Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ingles Markets, (IMKTA) Stock Price
Headlines about Ingles Markets, (NASDAQ:IMKTA) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingles Markets, earned a news impact score of 0.17 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.1166186048498 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, Zacks Investment Research raised Ingles Markets, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th.
Shares of Ingles Markets, (IMKTA) traded up 1.66% on Wednesday, reaching $24.45. 66,764 shares of the company were exchanged. The company has a market capitalization of $495.33 million, a P/E ratio of 10.19 and a beta of 0.69. The stock has a 50 day moving average of $24.32 and a 200-day moving average of $32.80. Ingles Markets, has a 52-week low of $20.75 and a 52-week high of $52.40.
Ingles Markets, (NASDAQ:IMKTA) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter. The firm had revenue of $984.40 million for the quarter. Ingles Markets, had a net margin of 1.26% and a return on equity of 10.08%. On average, analysts predict that Ingles Markets, will post $2.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, October 12th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, October 11th. Ingles Markets,’s dividend payout ratio (DPR) is presently 27.50%.
In other Ingles Markets, news, Director Sharp Laura Ingle sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $24.97, for a total value of $124,850.00. Following the sale, the director now owns 2,500 shares of the company’s stock, valued at $62,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.30% of the stock is owned by corporate insiders.
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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