Ingles Markets - IMKTA Stock Forecast, Price & News

Ingles Markets' stock was trading at $96.46 at the beginning of the year. Since then, IMKTA shares have decreased by 6.6% and is now trading at $90.06.
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Ingles Markets saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 338,500 shares, an increase of 8.1% from the February 13th total of 313,000 shares. Based on an average daily trading volume, of 82,600 shares, the short-interest ratio is currently 4.1 days.
View Ingles Markets' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our IMKTA earnings forecast.

Ingles Markets, Incorporated (NASDAQ:IMKTA) released its quarterly earnings results on Wednesday, May, 8th. The company reported $0.74 earnings per share for the quarter. The company had revenue of $1 billion for the quarter. Ingles Markets had a trailing twelve-month return on equity of 22.55% and a net margin of 4.77%.

Ingles Markets declared a quarterly dividend on Tuesday, December 27th. Stockholders of record on Friday, January 6th will be paid a dividend of $0.165 per share on Thursday, January 12th. This represents a $0.66 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, January 5th.
Read our dividend analysis for IMKTA.

ETFs with the largest weight of Ingles Markets (NASDAQ:IMKTA) stock in their portfolio include Invesco Dynamic Food & Beverage ETF (PBJ), Invesco DWA Consumer Staples Momentum ETF (PSL), Newday Ocean Health ETF (AHOY), Cambria Value and Momentum ETF (VAMO), Hartford Multifactor Small Cap ETF (ROSC), First Trust Active Factor Small Cap ETF (AFSM), SPDR S&P Retail ETF (XRT) and First Trust Small Cap Value AlphaDEX Fund (FYT).

Ingles Markets (NASDAQ:IMKTA) pays an annual dividend of $0.66 per share and currently has a dividend yield of 0.74%. The dividend payout ratio is 4.55%. 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 a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.30%), River Road Asset Management LLC (4.06%), LSV Asset Management (3.32%), Gamco Investors INC. ET AL (2.83%), Gamco Investors INC. ET AL (2.83%) and Gabelli Funds LLC (1.99%). 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 $90.06.

Ingles Markets (NASDAQ:IMKTA) has a market capitalization of $1.71 billion and generates $5.68 billion in revenue each year. The company earns $272.76 million in net income (profit) each year or $14.52 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.