Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sells $150,000.00 in Stock

Ingles Markets, Incorporated (NASDAQ:IMKTAGet Free Report) Director Sharp Laura Ingle sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $150,000.00. Following the sale, the director now owns 28,700 shares in the company, valued at $2,152,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $75.52 on Friday. The stock’s 50-day simple moving average is $78.99 and its 200-day simple moving average is $80.24. The firm has a market capitalization of $1.43 billion, a PE ratio of 7.77 and a beta of 0.60. Ingles Markets, Incorporated has a fifty-two week low of $73.00 and a fifty-two week high of $94.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 3.22.

Ingles Markets (NASDAQ:IMKTAGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.28 earnings per share for the quarter. Ingles Markets had a net margin of 3.14% and a return on equity of 12.92%. The business had revenue of $1.48 billion during the quarter.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 12th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. Ingles Markets’s dividend payout ratio (DPR) is presently 6.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IMKTA shares. TheStreet downgraded Ingles Markets from a “b” rating to a “c+” rating in a research report on Monday, February 26th. StockNews.com downgraded shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th.

View Our Latest Research Report on IMKTA

Institutional Investors Weigh In On Ingles Markets

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Ingles Markets by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 265,452 shares of the company’s stock valued at $21,940,000 after buying an additional 9,066 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of Ingles Markets by 1.6% in the third quarter. River Road Asset Management LLC now owns 821,291 shares of the company’s stock valued at $61,868,000 after purchasing an additional 12,850 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Ingles Markets during the third quarter worth approximately $1,382,000. Gamco Investors INC. ET AL lifted its holdings in shares of Ingles Markets by 1.7% during the third quarter. Gamco Investors INC. ET AL now owns 542,920 shares of the company’s stock worth $40,898,000 after purchasing an additional 9,030 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in Ingles Markets by 12.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,964 shares of the company’s stock valued at $374,000 after buying an additional 543 shares during the last quarter. 62.58% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Company Profile

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for Ingles Markets (NASDAQ:IMKTA)

Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.