Ingles Markets
IMKTA

$72.15

0.73%

Market Cap: $1.37B

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 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

96% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 48

11% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 27

2% more funds holding

Funds holding: 197 [Q1] → 200 (+3) [Q2]

0.21% more ownership

Funds ownership: 83.88% [Q1] → 84.1% (+0.21%) [Q2]

10% less capital invested

Capital invested by funds: $934M [Q1] → $838M (-$96.2M) [Q2]

51% less call options, than puts

Call options by funds: $322K | Put options by funds: $659K

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Research analyst outlook

We haven’t received any recent analyst ratings for IMKTA.

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Financial journalist opinion

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.

Ingles Markets: Expansion Plan, Quite Undervalued

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

ASHEVILLE, N.C.--(BUSINESS WIRE)--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 July 18, 2024, to all shareholders of record on July 11, 2024.

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

Ingles Markets' Undervaluation Remains As Investors Get Startled By Slower Inflation

Ingles Markets has reported revenue declines in H1/FY2024 as food inflation and gas prices have shown very low year-over-year inflation. The operating margin has also continued to fall back into a historical long-term average at quite a rapid pace. Real estate assets on IMKTA's balance sheet provide potential for shareholder value through a sale-and-leaseback or acquisition, but I believe such transactions to be unlikely.

Ingles Markets' Undervaluation Remains As Investors Get Startled By Slower Inflation

Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2024

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported sales for the three and six months ended March 30, 2024. Robert P. Ingle II, Chairman of the Board, stated, “We are pleased with our results and thank all our associates for their continued service to our customers and company.” Second Quarter 2024 Results Net sales totaled $1.37 billion for the quarter ended March 30, 2024, a decrease of 0.95% compared with $1.38 billion for the quarter ended March 25.

Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2024

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 April 18, 2024, to all shareholders of record on April 11, 2024.

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

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7 Value Stocks to Buy at a 52-Week Low in March

Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2024

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three months ended December 30, 2023. Robert P. Ingle II, Chairman of the Board, stated, “During the quarter, we remained focused on providing service and value to our customers. We are grateful to our associates for their continued dedication and service.” First Quarter 2024 Results Net sales totaled $1.48 billion for the quarter ended December 30, 2023, a decrease of 0.8% compared wit.

Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2024

Ingles Markets: Store Renovation And Undervalued Supermarket Business

Ingles Markets reports merchandising activities financed by vendors and a decrease in net debt/EBITDA ratio. The company's expansion plan, growth in the prepared food market, loyalty programs, and apps could bring new sales growth. The apps promoted in Google Play and the Apple Store could also enhance the shopping experience of clients.

Ingles Markets: Store Renovation And Undervalued Supermarket Business

Ingles Markets: Still Low-Risk And Cheap

Ingles Markets' H2/FY2023 results show solid performance, as margins have been sustained at a great level with mostly stable revenues. After my previous write-up, the stock has remained relatively flat despite earnings above my expectations. The stock still seems to have a great undervaluation, as my DCF model estimates a very good amount of upside.

Ingles Markets: Still Low-Risk And Cheap

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 19, 2024, to all shareholders of record on January 12,.

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

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