Ingles Markets, Incorporated (NASDAQ:IMKTA) Position Held by Wellington Management Group LLP

Wellington Management Group LLP held its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,799 shares of the company’s stock at the end of the first quarter. Wellington Management Group LLP owned about 0.08% of Ingles Markets, worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IMKTA. Adams Diversified Equity Fund Inc. raised its stake in shares of Ingles Markets, by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 21,100 shares of the company’s stock worth $910,000 after buying an additional 600 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Ingles Markets, during the fourth quarter worth about $527,000. Teachers Advisors LLC increased its stake in shares of Ingles Markets, by 11.7% in the fourth quarter. Teachers Advisors LLC now owns 23,828 shares of the company’s stock worth $1,146,000 after buying an additional 2,496 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Ingles Markets, by 4.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,854 shares of the company’s stock worth $468,000 after buying an additional 500 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Ingles Markets, by 7.0% in the first quarter. American International Group Inc. now owns 8,605 shares of the company’s stock worth $371,000 after buying an additional 566 shares during the last quarter. Institutional investors own 58.66% of the company’s stock.

Shares of Ingles Markets, Incorporated (IMKTA) traded up 1.75% on Friday, reaching $26.15. 88,396 shares of the company traded hands. The company has a 50-day moving average of $29.24 and a 200-day moving average of $38.88. The stock has a market capitalization of $529.77 million, a price-to-earnings ratio of 10.90 and a beta of 0.60. Ingles Markets, Incorporated has a 1-year low of $25.50 and a 1-year high of $52.40.

Ingles Markets, (NASDAQ:IMKTA) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter. The firm had revenue of $984.40 million for the quarter. Ingles Markets, had a net margin of 1.26% and a return on equity of 10.08%. Analysts anticipate that Ingles Markets, Incorporated will post $2.75 earnings per share for the current fiscal year.

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IMKTA has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Ingles Markets, from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. TheStreet downgraded shares of Ingles Markets, from a “b” rating to a “c+” rating in a research report on Thursday, June 15th.

Ingles Markets, Company Profile

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.

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

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