IMKTA - Ingles Markets, Incorporated
Bank of America Corp DE increased its stake in Ingles Markets, Incorporated (NASDAQ: IMKTA) by 22.0% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,571 shares of the company's stock after acquiring an additional 9,480 shares
Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and nine months ended June 27, 2026.Robert P. Ingle II, Chairman of the Board,
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and nine months ended June 27, 2026. Robert P. Ingle II, Chairman of the Board, stated, “We are pleased with our results and thank our associates for their continued focus on our customers' experience as we strive to provide value, selection and quality offerings.” Third Quarter Results Net sales totaled $1.37 billion for the quarter ended June 27, 2026, compared with $1.35 billio.
Ingles Markets, Incorporated (NASDAQ: IMKTA - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $85.21 and traded as high as $93.62. Ingles Markets shares last traded at $92.70, with a volume of 121,952 shares changing hands. Wall
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable July 16, 2026, to all shareholders of record on July 9, 2026.Ing.
Ingles Markets is rated a buy, with a target valuation of $110–$120 per share, reflecting significant undervalued real estate assets. IMKTA's ownership of 174 out of 197 store properties, 102 shopping centers, and a large dairy plant provides operational resilience and margin protection. Activist investor Summer Road LLC's board seat win increases pressure for asset monetization, such as REIT spinoffs or special dividends from land sales.
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported its financial results for the three and six months ended March 28, 2026. Robert P. Ingle II, Chairman of the Board, stated, “We are pleased to announce our financial results that are made possible by our associates' commitment and dedication to our customers and communities in which we serve.” Second Quarter 2026 Results Net sales totaled $1.31 billion for the quarter ended March 28, 2026, a decrease o.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”) announced that based on preliminary voting results from the 2026 Annual Meeting of Shareholders held today, Dwight Jacobs and Rory Held have been elected as Class A directors; Fred D. Ayers, Robert P. Ingle, II, Patricia E. Jackson, James W. Lanning, Laura Ingle Sharp and Brenda S. Tudor have been elected as Class B directors; and shareholders approved, on an advisory basis, the compensati.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today commented on the outcome of the Company's 2026 Annual Meeting of Shareholders. Based on preliminary voting results, Summer Road nominee Rory A. Held was elected to Ingles' Board of Directors (the “Board”) with resounding support from approximat.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”) today reminded shareholders to vote ahead of the 2026 Annual Meeting of Shareholders, which will be held on April 30, 2026 at 10:00 a.m. Eastern Time. The Ingles Board of Directors recommends that all Ingles shareholders vote “FOR” ONLY Ingles' two highly qualified, independent director nominees – Rebekah Lowe and Dwight Jacobs – on the WHITE proxy card. The Ingles Board of Directors issue.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today issued the following open letter to shareholders seeking their support for the election of Rory A. Held to Ingles' Board of Directors (the “Board”) at the 2026 Annual Meeting of Shareholders. *** Fellow Shareholders, We greatly appreciate the d.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today issued the following open letter to shareholders: Dear Ingles Shareholders, If you have been following the events of the last few weeks, you know that we at Ingles Markets have been working hard to elect our two qualified director nominees – Rebekah Lowe and Dwight Jacobs – and to assure that the Sacklers' nominee Rory Held does not have the opportunity to damage our company. Over the past two weeks, we have re.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today announced that all three independent proxy advisory firms, Institutional Shareholder Services Inc. (“ISS”), Glass, Lewis & Co., LLC (“Glass Lewis”) and Egan-Jones Ratings Company (“Egan-Jones”), have recommended shareholders vote for the el.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”) today issued the following statement in response to Ingles Markets, Incorporated's (NASDAQ: IMKTA) (“Ingles” or the “Company”) repeated dishonest and misleading public statements. “The Company's daily, disjointed attacks on Summer Road should make shareholders question the judgment of the incumbent Board and its vehement opposition to the election of a truly independent Class A shareholder voice. To suggest that Ror.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today issued the following statement in response to what the Company believes are misleading claims that Rory Held would serve effectively as an independent director at Ingles Markets: Summer Road's proxy solicitation materials have claimed that Rory Held would serve as an independent voice in the Ingles boardroom, but that is inconsistent with Mr. Held's existing fiduciary obligations of loyalty to the Sackler famil.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today issued the following statement in response to misleading claims made by Summer Road LLC in its presentation published April 6, 2026 regarding Ingles' real estate portfolio: Summer Road has a fundamentally flawed understanding of Ingles' real estate portfolio. Further, the strategy it is proposing in connection with its attempt to nominate Sackler representative Rory Held to the Ingles Board of Directors is base.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today mailed a letter to shareholders in connection with its upcoming Annual Meeting of Shareholders (“Annual Meeting”) scheduled to be held on April 30, 2026. The full text of the letter follows: Dear Fellow Ingles Shareholders, Ingles Markets' 2026 Annual Meeting of Shareholders is rapidly approaching, and your vote is critical to the future of the Company. As you may be aware, Summer Road LLC, an investment vehicl.
Ingles Markets remains a 'strong buy' after a 28.9% share price surge, far outperforming the S&P 500's decline. IMKTA posted robust Q1 2026 results: revenue up 6.6% to $1.37B, net income up to $28.1M, and EBITDA up to $74.8M. Despite hurricane-related store closures, IMKTA's comparable store sales and margins improved, with cost controls enhancing profitability.
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WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today issued the following statement in response to the Company's April 8th and April 10th presentations. “Our campaign has always been about giving Class A shareholders truly independent representation on the Company's Board of Directors following I.