Ingles Markets, Incorporated (NASDAQ:IMKTA) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Zacks has also given Ingles Markets an industry rank of 120 out of 265 based on the ratings given to related companies.
IMKTA has been the subject of several analyst reports. TheStreet raised Ingles Markets from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. BidaskClub raised Ingles Markets from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research raised Ingles Markets from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, February 14th.
Ingles Markets (NASDAQ IMKTA) traded up $0.05 during trading hours on Monday, hitting $33.10. The stock had a trading volume of 16,908 shares, compared to its average volume of 106,217. The firm has a market cap of $674.63, a PE ratio of 7.91, a P/E/G ratio of 3.53 and a beta of 0.63. Ingles Markets has a twelve month low of $20.75 and a twelve month high of $47.95. The company has a current ratio of 1.81, a quick ratio of 0.37 and a debt-to-equity ratio of 1.59.
Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Friday, February 9th. The company reported $2.23 earnings per share (EPS) for the quarter. The firm had revenue of $1.01 billion during the quarter. Ingles Markets had a return on equity of 16.66% and a net margin of 2.11%. research analysts forecast that Ingles Markets will post 2.95 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Ingles Markets by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,184,752 shares of the company’s stock worth $30,448,000 after buying an additional 3,984 shares during the period. BlackRock Inc. raised its position in shares of Ingles Markets by 0.8% in the 4th quarter. BlackRock Inc. now owns 934,901 shares of the company’s stock worth $32,348,000 after buying an additional 7,561 shares during the period. River Road Asset Management LLC raised its position in shares of Ingles Markets by 5.8% in the 4th quarter. River Road Asset Management LLC now owns 900,113 shares of the company’s stock worth $31,144,000 after buying an additional 49,070 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Ingles Markets in the 3rd quarter worth $11,931,000. Finally, Prudential Financial Inc. raised its position in shares of Ingles Markets by 29.9% in the 3rd quarter. Prudential Financial Inc. now owns 347,596 shares of the company’s stock worth $8,933,000 after buying an additional 79,940 shares during the period. Institutional investors and hedge funds own 60.03% of the company’s stock.
Ingles Markets Company Profile
Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.
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