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Ingles Markets
(NASDAQ:IMKTA)
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Rating:53Neutral
Price Target:
$88.00
▲(2.53% Upside)
Action:Reiterated
Date:08/07/26
IMKTA’s score is driven primarily by mixed financial performance: improving revenue and a strengthening balance sheet are positives, but unusually inconsistent TTM cash flow data adds meaningful uncertainty. Technicals are a notable headwind with price below key moving averages and negative MACD. Valuation appears fair rather than cheap, while recent corporate updates lean positive due to deleveraging and liquidity.
Positive Factors
Strong recent revenue growth
A sustained 41% TTM revenue increase signals meaningful top-line momentum and improved customer traction across stores. Over a 2–6 month horizon this supports economies of scale in purchasing and distribution, funding margin recovery and reinvestment in store operations and logistics.
Negative Factors
Inconsistent cash flow quality
Anomalous TTM cash flow metrics — operating and free cash flow far outpacing net income — undermine confidence in recurring cash generation. This makes forecasting FCF and funding capacity for dividends, buybacks, or capex less reliable and raises the risk of future liquidity surprises.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recent revenue growth
A sustained 41% TTM revenue increase signals meaningful top-line momentum and improved customer traction across stores. Over a 2–6 month horizon this supports economies of scale in purchasing and distribution, funding margin recovery and reinvestment in store operations and logistics.
Read all positive factors
Ingles Markets (IMKTA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.67B
Dividend Yield0.73%
Average Volume (3M)103.27K
Price to Earnings (P/E)16.0
Beta (1Y)0.28
Revenue Growth-0.28%
EPS Growth68.37%
CountryUS
Employees25,551
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)5.53
Shares Outstanding14,548,836
10 Day Avg. Volume126,929
30 Day Avg. Volume103,272
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)0.81
Price to Sales (P/S)0.24
P/FCF Ratio32.96
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ingles Markets Business Overview & Revenue Model
Company Description
Ingles Markets, Incorporated functions as a major supermarket chain predominantly located throughout the southeastern United States. The company provides a comprehensive selection of food products, ranging from fresh produce, meats, and dairy to f...
How the Company Makes Money
Ingles Markets makes money primarily by selling merchandise through its supermarkets. Its largest revenue stream is retail grocery sales, where it earns gross profit as the spread between what it pays suppliers/manufacturers and what consumers pay...
Ingles Markets Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.42B | 5.33B | 5.64B | 5.89B | 5.68B | 4.99B |
| Gross Profit | 1.33B | 1.27B | 1.30B | 1.40B | 1.42B | 1.30B |
| EBITDA | 276.13M | 252.54M | 282.98M | 416.55M | 500.58M | 469.05M |
| Net Income | 103.99M | 83.59M | 105.54M | 210.81M | 272.76M | 249.73M |
Balance Sheet | ||||||
| Total Assets | 2.63B | 2.57B | 2.53B | 2.47B | 2.30B | 2.02B |
| Cash, Cash Equivalents and Short-Term Investments | 455.09M | 366.25M | 353.69M | 328.54M | 267.20M | 75.31M |
| Total Debt | 526.58M | 543.67M | 564.96M | 595.47M | 612.50M | 632.04M |
| Total Liabilities | 948.71M | 950.12M | 982.13M | 1.01B | 1.04B | 1.04B |
| Stockholders Equity | 1.68B | 1.62B | 1.55B | 1.46B | 1.26B | 983.26M |
Cash Flow | ||||||
| Free Cash Flow | 112.90B | 39.60M | 51.66M | 92.82M | 219.89M | 165.70M |
| Operating Cash Flow | 189.37B | 154.10M | 262.52M | 266.41M | 339.50M | 306.30M |
| Investing Cash Flow | -75.82B | -109.94M | -206.18M | -170.10M | -111.99M | -127.98M |
| Financing Cash Flow | -24.62B | -31.60M | -31.18M | -34.97M | -30.62M | -114.90M |
Ingles Markets Technical Analysis
Negative
85.83
Price Trends
89.60
Negative
89.06
Negative
82.50
Positive
Market Momentum
-0.26
Positive
46.43
Neutral
31.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMKTA, the sentiment is Negative. The current price of 85.83 is below the 20-day moving average (MA) of 89.47, below the 50-day MA of 89.60, and above the 200-day MA of 82.50, indicating a neutral trend. The MACD of -0.26 indicates Positive momentum. The RSI at 46.43 is Neutral, neither overbought nor oversold. The STOCH value of 31.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IMKTA.
Ingles Markets Risk Analysis
Ingles Markets disclosed 12 risk factors in its most recent earnings report. Ingles Markets reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ingles Markets Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $587.17M | 11.72 | 10.74% | 2.35% | 4.20% | -3.38% | |
68 Neutral | $738.69M | 15.34 | 22.26% | 1.90% | 3.09% | 16.13% | |
65 Neutral | $1.91B | 19.31 | 7.49% | 1.85% | 4.14% | -0.27% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
53 Neutral | $1.67B | 16.04 | 6.41% | 0.77% | -0.28% | 68.37% | |
49 Neutral | $909.10M | -2.36 | -36.58% | ― | 6.04% | -2370.84% | |
49 Neutral | $5.62B | 144.75 | 2.91% | 5.80% | 2.75% | -95.14% |
* Consumer Defensive Sector Average
IMKTA
Ingles Markets
88.11
26.80
43.71%
VLGEA
Village Super Market
43.17
8.86
25.84%
WMK
Weis Markets
75.25
5.75
8.28%
NGVC
Natural Grocers
28.39
-10.31
-26.64%
GO
Grocery Outlet Holding
9.91
-8.31
-45.61%
ACI
Albertsons Companies
12.01
-6.56
-35.32%
Ingles Markets Corporate Events
Business Operations and StrategyFinancial Disclosures
Ingles Markets Reports Stable Q3 Results, Strong Liquidity
Positive
Aug 6, 2026
Ingles Markets, Inc. reported its financial results for the third quarter and first nine months of fiscal 2026, covering periods ended June 27, 2026, showing modest sales growth but flat quarterly earnings amid higher operating expenses. Third qua...
Executive/Board Changes
Ingles Markets Announces Director Resignation and Board Transition
Neutral
Aug 4, 2026
On July 29, 2026, Ingles Markets director Brenda S. Tudor notified the company that she would resign from the Board of Directors and all committee roles, with her resignation becoming effective on September 8, 2026. Tudor informed the company that...
Financial Disclosures
Ingles Markets Posts Higher Profit Despite Lower Quarterly Sales
Positive
May 7, 2026
Ingles Markets, Incorporated reported financial results on May 7, 2026, for its second quarter and first six months ended March 28, 2026, showing lower quarterly net sales but stronger margins and profitability. Second-quarter net sales slipped 1....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.