Ingles (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 assigned Ingles an industry rank of 162 out of 265 based on the ratings given to related companies.
IMKTA has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Ingles from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Zacks Investment Research cut shares of Ingles from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, TheStreet cut shares of Ingles from a “b-” rating to a “c+” rating in a research report on Friday, May 11th.
Ingles traded up $0.50, reaching $29.95, during trading on Friday, MarketBeat.com reports. 126,200 shares of the company were exchanged, compared to its average volume of 111,132. The stock has a market cap of $578.39 million, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.03 and a beta of 0.58. Ingles has a twelve month low of $28.55 and a twelve month high of $29.25. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.81 and a quick ratio of 0.38.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, April 12th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, April 11th. Ingles’s payout ratio is 24.81%.
Ingles Company Profile
Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.
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