Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sells $401,386.02 in Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 5,901 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.02, for a total transaction of $401,386.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sharp Laura Ingle also recently made the following trade(s):

• On Monday, June 24th, Sharp Laura Ingle sold 4,799 shares of Ingles Markets stock. The stock was sold at an average price of $70.38, for a total value of $337,753.62.
• On Monday, June 10th, Sharp Laura Ingle sold 6,000 shares of Ingles Markets stock. The shares were sold at an average price of $70.25, for a total value of $421,500.00.

Ingles Markets Trading Up 0.3 %

Shares of IMKTA stock opened at $68.61 on Monday. The firm’s fifty day simple moving average is $71.76 and its 200 day simple moving average is $76.97. Ingles Markets, Incorporated has a 1 year low of $67.10 and a 1 year high of $89.59. The company has a current ratio of 3.20, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.30 billion, a P/E ratio of 7.40 and a beta of 0.67.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $1.68 earnings per share (EPS) for the quarter. The firm had revenue of $1.37 billion during the quarter. Ingles Markets had a net margin of 3.00% and a return on equity of 11.97%.

Institutional Investors Weigh In On Ingles Markets

Several hedge funds have recently bought and sold shares of IMKTA. River Road Asset Management LLC increased its stake in Ingles Markets by 1.3% in the 4th quarter. River Road Asset Management LLC now owns 832,191 shares of the company’s stock valued at $71,876,000 after buying an additional 10,900 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Ingles Markets by 1.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 550,595 shares of the company’s stock valued at $42,220,000 after buying an additional 6,475 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ingles Markets by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,124 shares of the company’s stock worth $26,872,000 after buying an additional 23,854 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Ingles Markets by 9.5% in the third quarter. American Century Companies Inc. now owns 257,857 shares of the company’s stock valued at $19,424,000 after acquiring an additional 22,400 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of Ingles Markets by 2.6% in the first quarter. Bridgeway Capital Management LLC now owns 231,074 shares of the company’s stock valued at $17,719,000 after acquiring an additional 5,950 shares during the period. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Company Profile

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.