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Ingles Markets, IncorporatedIngles Markets, IncorporatedIngles Markets, Incorporated

Ingles Markets, Incorporated

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IMKTA trade ideas

IMKTA : Time to be in LONG position supported technically...Before i decide to choose a stock to invest , i usually check fundamental ratios and if i like the company then i look at its technical graphs... As for Ingles Markets Inc. i see each year sales are growing, and its gross income and net income are rising as well... It almost finished year 2020 with 8.82 USD EPS diluted... Its EBITDA became 401 M usd... Its price to sales ratio is 0.16 , Return on equity is %24.10 , return on assets ratio is 9.48% ... P/E about 5.67 and P/B is 0.88 . When i see these ratios , i decided to put this stock in my portfolio.... Because they are really smashing for me... And then when i check the technical analysis.... I see the pattern INVERSE HEAD & SHOULDERS , very strong signal for an UPTREND rally... You can also see some triangle patterns there.... If you look at the graphs , you can see that last week after the Earnigs Report with a strong financial statements, it broke out the neckline and now resting and maybe checking support and a few days pull back... but a lovely time to take positions for LONG ... The graph that i tried to publish is WEEKLY , so that we can make a long term view... I also used Fibonacci Retracement Lines from 2007 , because it was the end of its UPTREND and almost it was in correction for 2.5 - 3 years.... so it also gives us ideas for the resistances and supports during our price movement. As for me i dont care daily movements... For a stock with such a strong financial results, i believe that IMKTA deserves better pricing and in mid-long term i expect it to move to 80-100 usd at least with these financial results.... And technical signs also supports that... This is not an advice or recommendation for investment... I only wanted to share my ideas about trading and investing for new starters or other investors... Thank you for reading...
NASDAQ:IMKTALong
by sinansgul
$IMKTA:NYSE - INGLES MARKET - Walmart alternative running wellIngles is a good mid-sized supermarket in the consumer-noncyclicals space that has been having a good run. Doing a bit of an upper bollinger band walk at the moment with god supporting volume. Could be worth a watch. 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. The Company locates its supermarkets primarily in suburban areas, small towns and rural communities. Ingles supermarkets offer customers a range of food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products. Its non-food products include fuel centers, pharmacies, health and beauty care products and general merchandise. The Company focuses on selling products to its customers through the development of organic products, bakery departments and prepared foods, including delicatessen sections.
NASDAQ:IMKTALong
by zAngus
Obscure Retailer Worth Owning: Ingles MarketsIMKTA is a failry unheard of grocery chain, as it is most prevalent in my neck of the woods in Tennessee (specifically East TN). But their small size shouldn't deter you, as they are delivering great results. The most recent report featured a beat and a raise on guidance. Based on FY2018 estimates, it's trading at 11.5x (vs 5yr average of 15.8x). The P/S ratio is a mere 0.16, and it's trading about 0.42x it's enterprise value ($1.52bil enterprise value vs. $642mil market cap). Also, it's trading at about 1.16x book value ($28.64/share). Earnings have grown significantly as cost cutting measures implemented have bolstered the bottom line. E.P.S. was up 112.3% vs the same quarter last year; on a t.t.m. vs previous t.t.m. basis, earnings are up 102.5%. Gross margins and operating margins have improved significantly, too, and they are better than peers by a wide margin. R.O.E. over the past twelve months has been 17.9%; R.O.I over the past twelve months has been 6.6%. Total debt/assets on a trailing twelve month basis is 50%, but they have made meaningful strides paying down debt, as well as buying back shares. They pay a decent dividend of 2.1%, but with the low payout ratio of 13.6%, I suspect we'll see some growth in that dividend very soon. I bought on the last dip to sub-$30's by taking delivery on calls that worked out perfectly. Now I'm looking to add... in fact, I've had orders in the past 2 days that didn't hit my price and fill. But there's a good chance I get an order to fill today. Why am I quick to buy? Shares have pulled back perfectly to the 61.8% retracement of the last advance, and that coincides with the 50dsma, which recently had a bullish cross over the 100dsma. I suspect we'll see the 50 rise back above the 200 soon. Support is at $31.60 (where it's at... confluence of moving average support and two Fibonacci retracement supports), with additional support at $30.00. We need to have a stop loss set slightly under the lows at $27.50 (I doubt we'll need it). This is a great name to consider for a small chain store (especially my East Tennessee kinfolk) with excellent fundamentals, and it's done exactly as planned by pulling back after a nice rally. So I'm adding, period. Forget the KR, WMT, COST, TGT, and other big box names... this is the one to own! PS - Option open interest has calls outnumbering puts by 5.7:1 (vs average 4.4:1), so options traders appear to be favoring the long side, too. BUY BUY BUY! Happy trading!
NASDAQ:IMKTALong
by EchoAlphaBravo