Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Ingles Markets, Inc (NASDAQ: IMKTA)
Ingles Markets Inc is a U.S. based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores primarily in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty-care products, and general merchandise. The retail business contributes most of the company’s revenue. The company’s real estate ownership on a material portion of total stores enables it to generate rental income.
A quick look at the price chart below for Ingles Markets shows us that the stock is up 50% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 5.76, which means that it remains undervalued.
Superinvestors who currently hold positions in Ingles Markets include:
Mario Gabelli – 1,699,940
Jim Simons – 242,358
Dan Rasmussen – 123,700
Michael Burry – 111,415
Cliff Asness – 104,687
Israel Englander – 73,941
Ken Griffin – 45,859
Jeremy Grantham – 34,000
Lee Ainslie – 10,824
Joel Greenblatt – 7,022
Jim O’Shaughnessy – 5,921
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