NASDAQ:IMKTA

Ingles Markets - IMKTA Stock Forecast, Price & News

$93.13

-1.21 (-1.28%)

(As of 02/3/2023 09:04 PM ET)

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Today's Range: $92.15
▼
$94.39
50-Day Range: $92.22
▼
$101.12
52-Week Range: $77.73
▼
$102.99

Volume: 125,300 shs
Average Volume: 77,030 shs
Market Capitalization: $1.77 billion

P/E Ratio: 6.41
Dividend Yield: 0.71%
Price Target: N/A

Institutional Ownership

Ingles Markets MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.59% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.05
Upright™ Environmental Score
News Sentiment: 0.22
Based on 6 Articles This Week
Insider Trading: Selling Shares
$201,420 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.

2.14 out of 5 stars

Retail/Wholesale Sector

88th out of 212 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.

3.0

Short Interest

Percentage of Shares Shorted
1.59% 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 4.2.
Change versus previous month
Short interest in Ingles Markets has recently decreased by 2.96%, indicating that investor sentiment is improving.

0.8

Dividend Strength

Dividend Yield
Ingles Markets has a dividend yield of 0.71%, 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 4.55%. 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.

2.3

News and Social Media Coverage

News Sentiment
Ingles Markets has a news sentiment score of 0.22. 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 lower news sentiment than the 0.44 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Ingles Markets this week, compared to 1 article on an average week.
Search Interest
14 people have searched for IMKTA on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Ingles Markets to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% 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 $201,420.00 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 6.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ingles Markets is 6.41, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 42.18.
Price to Book Value per Share Ratio
Ingles Markets has a P/B Ratio of 1.40. 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

February 4, 2023 | americanbankingnews.com

Ingles Markets (NASDAQ:IMKTA) Shares Gap Down to $95.25

February 4, 2023 | finance.yahoo.com

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

February 6, 2023 | Investor Place Media (Ad)

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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

February 6, 2023 | Investor Place Media (Ad)

Cash Holders STILL Aren't Taking Steps to Prepare

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

November 23, 2022 | finance.yahoo.com

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2022

November 13, 2022 | finance.yahoo.com

Here's Why Ingles Markets (NASDAQ:IMKT.A) Has Caught The Eye Of Investors

November 10, 2022 | msn.com

Ingles Markets buys old Boones Creek Middle School property for $2M

November 5, 2022 | reuters.com

Ingles Markets Inc

October 28, 2022 | msn.com

Ingles Markets project in South Asheville put on hold

October 27, 2022 | seekingalpha.com

Ingles Markets: Still Drastically Undervalued

October 26, 2022 | stocknews.com

1 Stock That’s a No-Brainer Buy This Fall

October 21, 2022 | stocknews.com

3 Recession-Proof Stocks to Buy in October

October 10, 2022 | finance.yahoo.com

Why The 20% Return On Capital At Ingles Markets (NASDAQ:IMKT.A) Should Have Your Attention

September 30, 2022 | msn.com

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

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IMKTA Company Calendar

Last Earnings: 11/23/2022
Ex-Dividend for 1/12 Dividend: 1/05/2023
Dividend Payable: 1/12/2023
Today: 2/06/2023
Next Earnings (Estimated): 5/04/2023
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): $14.52
Trailing P/E Ratio: 6.41
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $272.76 million
Net Margins: 4.77%
Pretax Margin: 6.34%
Return on Equity: 22.55%
Return on Assets: 12.29%

Debt

Debt-to-Equity Ratio: 0.41
Current Ratio: 2.67
Quick Ratio: 1.22

Sales & Book Value

Annual Sales: $5.68 billion
Price / Sales: 0.31
Cash Flow: $20.56 per share
Price / Cash Flow: 4.53
Book Value: $66.31 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 18,990,000
Free Float: 12,935,000
Market Cap: $1.77 billion
Optionable: Optionable
Beta: 0.65

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 3.5% and is now trading at $93.13.
View the best growth stocks for 2023 here.
When is Ingles Markets' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our IMKTA earnings forecast.
How were Ingles Markets' earnings last quarter?: Ingles Markets, Incorporated (NASDAQ:IMKTA) issued its quarterly earnings results on Wednesday, November, 23rd. The company reported $3.69 earnings per share (EPS) for the quarter. The firm had revenue of $1.45 billion for the quarter. Ingles Markets had a net margin of 4.77% and a trailing twelve-month return on equity of 23.19%.
How often does Ingles Markets pay dividends? What is the dividend yield for Ingles Markets?: Ingles Markets announced a quarterly dividend on Tuesday, December 27th. Investors of record on Friday, January 6th will be given a dividend of $0.165 per share on Thursday, January 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, January 5th.
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 0.71%. The dividend payout ratio is 4.55%. 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 investors include River Road Asset Management LLC (4.06%), Hennessy Advisors Inc. (0.20%), New York State Common Retirement Fund (0.14%), James Investment Research Inc. (0.11%), Allspring Global Investments Holdings LLC (0.10%) and Janney Montgomery Scott LLC (0.07%). 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 $93.13.
How much money does Ingles Markets make?: Ingles Markets (NASDAQ:IMKTA) has a market capitalization of $1.77 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.
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 2/6/2023 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

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ingles Markets (NASDAQ:IMKTA) Stock

IMKTA Stock News Headlines

IMKTA Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

IMKTA Stock - Frequently Asked Questions

Overall MarketRank^™