Ingles Markets' Surge Doesn't Mean Its Discount Is Gone
2026-04-12 06:41:07 ET
The last few months have been an exceptional time for shareholders of Ingles Markets ( IMKTA ). Since I last reaffirmed the company as a ‘strong buy’ candidate back in January of this year, shares have skyrocketed 28.9%. That is significantly better than the 7.3% drop that the S&P 500 saw over the same window of time. The company has benefited from a surge in revenue, profits, and cash flows, even though it continues to struggle with some of its locations being closed down because of hurricane-related weather events. The market seems to finally be recognizing just how cheap the stock is. In fact, in my last article, I made the case that the discount that the business was trading at in relation to other similar firms would not last. And sure enough, I have been right so far....
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Ingles Markets' Surge Doesn't Mean Its Discount Is Gone
NASDAQ: IMKTA
IMKTA Trading
3.66% G/L:
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34,414 Volume:
$87.63 Open:
