<p>Ingles Markets (NASDAQ: IMKTA) Director Laura Ingle Sharp sold 13,999 shares of her stock in the supermarket chain on the open market in a transaction that occurred on August 21, according to legal filings with the Securities and Exchange Commission. The shares were sold at an average price of $25.18, for a total transaction of $352,494.82.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Research firms have commented on IMKTA. Analysts at Zacks downgraded shares of Ingles Markets from an “outperform” rating to a “neutral” rating in a research note to investors on August 6th. They currently have a $31.80 price target on the stock, according to WatchList News.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Ingles Markets traded up 3.97% on Thursday, hitting $25.90. The stock had a trading volume of $31,817 shares. Ingles Markets has a 1-year low of $15.29 and a 1-year high of $29.33. The stock has a 50-day moving average of $26.8 and a 200-day moving average of $22.86. The company has a market cap of $589.5 million and a P/E ratio of 32.65.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">On August 2nd, Ingles Markets posted its latest quarterly earnings results. It reported $0.62 earnings per share for the quarter. The company had revenue of $931.90 million for the quarter, compared to the consensus estimate of $917.80 million. Analysts predict that Ingles Markets will post $1.80 earnings per share for the current fiscal year.</p><hr class="legacyRuler"><hr class="invisible minimal-padding">
