Added to YB: 2026-06-09
Pitch date: 2026-06-06
IMKTA [neutral]
Ingles Markets, Incorporated
+1.57%
current return
Author Info
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Company Info
Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the United States.
Market Cap
$1.7B
Pitch Price
$91.37
Price Target
N/A
Dividend
0.72%
EV/EBITDA
6.67
P/E
16.60
EV/Sales
0.34
Sector
Consumer Staples Distribution and Retail
Category
special_situation
$IMKTA: a family grocer on its own land, with an outsider finally in the room
IMKTA (overview): Family-controlled SE grocer (~200 stores) owning 84% of its real estate, trading ~$87/share, ~$1.68B cap, 16.6x earnings on $5.4B rev. Activist Summer Road won independent board seat (62% support) pushing OpCo/PropCo split; pegs 1,800 acres at $466M (~$24/share), disputed by company. Risk: family controls 72% vote, asset case unverified, catalyst already passed, thin-margin grocer vs Walmart/Aldi/Lidl.
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