Ingles Markets traded at $88.53 this Friday March 13th, increasing $2.14 or 2.48 percent since the previous trading session. Looking back, over the last four weeks, Ingles Markets gained 2.56 percent. Over the last 12 months, its price rose by 43.74 percent. Looking ahead, we forecast Ingles Markets to be priced at 85.86 by the end of this quarter and at 78.31 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ingles Markets, Incorporated is a supermarket chain in the southeast United States. The Company operates 198 supermarkets, including 74 in North Carolina, 66 in Georgia, 35 in South Carolina, 21 in Tennessee, one in Virginia and one in Alabama. The Company locates its supermarkets primarily in suburban areas, small towns and rural communities. Ingles supermarkets offers customers a range of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables and non-food products. Non-food products include fuel centers, pharmacies, health/beauty/cosmetic products and general merchandise, as well as private label items. In addition, the Company focuses on selling its own developed organic products to its customers, including bakery departments and prepared foods including delicatessen sections. The Company operated 111 in-store pharmacies and 107 fuel centers.