Ingles Markets, Incorporated (NASDAQ:IMKTA) Short Interest Update

Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating ) saw a large decline in short interest during the month of October. There was a total of 415 thousand 100 shares of short interest on October 31st, which was a 10.3% decrease from 462 thousand 700 shares on October 15th. Based on an average daily trading volume of 97,400 shares, the day-to-day ratio is currently 4.3 days.

Performance of English Stock Markets

NASDAQ:IMKTA opened at $96.64 on Wednesday. The stock has a 50-day moving average of $87.63 and a 200-day moving average of $90.03. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 6.69 and a beta of 0.66. Ingles Markets has a 1-year low of $74.63 and a 1-year high of $102.88. The company has a debt ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.13.

Ingles Markets Announces Dividend

The business also last disclosed a quarterly dividend, which was paid on Thursday, October 13th. Shares of the record were issued a $0.165 dividend on Thursday, October 6th. The previous distribution date for this distribution was Wednesday, October 5. This represents an annual dividend of $0.66 and a yield of 0.68%. Ingles Markets’ current payout ratio is 4.57%.

Also Read :  S&P/TSX composite hits new low for year, U.S. markets mixed in volatile trading

Analysts Set New Price Targets

Separately, began coverage on Ingles Markets in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

Institutional Trading of English Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein LP lifted its position in Ingles Markets by 32.1% in the third quarter. Alliancebernstein LP now owns 17,700 shares of the company’s stock valued at $1,402,000 after buying an additional 4,300 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Ingles Markets during the third quarter worth about $574,000. Vanguard Group Inc. boosted its stake in shares of Ingles Markets by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,212,017 shares of the company’s stock valued at $96,004,000 after purchasing an additional 15,239 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Ingles Markets by 19.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 5,801 shares of the company’s stock valued at $460,000 after buying an additional 933 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Ingles Markets during the third quarter worth approximately $1,735,000. Institutional investors own 65.23 percent of the company.

Also Read :  Investors shouldn't wait for the Fed to rescue the market this time

Ingles Markets Company Profile

(Get Rating)

Ingles Markets, Incorporated operates a chain of supermarkets in the southeastern United States. It offers food products, including groceries, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel stations, pharmacies, health care and beauty products, and general merchandise, as well as private label items.

Also Read :  Ingles Markets Stock: Still Drastically Undervalued (NASDAQ:IMKTA)

See also

This instant news alert is powered by predictive science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Ingles Markets, you’ll want to hear this.

MarketBeat tracks the highest and best Wall Street research analysts and the stocks they recommend to their clients daily. MarketBeat identified five stocks that mainstream analysts are quietly telling their clients to buy now before the broader market kicks in… and Ingles Markets wasn’t on the list.

While Ingles Markets currently has a “N/A” rating among analysts, top analysts believe these five stocks are better buys.

Here’s a Look at Five Stocks


Leave a Reply

Your email address will not be published.