River Road Asset Management LLC Raises Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

River Road Asset Management LLC lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTAFree Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 976,424 shares of the company’s stock after buying an additional 5,398 shares during the period. River Road Asset Management LLC owned approximately 5.14% of Ingles Markets worth $62,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IMKTA. FNY Investment Advisers LLC purchased a new stake in Ingles Markets during the 4th quarter worth approximately $96,000. Caprock Group LLC purchased a new stake in Ingles Markets during the 3rd quarter worth approximately $203,000. Captrust Financial Advisors purchased a new stake in Ingles Markets during the 3rd quarter worth approximately $206,000. Intech Investment Management LLC purchased a new stake in Ingles Markets during the 3rd quarter worth approximately $266,000. Finally, Virtu Financial LLC purchased a new stake in Ingles Markets during the 3rd quarter worth approximately $318,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Read Our Latest Analysis on Ingles Markets

Ingles Markets Stock Up 1.8 %

NASDAQ:IMKTA opened at $63.99 on Tuesday. The company has a market cap of $1.22 billion, a PE ratio of 15.46 and a beta of 0.71. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $64.24 and its two-hundred day moving average is $67.36.

Ingles Markets (NASDAQ:IMKTAGet Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.87 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is currently 15.94%.

Ingles Markets Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ingles Markets (NASDAQ:IMKTA)

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