NASDAQ:IMKTA Ingles Markets (IMKTA) Stock Forecast, Price & News $80.27 -2.18 (-2.64%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$80.00▼$82.7750-Day Range$80.27▼$94.1852-Week Range$78.32▼$102.99Volume132,739 shsAverage Volume80,345 shsMarket Capitalization$1.52 billionP/E Ratio6.16Dividend Yield0.82%Price TargetN/A ProfileProfileChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ingles Markets MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy1.77% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.05Upright™ Environmental ScoreNews Sentiment1.41Based on 5 Articles This WeekInsider TradingSelling Shares$92,485 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 starsRetail/Wholesale Sector77th out of 213 stocksGrocery Stores Industry7th out of 11 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Ingles Markets. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.77% of the outstanding shares of Ingles Markets have been sold short.Short Interest Ratio / Days to CoverIngles Markets has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Ingles Markets has recently decreased by 6.93%, indicating that investor sentiment is improving significantly. Previous Next 0.8 Dividend Strength Dividend YieldIngles Markets has a dividend yield of 0.81%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthIngles Markets does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ingles Markets is 5.06%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 2.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIngles 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 SustainabilityThe Environmental Impact score for Ingles Markets is -2.05. Previous Next 3.0 News and Social Media Coverage News SentimentIngles 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 WeekMarketBeat has tracked 5 news articles for Ingles Markets this week, compared to 2 articles on an average week.Search InterestOnly 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. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn 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 Insiders31.90% 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 Institutions62.82% of the stock of Ingles Markets is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioIngles 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. Previous Next See Top Rated MarketRank™ Stocks Here About Ingles Markets (NASDAQ:IMKTA) StockIngles 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.Read More Receive IMKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ingles Markets and its competitors with MarketBeat's FREE daily newsletter. Email Address IMKTA Stock News HeadlinesMay 30, 2023 | finance.yahoo.comThose who invested in Ingles Markets (NASDAQ:IMKT.A) five years ago are up 204%May 13, 2023 | msn.comIngles Markets: Hidden Quality In This Regional GrocerJune 1, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%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.comFinancial Review: Koninklijke Ahold Delhaize (OTCMKTS:AHODF) and Ingles Markets (NASDAQ:IMKTA)May 8, 2023 | msn.comIngles Markets: Still Attractive Despite Recent WeaknessMay 4, 2023 | finance.yahoo.comIngles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2023April 20, 2023 | seekingalpha.comIMKTA Ingles Markets, IncorporatedApril 4, 2023 | americanbankingnews.comIngles Markets, Incorporated (NASDAQ:IMKTA) to Issue $0.17 Quarterly DividendJune 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.comIngles Markets, Incorporated (NASDAQ:IMKT.A) is largely controlled by institutional shareholders who own 64% of the companyMarch 20, 2023 | finance.yahoo.comThe Return Trends At Ingles Markets (NASDAQ:IMKT.A) Look PromisingMarch 4, 2023 | finance.yahoo.comCalculating The Fair Value Of Ingles Markets, Incorporated (NASDAQ:IMKT.A)February 18, 2023 | finance.yahoo.comIngles 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.comIngles Markets First Quarter 2023 Earnings: EPS: US$3.65 (vs US$3.49 in 1Q 2022)February 2, 2023 | msn.comIngles Markets GAAP EPS of $3.65, revenue of $1.49BFebruary 2, 2023 | finance.yahoo.comIngles Markets, Incorporated Reports Results for First Quarter Fiscal 2023January 25, 2023 | seekingalpha.comIngles Markets Is Earning More Than What Is NormalJanuary 23, 2023 | nasdaq.comRoyce & Associates Lp Cuts Stake in Ingles Markets, Incorporated (IMKTA)January 18, 2023 | msn.comWinners and losers from the retail sales reportJanuary 15, 2023 | reuters.comIMKTA.OQ - | Stock Price & Latest News | ReutersJanuary 8, 2023 | seekingalpha.comIngles Markets Still Has Room To RunJanuary 5, 2023 | stocknews.comIf You Could Only Buy 1 Stock Right Now, This Should Be ItJanuary 2, 2023 | msn.comIngles Markets's Ex-Dividend Date Is Thursday, Here's What You Need To KnowDecember 21, 2022 | finance.yahoo.comIngles Markets (NASDAQ:IMKT.A) shareholders have earned a 25% CAGR over the last five yearsDecember 20, 2022 | stocknews.comThe 2 Top Small-Cap Stocks to Buy for 2023December 16, 2022 | stocknews.com1 Grocery Store Stock to Buy After Q3 Sales Top EstimatesNovember 23, 2022 | stocknews.comThe Best Retail Stock to Buy Ahead of Black FridaySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IMKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ingles Markets and its competitors with MarketBeat's FREE daily newsletter. Email Address IMKTA Company Calendar Last Earnings5/08/2019Ex-Dividend for 4/13 Dividend4/05/2023Dividend Payable4/13/2023Today5/31/2023Next Earnings (Estimated)8/03/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Grocery stores Sub-IndustryFood Retail SectorRetail/Wholesale Current SymbolNASDAQ:IMKTA CUSIP45703010 CIK50493 Webwww.ingles-markets.com Phone(828) 669-2941Fax82-8-6693-678xEmployees26,000Year Founded1963Profitability EPS (Most Recent Fiscal Year)$13.04 Trailing P/E Ratio6.16 Forward P/E RatioN/A P/E GrowthN/ANet Income$272.76 million Net Margins4.28% Pretax Margin5.70% Return on Equity19.31% Return on Assets10.78% Debt Debt-to-Equity Ratio0.40 Current Ratio2.92 Quick Ratio1.30 Sales & Book Value Annual Sales$5.78 billion Price / Sales0.26 Cash Flow$20.22 per share Price / Cash Flow3.97 Book Value$71.61 per share Price / Book1.12Miscellaneous Outstanding Shares18,994,000Free Float12,935,000Market Cap$1.52 billion OptionableOptionable Beta0.66 Social Links Key ExecutivesJames W. LanningPresident, CEO, COO & DirectorPatricia E. JacksonChief Financial Officer & DirectorW. Randolph JamesonVice President-DistributionMary ThompsonReal Estate ManagerCatherine L. PhillipsSecretary & ControllerKey CompetitorsWeis MarketsNYSE:WMKCompanhia Brasileira De DistribuicaoNYSE:CBDSprouts Farmers MarketNASDAQ:SFMAbercrombie & FitchNYSE:ANFDave & Buster's EntertainmentNASDAQ:PLAYView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 869 shares on 5/22/2023Ownership: 0.240%Putnam Investments LLCSold 390 shares on 5/22/2023Ownership: 0.049%Trivant Custom Portfolio Group LLCBought 500 shares on 5/19/2023Ownership: 0.003%JPMorgan Chase & Co.Sold 6,515 shares on 5/18/2023Ownership: 0.204%New York State Common Retirement FundSold 1,894 shares on 5/18/2023Ownership: 0.135%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ingles Markets, Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. 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