Ingles Markets, Incorporated (NASDAQ:IMKTA) – Equities researchers at G.Research issued their FY2020 earnings estimates for Ingles Markets in a research note issued to investors on Wednesday, December 11th. G.Research analyst D. Witkowski expects that the company will post earnings of $4.30 per share for the year. G.Research also issued estimates for Ingles Markets’ FY2021 earnings at $4.70 EPS, FY2022 earnings at $5.10 EPS and FY2023 earnings at $5.65 EPS.
IMKTA has been the subject of several other research reports. Zacks Investment Research downgraded shares of Ingles Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. BidaskClub upgraded Ingles Markets from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.
Several institutional investors and hedge funds have recently modified their holdings of IMKTA. Janus Henderson Group PLC lifted its position in Ingles Markets by 67.3% in the second quarter. Janus Henderson Group PLC now owns 887,453 shares of the company’s stock valued at $27,626,000 after purchasing an additional 356,987 shares during the last quarter. Vanguard Group Inc. grew its stake in Ingles Markets by 6.0% in the second quarter. Vanguard Group Inc. now owns 1,053,931 shares of the company’s stock worth $32,808,000 after purchasing an additional 59,330 shares during the period. Wells Fargo & Company MN grew its stake in Ingles Markets by 32.2% in the second quarter. Wells Fargo & Company MN now owns 202,623 shares of the company’s stock worth $6,308,000 after purchasing an additional 49,312 shares during the period. Hancock Whitney Corp purchased a new stake in Ingles Markets in the third quarter worth $1,139,000. Finally, Denali Advisors LLC grew its stake in Ingles Markets by 99.2% in the third quarter. Denali Advisors LLC now owns 53,708 shares of the company’s stock worth $2,087,000 after purchasing an additional 26,745 shares during the period. Hedge funds and other institutional investors own 66.11% of the company’s stock.
Ingles Markets Company Profile
Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.
Featured Article: What are trading strategies for the 52-week high/low?
Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.