Ingles MarketsIMKTA
IMKTA
About: Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
Employees: 26,420
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
160% more call options, than puts
Call options by funds: $2.58M | Put options by funds: $992K
19% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 21
12% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 69
9% more capital invested
Capital invested by funds: $856M [Q2] → $932M (+$75.4M) [Q3]
2% more funds holding
Funds holding: 202 [Q2] → 206 (+4) [Q3]
0.04% more ownership
Funds ownership: 85.91% [Q2] → 85.94% (+0.04%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for IMKTA.
Financial journalist opinion
Based on 5 articles about IMKTA published over the past 30 days
Neutral
Business Wire
3 days ago
Ingles Markets, Incorporated Declares Quarterly Cash Dividend
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable January 16, 2025, to all shareholders of record on January 9, 2.
Negative
Seeking Alpha
4 days ago
Ingles Markets: Hurricane Helene Impact Is Phasing Out
Hurricane Helene significantly impacted Ingles Markets' operations from late September forward, causing $35 million in impairments and temporary store closures. The fiscal Q4 results showed weakness from the impairments and two days of lost sales already, but the main sales impact is likely to be recorded in Ingles Markets' Q1. Only three of Ingles Markets' 198 stores remain closed in late December, and the company's distribution center already returned to full operations two weeks after the hurricane.
Negative
Benzinga
6 days ago
Ingles Markets, Tesla And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Friday.
Neutral
Business Wire
6 days ago
Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2024
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 28, 2024. Robert P. Ingle II, Chairman of the Board, stated, “After Hurricane Helene impacted our communities, I am proud of how not only our associates came together, but our entire region. We are truly thankful for all the volunteers and the outpouring of support for our region.” Impact of Hurricane Helene On September 27, 2024, Hurricane Helene.
Neutral
Business Wire
1 week ago
Ingles Markets, Incorporated Reports Receipt of Notice from Nasdaq Regarding Delayed Filing of Annual Report on Form 10-K
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) (the “Company”), today announced that it received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”), stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended September 28, 2024 (the “Annual Report”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financ.
Neutral
Business Wire
2 months ago
Ingles Markets, Incorporated Reports Second Update on the Impact of Hurricane Helene
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced improvements since Hurricane Helene impacted the operation of both the company's stores and its distribution center. Of our 198 stores, 194 stores are currently open. Four of our stores sustained damage due to flooding and winds and are temporarily closed. We expect all four to reopen over the next three to nine months. Our distribution center is fully operational and has returned to normal operations.
Neutral
Business Wire
3 months ago
Ingles Markets, Incorporated Reports Update on the Impact of Hurricane Helene
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that Hurricane Helene has impacted both stores and distribution center operations. Our hearts are heavy for those in our communities who lost lives, loved ones, homes and access to basic necessities. Hurricane Helene brought with it unprecedented flooding and property damage, together with continuing power and water outages, which have impacted our footprint of operations. Currently, of our 198 stores.
Neutral
Business Wire
3 months ago
Ingles Markets, Incorporated Declares Quarterly Cash Dividend
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable October 17, 2024, to all shareholders of record on October 10,.
Neutral
24/7 Wall Street
3 months ago
3 Small Cap Gems That Could Be Big Beneficiaries Of This Ongoing Capital Rotation
This week's CPI report came in roughly in line with expectations, with average prices paid by consumers rising 2.5% on a year-over-year basis.
Positive
Seeking Alpha
4 months ago
Ingles Markets: Expansion Plan, Quite Undervalued
Ingles Markets Inc. plans to expand and renovate stores, which is expected to drive economies of scale, net sales, and FCF growth. The company has shown impressive equity growth, book value per share growth, and reduced net debt over the past decade. The company's long term expertise in the market, net income growth, and equity growth experienced in the last decade prove that IMKTA conducts a successful business model.
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