Ingles Markets Inc. (IMKTA)
NASDAQ:IMKTA
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Ingles Markets
(NASDAQ:IMKTA)
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Rating:56Neutral
Price Target:
$89.00
▲(15.15% Upside)
Action:Reiterated
Date:05/09/26
IMKTA scores in the mid-range primarily due to mixed financial performance: a solid, improving balance sheet is offset by weaker recent revenue trends and compressed profitability, with cash flow signals made less reliable by anomalous TTM figures. Technicals are mildly bearish/neutral in the near term, while valuation support is limited because the provided P/E is unusable and the dividend yield is modest. Recent corporate updates are a small positive due to improved margins/profitability and lower debt.
Positive Factors
Improving Leverage
A materially lower debt-to-equity ratio and a steadily growing equity base provide durable financial flexibility for a regional grocer. Lower leverage reduces interest burden and insolvency risk, allowing management to sustain operations, finance targeted store investments, and withstand cyclical sales softness over months.
Negative Factors
Softening Revenue Trends
Persistent revenue declines materially weaken scale economics for a supermarket operator. Reduced top-line undermines category leverage, diminishes purchasing clout with suppliers, and constrains absorption of fixed costs, making margin and profit recovery more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
A materially lower debt-to-equity ratio and a steadily growing equity base provide durable financial flexibility for a regional grocer. Lower leverage reduces interest burden and insolvency risk, allowing management to sustain operations, finance targeted store investments, and withstand cyclical sales softness over months.
Read all positive factors
Ingles Markets (IMKTA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.61B
Dividend Yield0.93%
Average Volume (3M)103.27K
Price to Earnings (P/E)17.4
Beta (1Y)0.26
Revenue Growth-0.28%
EPS Growth68.37%
CountryUS
Employees11,072
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)5.58
Shares Outstanding14,548,686
10 Day Avg. Volume126,929
30 Day Avg. Volume103,272
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)0.81
Price to Sales (P/S)0.24
P/FCF Ratio32.96
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit1.34
Enterprise Value/Ebitda6.42
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 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 f...
How the Company Makes Money
Ingles Markets primarily makes money by selling products to consumers through its supermarkets, recognizing revenue at the point of sale across a broad mix of categories such as food (including perishable departments like produce, meat, and dairy)...
Ingles Markets Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.40B | 5.33B | 5.64B | 5.89B | 5.68B | 4.99B |
| Gross Profit | 1.32B | 1.27B | 1.30B | 1.40B | 1.42B | 1.30B |
| EBITDA | 276.18M | 252.54M | 282.98M | 416.55M | 500.58M | 469.05M |
| Net Income | 104.29M | 83.59M | 105.54M | 210.81M | 272.76M | 249.73M |
Balance Sheet | ||||||
| Total Assets | 2.59B | 2.57B | 2.53B | 2.47B | 2.30B | 2.02B |
| Cash, Cash Equivalents and Short-Term Investments | 418.00M | 366.25M | 353.69M | 328.54M | 267.20M | 75.31M |
| Total Debt | 530.47M | 543.67M | 564.96M | 595.47M | 612.50M | 632.04M |
| Total Liabilities | 932.91M | 950.12M | 982.13M | 1.01B | 1.04B | 1.04B |
| Stockholders Equity | 1.66B | 1.62B | 1.55B | 1.46B | 1.26B | 983.26M |
Cash Flow | ||||||
| Free Cash Flow | 151.34M | 39.60M | 51.66M | 92.82M | 219.89M | 165.70M |
| Operating Cash Flow | 256.89M | 154.10M | 262.52M | 266.41M | 339.50M | 306.30M |
| Investing Cash Flow | -104.59M | -109.94M | -206.18M | -170.10M | -111.99M | -127.98M |
| Financing Cash Flow | -31.62M | -31.60M | -31.18M | -34.97M | -30.62M | -114.90M |
Ingles Markets Technical Analysis
Positive
77.29
Price Trends
88.60
Negative
83.57
Positive
76.97
Positive
Market Momentum
-0.73
Positive
48.82
Neutral
67.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMKTA, the sentiment is Positive. The current price of 77.29 is below the 20-day moving average (MA) of 87.80, below the 50-day MA of 88.60, and above the 200-day MA of 76.97, indicating a neutral trend. The MACD of -0.73 indicates Positive momentum. The RSI at 48.82 is Neutral, neither overbought nor oversold. The STOCH value of 67.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $613.52M | 7.26 | 11.37% | 2.63% | 4.60% | 4.65% | |
67 Neutral | $1.78B | 15.16 | 7.49% | 2.06% | 4.14% | -0.27% | |
66 Neutral | $676.25M | 11.11 | 22.26% | 1.99% | 3.09% | 16.13% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | $1.61B | 17.42 | 6.41% | 0.93% | -0.28% | 68.37% | |
51 Neutral | $8.43B | -4.74 | 8.17% | 3.49% | 3.46% | -80.55% | |
48 Neutral | $804.24M | -0.99 | -36.58% | ― | 6.04% | -2370.84% |
* Consumer Defensive Sector Average
IMKTA
Ingles Markets
87.36
28.07
47.35%
VLGEA
Village Super Market
46.60
11.38
32.30%
WMK
Weis Markets
72.24
0.32
0.44%
NGVC
Natural Grocers
29.03
-19.95
-40.73%
GO
Grocery Outlet Holding
8.01
-5.47
-40.58%
ACI
Albertsons Companies
16.27
-4.83
-22.88%
Ingles Markets Corporate Events
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....
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Ingles Markets Updates Governance and Confirms Shareholder Support
Positive
May 5, 2026
On April 29, 2026, Ingles Markets’ board adopted Third Amended and Restated Bylaws that increase the number of directors required to call a special board meeting from two to four and align directors’ inspection rights with the North Ca...
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.