Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 727,200 shares, an increase of 7.6% from the December 15th total of 675,600 shares. Based on an average trading volume of 140,600 shares, the days-to-cover ratio is presently 5.2 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.
View Our Latest Stock Analysis on IMKTA
Institutional Trading of Ingles Markets
Ingles Markets Price Performance
Shares of IMKTA traded down $1.23 during mid-day trading on Friday, reaching $63.07. The company had a trading volume of 103,594 shares, compared to its average volume of 123,748. The company’s 50 day simple moving average is $68.23 and its 200 day simple moving average is $69.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 2.89. Ingles Markets has a 1-year low of $59.73 and a 1-year high of $86.16. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.36 and a beta of 0.76.
Ingles Markets (NASDAQ:IMKTA – Get Free Report) last issued its quarterly earnings results on Friday, December 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 6.90% and a net margin of 1.87%.
Ingles Markets Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a $0.165 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. Ingles Markets’s dividend payout ratio is currently 11.89%.
About Ingles Markets
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.
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