BidaskClub cut shares of Ingles Markets (NASDAQ:IMKTA) from a buy rating to a hold rating in a research note published on Tuesday.

A number of other research firms have also weighed in on IMKTA. Zacks Investment Research lowered shares of Ingles Markets from a hold rating to a sell rating in a research report on Wednesday, August 15th. ValuEngine raised shares of Ingles Markets from a strong sell rating to a sell rating in a research report on Tuesday, July 31st.

IMKTA stock opened at $33.70 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.96 and a quick ratio of 0.50. Ingles Markets has a 1 year low of $22.63 and a 1 year high of $37.65. The firm has a market capitalization of $688.81 million, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.91 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 2.38% and a return on equity of 16.76%. The business had revenue of $1.03 billion during the quarter. equities analysts forecast that Ingles Markets will post 2.75 earnings per share for the current year.

In other Ingles Markets news, Director Sharp Laura Ingle sold 2,500 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $36.00, for a total transaction of $90,000.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at approximately $1,080,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 29.50% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. BlueMountain Capital Management LLC bought a new position in shares of Ingles Markets during the 2nd quarter worth about $101,000. Citigroup Inc. increased its holdings in shares of Ingles Markets by 73.4% during the 1st quarter. Citigroup Inc. now owns 4,758 shares of the company’s stock worth $161,000 after purchasing an additional 2,014 shares during the period. Victory Capital Management Inc. bought a new position in shares of Ingles Markets during the 1st quarter worth about $497,000. Strs Ohio increased its holdings in shares of Ingles Markets by 19.8% during the 2nd quarter. Strs Ohio now owns 26,000 shares of the company’s stock worth $826,000 after purchasing an additional 4,300 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Ingles Markets by 87.5% during the 1st quarter. New York State Common Retirement Fund now owns 29,623 shares of the company’s stock worth $1,003,000 after purchasing an additional 13,823 shares during the period. Institutional investors own 63.86% of the company’s stock.

Ingles Markets Company Profile

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.

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