKTA)

January 18, 2023 | msn.com

Winners and losers from the retail sales report

January 15, 2023 | reuters.com

IMKTA.OQ - | Stock Price & Latest News | Reuters

January 8, 2023 | seekingalpha.com

Ingles Markets Still Has Room To Run

January 5, 2023 | stocknews.com

If You Could Only Buy 1 Stock Right Now, This Should Be It

January 2, 2023 | msn.com

Ingles Markets's Ex-Dividend Date Is Thursday, Here's What You Need To Know

December 21, 2022 | finance.yahoo.com

Ingles Markets (NASDAQ:IMKT.A) shareholders have earned a 25% CAGR over the last five years

December 20, 2022 | stocknews.com

The 2 Top Small-Cap Stocks to Buy for 2023

December 16, 2022 | stocknews.com

1 Grocery Store Stock to Buy After Q3 Sales Top Estimates

November 23, 2022 | stocknews.com

The Best Retail Stock to Buy Ahead of Black Friday

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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IMKTA Company Calendar

Last Earnings: 5/08/2019
Ex-Dividend for 4/13 Dividend: 4/05/2023
Dividend Payable: 4/13/2023
Today: 5/31/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 9/30/2023

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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): $13.04
Trailing P/E Ratio: 6.16
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $272.76 million
Net Margins: 4.28%
Pretax Margin: 5.70%
Return on Equity: 19.31%
Return on Assets: 10.78%

Debt

Debt-to-Equity Ratio: 0.40
Current Ratio: 2.92
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: $5.78 billion
Price / Sales: 0.26
Cash Flow: $20.22 per share
Price / Cash Flow: 3.97
Book Value: $71.61 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 18,994,000
Free Float: 12,935,000
Market Cap: $1.52 billion
Optionable: Optionable
Beta: 0.66

Social Links

Key Executives

James W. Lanning
President, CEO, COO & Director

Patricia E. Jackson
Chief Financial Officer & Director

W. Randolph Jameson
Vice President-Distribution

Mary Thompson
Real Estate Manager

Catherine L. Phillips
Secretary & Controller

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 2023?: Ingles Markets' stock was trading at $96.46 on January 1st, 2023. Since then, IMKTA stock has decreased by 16.8% and is now trading at $80.27.
View the best growth stocks for 2023 here.
Are investors shorting Ingles Markets?: Ingles Markets saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 336,900 shares, a decrease of 6.9% from the April 30th total of 362,000 shares. Based on an average trading volume of 82,100 shares, the short-interest ratio is presently 4.1 days.
View Ingles Markets' Short Interest.
When is Ingles Markets' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our IMKTA earnings forecast.
How were Ingles Markets' earnings last quarter?: Ingles Markets, Incorporated (NASDAQ:IMKTA) announced its quarterly earnings results on Wednesday, May, 8th. The company reported $0.74 EPS for the quarter. The firm earned $1 billion during the quarter. Ingles Markets had a net margin of 4.28% and a trailing twelve-month return on equity of 19.31%.
How often does Ingles Markets pay dividends? What is the dividend yield for Ingles Markets?: Ingles Markets announced a quarterly dividend on Monday, March 27th. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.165 per share on Thursday, April 13th. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, April 5th.
Read our dividend analysis for IMKTA.
What ETFs hold Ingles Markets' stock?: ETFs with the largest weight of Ingles Markets (NASDAQ:IMKTA) stock in their portfolio include Invesco DWA Consumer Staples Momentum ETF (PSL), Newday Ocean Health ETF (AHOY), Cambria Value and Momentum ETF (VAMO), Hartford Multifactor Small Cap ETF (ROSC), Roundhill Acquirers Deep Value ETF (DEEP), SPDR S&P Retail ETF (XRT), First Trust Small Cap Value AlphaDEX Fund (FYT) and Direxion Daily Retail Bull 3X Shares (RETL).
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 0.81%. The dividend payout ratio is 5.06%. 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 a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.37%), BlackRock Inc. (5.80%), River Road Asset Management LLC (4.11%), Royce & Associates LP (3.64%), LSV Asset Management (3.05%) and Gamco Investors INC. ET AL (2.81%). 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 $80.27.
How much money does Ingles Markets make?: Ingles Markets (NASDAQ:IMKTA) has a market capitalization of $1.52 billion and generates $5.78 billion in revenue each year. The company earns $272.76 million in net income (profit) each year or $13.04 on an earnings per share basis.
How many employees does Ingles Markets have?: The company employs 26,000 workers across the globe.
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 6/1/2023 by MarketBeat.com Staff

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