Ingles Markets (IMKTA) Stock Price, News & Analysis

Company Overview

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. The company owns and operates a milk processing and packaging plant that supplies organic milk, fruit juices, and bottled water products to other retailers, food service distributors, and grocery warehouses. In addition, it provides home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as broad selections of local organic, beverage, and health-related items. The company operates under the Ingles and Sav-Mor brand names. Ingles Markets, Incorporated was founded in 1963 and is headquartered in Asheville, North Carolina.

Key Stats

• Today's Range: $70.11 to $72.32
• 50-Day Range: $60.85 to $74.60
• 52-Week Range: $59.73 to $89.59
• Volume: 83,129 shs
• Average Volume: 101,370 shs
• Market Capitalization: $1.37 billion
• P/E Ratio: 8.59
• Dividend Yield: 0.91%
• Price Target: N/A
• Consensus Rating: N/A

Ingles Markets Stock Analysis - MarketRank™

Ingles Markets scored higher than 70% of companies evaluated by MarketBeat, and ranked 117th out of 210 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Ingles Markets.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ingles Markets is 8.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ingles Markets is 8.59, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 122.49.

Price to Book Value per Share Ratio

Ingles Markets has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.10% 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 7.96%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Ingles Markets has a dividend yield of 0.95%, 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 7.86%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 2.1 / 5
• Environmental Score: -2.05

Percentage of Shares Shorted

3.10% 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 7.96%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.77

News Sentiment

Ingles Markets has a news sentiment score of 1.77. 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 0.71 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Ingles Markets this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for IMKTA on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

2 people have added Ingles Markets to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ingles Markets insiders have not sold or bought any company stock.

Percentage Held by Insiders

23.10% 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

62.54% of the stock of Ingles Markets is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IMKTA Stock Analysis - Frequently Asked Questions

How have IMKTA shares performed this year?

Ingles Markets' stock was trading at $86.37 at the start of the year. Since then, IMKTA shares have decreased by 16.4% and is now trading at $72.18.
View the best growth stocks for 2024 here.

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 company had revenue of $1 billion for the quarter. Ingles Markets had a net margin of 2.74% and a trailing twelve-month return on equity of 10.58%.

Who are Ingles Markets' major shareholders?

Ingles Markets' top institutional shareholders include River Road Asset Management LLC (5.11%), Royce & Associates LP (2.29%), Charles Schwab Investment Management Inc. (2.14%) and Geode Capital Management LLC (2.10%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 5/08/2019
• Ex-Dividend for 10/17 Dividend: 10/10/2024
• Dividend Payable: 10/17/2024
• Today: 11/22/2024
• Next Earnings (Estimated): 12/04/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Grocery stores
• Sub-Industry: Food Retail
• Current Symbol: NASDAQ:IMKTA
• CUSIP: 45703010
• CIK: 50493
• Web: www.ingles-markets.com
• Phone: (828) 669-2941
• Fax: 82-8-6693-678x
• Employees: 26,420
• Year Founded: 1963

Profitability

• EPS (Most Recent Fiscal Year): $8.40
• Trailing P/E Ratio: 8.59
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $210.81 million
• Net Margins: 2.74%
• Pretax Margin: 3.62%
• Return on Equity: 10.58%
• Return on Assets: 6.41%

Debt

• Debt-to-Equity Ratio: 0.34
• Current Ratio: 2.99
• Quick Ratio: 1.49

Sales & Book Value

• Annual Sales: $5.89 billion
• Price / Sales: 0.23
• Cash Flow: $17.82 per share
• Price / Cash Flow: 4.05
• Book Value: $76.81 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 18,990,000
• Free Float: 14,606,000
• Market Cap: $1.37 billion
• Optionable: Optionable
• Beta: 0.72