Ingles Markets (NASDAQ:IMKTA) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Tuesday, December 26th.
Several other equities research analysts have also issued reports on the stock. BidaskClub upgraded shares of Ingles Markets from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Ingles Markets from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th.
Shares of Ingles Markets (IMKTA) opened at $34.40 on Tuesday. The stock has a market cap of $683.77, a PE ratio of 12.93, a PEG ratio of 3.83 and a beta of 0.73. The company has a quick ratio of 0.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.69. Ingles Markets has a twelve month low of $20.75 and a twelve month high of $48.80.
A number of hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its stake in Ingles Markets by 4.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,266,402 shares of the company’s stock worth $32,547,000 after buying an additional 48,893 shares during the period. Dimensional Fund Advisors LP increased its stake in Ingles Markets by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,184,752 shares of the company’s stock worth $30,448,000 after buying an additional 3,984 shares during the period. Vanguard Group Inc. increased its stake in Ingles Markets by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,032,352 shares of the company’s stock worth $34,378,000 after buying an additional 33,192 shares during the period. Gabelli Funds LLC increased its stake in Ingles Markets by 0.4% in the 3rd quarter. Gabelli Funds LLC now owns 934,600 shares of the company’s stock worth $24,019,000 after buying an additional 4,000 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in Ingles Markets in the 3rd quarter worth about $11,931,000. 59.40% of the stock is currently owned by institutional investors.
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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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