From MarketBeat:



Ingles Markets, a supermarket chain, was downgraded by StockNews.com from a “strong-buy” to a “buy” rating on Monday. The company’s stock was up 0.1%, reaching $85.31. Ingles Markets reported earnings results, with a return on equity of 15.19% and a net margin of 3.58%. The company’s revenue for the quarter was $1.59 billion.

In terms of insider activity, director Laura Ingle sold 2,000 shares of the company’s stock, valued at $150,100. Institutional investors also weighed in on Ingles Markets, with hedge funds modifying their holdings of the stock.

Ingles Markets operates supermarkets in the southeast United States, offering food and non-food products. The company’s stock is currently rated as a “hold” among analysts, but top-rated analysts believe there are five other stocks that are better buys. This news alert was provided by MarketBeat using narrative science technology and financial data.

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Read more: Ingles Markets (NASDAQ:IMKTA) Downgraded to Buy at StockNews.com