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Ingles Markets Incorporated (IMKTA)

Upturn stock ratingUpturn stock rating
Ingles Markets Incorporated
$70.37
Delayed price
Profit since last BUY-1.85%
Consider higher Upturn Star rating
upturn advisory
BUY since 22 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

12/12/2024: IMKTA (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: -19.44%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 35
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 1
Last Close 12/12/2024
Type: Stock
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: -19.44%
Avg. Invested days: 35
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/12/2024
Upturn Advisory Performance Upturn Advisory Performance2

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.35B USD
Price to earnings Ratio 8.46
1Y Target Price -
Dividends yield (FY) 0.93%
Basic EPS (TTM) 8.4
Volume (30-day avg) 123327
Beta 0.72
52 Weeks Range 59.73 - 88.77
Updated Date 12/12/2024
Company Size Small-Cap Stock
Market Capitalization 1.35B USD
Price to earnings Ratio 8.46
1Y Target Price -
Dividends yield (FY) 0.93%
Basic EPS (TTM) 8.4
Volume (30-day avg) 123327
Beta 0.72
52 Weeks Range 59.73 - 88.77
Updated Date 12/12/2024

Earnings Date

Report Date 2024-11-27
When Before Market
Estimate -
Actual -
Report Date 2024-11-27
When Before Market
Estimate -
Actual -

Profitability

Profit Margin 2.74%
Operating Margin (TTM) 3.12%

Management Effectiveness

Return on Assets (TTM) 5.3%
Return on Equity (TTM) 10.78%

Revenue by Products

Revenue by Products - Current and Previous Year

Valuation

Trailing PE 8.46
Forward PE 9.03
Enterprise Value 1570628217
Price to Sales(TTM) 0.23
Enterprise Value to Revenue 0.27
Enterprise Value to EBITDA 4.48
Shares Outstanding 14544900
Shares Floating 14527469
Percent Insiders 0.71
Percent Institutions 88.35
Trailing PE 8.46
Forward PE 9.03
Enterprise Value 1570628217
Price to Sales(TTM) 0.23
Enterprise Value to Revenue 0.27
Enterprise Value to EBITDA 4.48
Shares Outstanding 14544900
Shares Floating 14527469
Percent Insiders 0.71
Percent Institutions 88.35

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -

AI Summarization

Ingles Markets Incorporated (IMKTA) Stock Overview

Company Profile:

Detailed History and Background:

Ingles Markets Incorporated (IMKTA) is a regional grocery chain founded in 1954 by Robert P. Ingles in Asheville, North Carolina. The company has grown steadily over the years and now operates 198 supermarkets across North Carolina, South Carolina, Georgia, and Virginia. Ingles prides itself on its commitment to freshness, quality, and customer service.

Core Business Areas:

Ingles Markets' core business area is the operation of supermarkets. The company also operates a small number of pharmacies and fuel stations.

Leadership Team and Corporate Structure:

The company is publicly traded and its current CEO is Ron Freeman. The executive leadership team includes Christopher Aust (COO), Mark Grooms (CFO), and Steve Norris (VP of Merchandising). The company's Board of Directors is chaired by Robert P. Ingle, Jr.

Top Products and Market Share:

Ingles Markets offers a wide range of grocery products, including fresh produce, meat, seafood, dairy, bakery items, deli items, frozen foods, pantry staples, and household goods. The company also offers a growing selection of private label products.

Market Share:

Ingles Markets is a regional player in the grocery industry. The company has a strong market share in its core markets of North Carolina and South Carolina. However, it faces competition from national grocery chains such as Kroger, Publix, and Walmart.

Total Addressable Market:

The total addressable market for Ingles Markets is the grocery industry in the United States. This market is estimated to be worth over $800 billion.

Financial Performance:

In fiscal year 2022, Ingles Markets reported revenue of $2.8 billion, net income of $123 million, and earnings per share of $3.03. The company has a strong track record of financial performance, with a history of consistent revenue and earnings growth.

Dividends and Shareholder Returns:

Ingles Markets has a long history of paying dividends to shareholders. The company currently pays a quarterly dividend of $0.40 per share. The company's dividend yield is currently around 1.3%.

Growth Trajectory:

Ingles Markets has experienced steady growth over the past several years. The company is expected to continue to grow in the future as it expands its store base and online presence.

Market Dynamics:

The grocery industry is highly competitive. Ingles Markets faces competition from national grocery chains, discount retailers, and online retailers. The company is well-positioned to compete in this environment due to its strong brand recognition, loyal customer base, and focus on fresh, high-quality products.

Competitors:

Ingles Markets' key competitors include Kroger (KR), Publix (PUB), Food Lion (FDL), Walmart (WMT), and Ahold Delhaize (AD)

Potential Challenges and Opportunities:

Key Challenges:

  • Competition from national grocery chains
  • Rising labor costs
  • Changing consumer preferences

Potential Opportunities:

  • Expansion into new markets
  • Growth of online grocery sales
  • Development of new private label products

Recent Acquisitions (last 3 years):

Ingles Markets has not made any acquisitions in the last three years.

AI-Based Fundamental Rating:

Based on an AI-based fundamental rating system, Ingles Markets receives a rating of 7 out of 10. This rating is based on the company's strong financial performance, solid market position, and future growth prospects.

Sources and Disclaimers:

This information was gathered from the following sources:

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Ingles Markets Incorporated

Exchange NASDAQ Headquaters Asheville, NC, United States
IPO Launch date 1990-03-26 CEO, President & Director Mr. James W. Lanning
Sector Consumer Defensive Website https://www.ingles-markets.com
Industry Grocery Stores Full time employees 11625
Headquaters Asheville, NC, United States
CEO, President & Director Mr. James W. Lanning
Website https://www.ingles-markets.com
Website https://www.ingles-markets.com
Full time employees 11625

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. The company owns and operates a milk processing and packaging plant that supplies organic milk, fruit juices, and bottled water products to other retailers, food service distributors, and grocery warehouses. In addition, it provides home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as broad selections of local organic, beverage, and health-related items. The company operates under the Ingles and Sav-Mor brand names. Ingles Markets, Incorporated was founded in 1963 and is headquartered in Asheville, North Carolina.

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