Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Ingles Markets an industry rank of 115 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Ingles Markets from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.

Ingles Markets (NASDAQ IMKTA) opened at $29.40 on Tuesday. The firm has a market cap of $566.24, a price-to-earnings ratio of 11.65, a PEG ratio of 3.57 and a beta of 0.73. The company has a quick ratio of 0.31, a current ratio of 1.63 and a debt-to-equity ratio of 1.68. Ingles Markets has a 52 week low of $20.75 and a 52 week high of $52.40.

In related news, Director Sharp Laura Ingle sold 5,000 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $24.97, for a total value of $124,850.00. Following the sale, the director now owns 2,500 shares of the company’s stock, valued at approximately $62,425. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 30.30% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new position in shares of Ingles Markets in the third quarter worth about $11,931,000. Citadel Advisors LLC lifted its position in shares of Ingles Markets by 550.3% in the third quarter. Citadel Advisors LLC now owns 119,355 shares of the company’s stock worth $3,067,000 after purchasing an additional 101,000 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Ingles Markets by 29.9% in the third quarter. Prudential Financial Inc. now owns 347,596 shares of the company’s stock worth $8,933,000 after purchasing an additional 79,940 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Ingles Markets in the third quarter worth approximately $1,435,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Ingles Markets by 148.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 91,486 shares of the company’s stock worth $3,046,000 after purchasing an additional 54,600 shares in the last quarter. Institutional investors own 59.40% of the company’s stock.

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About Ingles Markets

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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