Ingles Markets Stock Crosses Above 200-Day Moving Average

Shares of the regional grocery chain reach new highs as analysts weigh in on the stock's performance.

Mar. 17, 2026 at 7:12am

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Ingles Markets, Inc. (NASDAQ:IMKTA) saw its stock price cross above its 200-day moving average on Monday, a technical indicator that often signals a bullish trend. The stock traded as high as $88.42 before closing at $87.00, with over 100,000 shares changing hands. Wall Street analysts have a mixed outlook on the stock, with one firm upgrading it to "strong-buy" while another maintains a "hold" rating.

Why it matters

Ingles Markets is a family-owned regional supermarket chain based in Asheville, North Carolina that has been serving communities across the southeastern United States for over 50 years. The company's stock performance is closely watched as an indicator of the health of the grocery industry and consumer spending in the region.

The details

Ingles Markets' stock has been on a steady climb in recent months, rising over 16% year-to-date. The company's latest quarterly earnings report showed strong financial results, with revenue of $1.37 billion and earnings per share of $1.48. Analysts attribute the stock's recent gains to the company's ability to navigate the challenges of the pandemic and maintain its market share in a competitive industry.

  • Ingles Markets' stock crossed above its 200-day moving average on Monday, March 15, 2026.
  • The company last reported quarterly earnings on Thursday, February 5, 2026.

The players

Ingles Markets, Inc.

A family-owned regional supermarket chain headquartered in Asheville, North Carolina that operates over 200 stores across the southeastern United States.

Wall Street Zen

An equity research firm that recently upgraded its rating on Ingles Markets stock to "strong-buy".

Weiss Ratings

An investment research firm that currently has a "hold (c-)" rating on Ingles Markets stock.

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What they’re saying

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, Grocery Employee

The takeaway

Ingles Markets' strong financial performance and rising stock price reflect the company's ability to adapt to changing market conditions and maintain its position as a leading regional grocery chain. As the industry continues to evolve, investors will be closely watching to see if Ingles can sustain its momentum and capitalize on new opportunities in the years ahead.