Victory Capital Management Inc. Buys 12,726 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Victory Capital Management Inc. increased its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 36.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,901 shares of the company’s stock after acquiring an additional 12,726 shares during the period. Victory Capital Management Inc. owned about 0.25% of Ingles Markets worth $3,573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of IMKTA. Brandes Investment Partners LP increased its position in Ingles Markets by 111.0% during the second quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after buying an additional 103,507 shares during the last quarter. Systematic Financial Management LP increased its position in Ingles Markets by 103.1% during the second quarter. Systematic Financial Management LP now owns 181,564 shares of the company’s stock worth $12,457,000 after buying an additional 92,164 shares during the last quarter. River Road Asset Management LLC increased its position in Ingles Markets by 7.1% during the third quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock worth $72,439,000 after buying an additional 64,296 shares during the last quarter. American Century Companies Inc. increased its position in Ingles Markets by 9.5% during the second quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock worth $25,330,000 after buying an additional 32,013 shares during the last quarter. Finally, Denali Advisors LLC increased its position in Ingles Markets by 40.6% during the second quarter. Denali Advisors LLC now owns 92,102 shares of the company’s stock worth $6,319,000 after buying an additional 26,607 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Ingles Markets Price Performance

Ingles Markets stock opened at $72.18 on Friday. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $89.59. The stock’s 50 day moving average is $67.58 and its 200-day moving average is $70.89. The company has a current ratio of 2.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.59 and a beta of 0.72.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, October 10th. Ingles Markets’s payout ratio is 7.86%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ingles Markets from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 21st.

About Ingles Markets

Ingles Markets, Incorporated, together with its subsidiaries, 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 fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.