Yahoo Finance Director Sharp Ingle Sells 4,000 Shares of Ingles Markets Inc (IMKTA)
Director Sharp Ingle of Ingles Markets Inc (NASDAQ:IMKTA) has sold 4,000 shares of the company on March 28, 2024, according to a recent SEC filing. The transaction was executed at an average price of $76.25 per share, resulting in a total sale amount of $305,000.
Ingles Markets Inc is a leading American regional supermarket chain with operations in the Southeastern United States. The company provides a wide range of food products, including grocery, meat and dairy items, as well as other non-food products. Ingles Markets Inc operates under a strong commitment to providing quality products and exceptional customer service.
Over the past year, the insider has sold a total of 61,000 shares of Ingles Markets Inc and has not made any share purchases. This latest transaction continues a pattern of insider sales for the company, with a total of 22 insider sells and no insider buys occurring over the same timeframe.
Shares of Ingles Markets Inc were trading at $76.25 on the day of the insider's recent sale, giving the company a market capitalization of $1.455 billion. The price-earnings ratio of the stock stands at 7.88, which is lower than the industry median of 16.36 and also below the companys historical median price-earnings ratio.
According to the GuruFocus Value chart, with a current price of $76.25 and a GF Value of $89.88, Ingles Markets Inc has a price-to-GF-Value ratio of 0.85, indicating that the stock is modestly undervalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Ingles Markets Inc.
The GF Value image provides a visual representation of the stock's valuation relative to its intrinsic value estimate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
