Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 5,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $41.04, for a total transaction of $205,200.00. Following the completion of the transaction, the director now directly owns 13,712 shares in the company, valued at approximately $562,740.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Sharp Laura Ingle also recently made the following trade(s):

  • On Thursday, September 5th, Sharp Laura Ingle sold 1,288 shares of Ingles Markets stock. The shares were sold at an average price of $40.05, for a total transaction of $51,584.40.
  • On Friday, June 28th, Sharp Laura Ingle sold 5,000 shares of Ingles Markets stock. The stock was sold at an average price of $31.06, for a total transaction of $155,300.00.
  • On Monday, June 17th, Sharp Laura Ingle sold 5,000 shares of Ingles Markets stock. The stock was sold at an average price of $32.01, for a total transaction of $160,050.00.

IMKTA traded up $0.76 during midday trading on Monday, hitting $40.89. The stock had a trading volume of 138,176 shares, compared to its average volume of 63,630. The company has a market cap of $807.93 million, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 0.71 and a beta of 0.37. The business has a fifty day moving average of $34.56 and a 200 day moving average of $30.90. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.47 and a current ratio of 2.06. Ingles Markets, Incorporated has a 1 year low of $25.57 and a 1 year high of $41.33.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.16 EPS for the quarter. The firm had revenue of $1.06 billion for the quarter. Ingles Markets had a net margin of 1.89% and a return on equity of 12.75%. On average, equities research analysts anticipate that Ingles Markets, Incorporated will post 3.9 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Ingles Markets from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, August 14th. BidaskClub upgraded Ingles Markets from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 10th. Finally, ValuEngine upgraded Ingles Markets from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 9th.

Several institutional investors have recently made changes to their positions in IMKTA. Quantamental Technologies LLC bought a new position in Ingles Markets during the 2nd quarter worth approximately $30,000. New York State Teachers Retirement System purchased a new position in Ingles Markets in the 2nd quarter worth approximately $37,000. Bank of Montreal Can increased its stake in Ingles Markets by 86.1% in the 2nd quarter. Bank of Montreal Can now owns 2,484 shares of the company’s stock worth $77,000 after purchasing an additional 1,149 shares during the period. BNP Paribas Arbitrage SA lifted its position in Ingles Markets by 49,133.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,954 shares of the company’s stock valued at $82,000 after purchasing an additional 2,948 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Ingles Markets by 21.9% in the second quarter. JPMorgan Chase & Co. now owns 6,244 shares of the company’s stock valued at $197,000 after purchasing an additional 1,123 shares during the last quarter. 65.03% of the stock is owned by institutional investors.

About Ingles Markets

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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