Ingles Markets, Incorporated (NASDAQ:IMKTA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also assigned Ingles Markets an industry rank of 168 out of 265 based on the ratings given to related companies.
Several analysts have recently weighed in on IMKTA shares. TheStreet upgraded Ingles Markets from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. BidaskClub upgraded Ingles Markets from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research lowered Ingles Markets from a “buy” rating to a “hold” rating in a research note on Thursday.
Ingles Markets (NASDAQ IMKTA) traded up $1.80 during trading hours on Friday, hitting $31.95. The stock had a trading volume of 133,138 shares, compared to its average volume of 99,167. Ingles Markets has a fifty-two week low of $20.75 and a fifty-two week high of $48.35. The company has a market capitalization of $610.81, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 3.31 and a beta of 0.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.39 and a current ratio of 1.82.
Ingles Markets (NASDAQ:IMKTA) last released its earnings results on Thursday, December 7th. The company reported $0.96 earnings per share for the quarter. Ingles Markets had a return on equity of 10.92% and a net margin of 1.35%. The business had revenue of $1.09 billion during the quarter. analysts forecast that Ingles Markets will post 2.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Thursday, January 11th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 2.07%. Ingles Markets’s dividend payout ratio is currently 24.81%.
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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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