Ingles Markets, Incorporated (NASDAQ:IMKTA) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also given Ingles Markets an industry rank of 138 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently weighed in on IMKTA shares. BidaskClub upgraded Ingles Markets from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. TheStreet upgraded Ingles Markets from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Finally, Zacks Investment Research lowered Ingles Markets from a “buy” rating to a “hold” rating in a report on Thursday, February 8th.
Shares of Ingles Markets (NASDAQ IMKTA) opened at $33.70 on Monday. The firm has a market capitalization of $682.73, a PE ratio of 8.00, a PEG ratio of 3.57 and a beta of 0.63. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 0.37. Ingles Markets has a one year low of $20.75 and a one year high of $47.95.
Ingles Markets (NASDAQ:IMKTA) last released its earnings results on Friday, February 9th. The company reported $2.23 EPS for the quarter. Ingles Markets had a return on equity of 16.66% and a net margin of 2.11%. The business had revenue of $1.01 billion during the quarter. sell-side analysts expect that Ingles Markets will post 2.95 EPS for the current year.
Ingles Markets Company Profile
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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