Ingles Markets, Incorporated (NASDAQ:IMKTA) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $26.52 and last traded at $27.57, with a volume of 1752 shares changing hands. The stock had previously closed at $27.57.
Several equities research analysts have recently issued reports on IMKTA shares. BidaskClub lowered Ingles Markets from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Zacks Investment Research upgraded Ingles Markets from a “sell” rating to a “hold” rating in a report on Monday, September 3rd.
The company has a debt-to-equity ratio of 1.51, a current ratio of 1.96 and a quick ratio of 0.50. The stock has a market capitalization of $569.28 million, a P/E ratio of 10.83, a P/E/G ratio of 0.92 and a beta of 0.47.
Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings data on Friday, December 7th. The company reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $1.06 billion for the quarter. Ingles Markets had a return on equity of 16.76% and a net margin of 2.38%. On average, equities analysts predict that Ingles Markets, Incorporated will post 2.75 EPS for the current year.
A number of large investors have recently made changes to their positions in the business. BlueMountain Capital Management LLC acquired a new position in Ingles Markets in the second quarter worth $101,000. Commonwealth Bank of Australia acquired a new position in Ingles Markets in the third quarter worth $164,000. O Shaughnessy Asset Management LLC acquired a new position in Ingles Markets in the third quarter worth $227,000. Virtu Financial LLC acquired a new position in Ingles Markets in the third quarter worth $235,000. Finally, MetLife Investment Advisors LLC boosted its stake in Ingles Markets by 57.8% in the third quarter. MetLife Investment Advisors LLC now owns 9,741 shares of the company’s stock worth $334,000 after purchasing an additional 3,568 shares in the last quarter. Hedge funds and other institutional investors own 63.85% of the company’s stock.
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Ingles Markets Company Profile (NASDAQ:IMKTA)
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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