Ingles Markets Hits New 12-Month High

Shares of the regional grocery chain reach a new annual peak amid strong performance.

Mar. 30, 2026 at 7:36pm

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Ingles Markets, Inc. (NASDAQ: IMKTA), a family-owned regional supermarket chain headquartered in Asheville, North Carolina, hit a new 52-week high during trading on Monday. The company's stock reached as high as $90.83 per share, closing at $90.80 with over 22,000 shares traded.

Why it matters

Ingles Markets' new 12-month high reflects the company's strong financial performance and growing investor confidence. As a regional player in the highly competitive grocery industry, Ingles has managed to thrive by focusing on fresh produce, in-store services, and community-oriented values.

The details

Several Wall Street analysts have recently issued reports on Ingles Markets, with one upgrading the stock from 'buy' to 'strong-buy' and another reaffirming a 'hold' rating. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 17.91, and a beta of 0.74. Ingles reported strong quarterly earnings in February, with revenue of $1.37 billion and earnings per share of $1.48.

  • Ingles Markets hit a new 52-week high during trading on Monday, March 30, 2026.
  • The company reported its latest quarterly earnings on Thursday, February 5, 2026.

The players

Ingles Markets, Inc.

A family-owned regional supermarket chain headquartered in Asheville, North Carolina, operating grocery stores across the southeastern United States.

Wall Street Zen

An investment research firm that upgraded Ingles Markets' stock rating to 'strong-buy' in a recent report.

Weiss Ratings

A financial research and ratings agency that reaffirmed a 'hold (c-)' rating on Ingles Markets' stock.

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What’s next

Investors will be closely watching to see if Ingles Markets can maintain its momentum and continue to outperform the broader grocery industry.

The takeaway

Ingles Markets' new 12-month high demonstrates the company's ability to adapt and succeed in a challenging retail environment, leveraging its regional presence and community-focused approach to drive growth and shareholder value.