Captrust Financial Advisors Purchases Shares of 2,758 Ingles Markets, Incorporated (NASDAQ:IMKTA)

Captrust Financial Advisors purchased a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,758 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors also recently bought and sold shares of the business. River Road Asset Management LLC grew its stake in shares of Ingles Markets by 7.1% during the 3rd quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock valued at $72,439,000 after buying an additional 64,296 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock valued at $30,255,000 after buying an additional 31,027 shares during the period. Gabelli Funds LLC boosted its position in Ingles Markets by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 376,100 shares of the company’s stock worth $25,804,000 after purchasing an additional 1,000 shares during the period. American Century Companies Inc. boosted its position in Ingles Markets by 9.5% during the 2nd quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock worth $25,330,000 after purchasing an additional 32,013 shares during the period. Finally, Brandes Investment Partners LP boosted its position in Ingles Markets by 111.0% during the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after purchasing an additional 103,507 shares during the period. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 21st.

Ingles Markets Stock Performance

NASDAQ:IMKTA opened at $68.18 on Tuesday. The stock has a market cap of $1.30 billion, a P/E ratio of 8.11 and a beta of 0.74. The firm has a 50-day moving average of $67.80 and a two-hundred day moving average of $70.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $89.59.

Ingles Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.66 annualized dividend and a yield of 0.97%. Ingles Markets’s dividend payout ratio (DPR) is 7.86%.

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.