Weis Markets, Inc. (NYSE:WMK – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $83.84 and last traded at $81.6550, with a volume of 6,961 shares. The stock had previously closed at $82.45.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded shares of Weis Markets from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on Weis Markets
Weis Markets Stock Down 0.9%
The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 19.51 and a beta of 0.37. The company has a 50 day moving average of $74.17 and a 200 day moving average of $72.95.
Weis Markets (NYSE:WMK – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.90 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.62% and a net margin of 2.06%. The firm had revenue of $1.28 billion for the quarter.
Weis Markets Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 9th will be given a $0.34 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Weis Markets’s dividend payout ratio (DPR) is currently 32.46%.
Hedge Funds Weigh In On Weis Markets
Institutional investors and hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. boosted its holdings in shares of Weis Markets by 4.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 36,556 shares of the company’s stock valued at $2,668,000 after purchasing an additional 1,531 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Weis Markets by 11.2% during the 3rd quarter. Voya Investment Management LLC now owns 2,875 shares of the company’s stock worth $210,000 after buying an additional 290 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Weis Markets in the 3rd quarter worth $5,022,000. Virtus Advisers LLC raised its position in shares of Weis Markets by 16.8% in the 3rd quarter. Virtus Advisers LLC now owns 5,335 shares of the company’s stock worth $389,000 after buying an additional 766 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Weis Markets by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,645 shares of the company’s stock worth $266,000 after buying an additional 183 shares during the period.
Weis Markets Company Profile
Weis Markets, Inc. is a regional food retailer headquartered in Sunbury, Pennsylvania. The company operates supermarkets under the Weis Markets name, offering groceries and everyday household products along with fresh produce, meat and seafood, bakery, deli and prepared foods. Many stores also provide services such as pharmacies, fuel centers and online grocery ordering with pickup or delivery options. Weis Markets serves communities across Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia.
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