Weis Markets (NYSE:WMK – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.90 EPS for the quarter, FiscalAI reports. The business had revenue of $1.28 billion during the quarter. Weis Markets had a return on equity of 7.66% and a net margin of 2.06%.
Weis Markets Stock Performance
Shares of NYSE:WMK opened at $78.86 on Thursday. The business’s 50-day simple moving average is $73.45 and its 200 day simple moving average is $72.73. The company has a market cap of $1.95 billion, a P/E ratio of 18.79 and a beta of 0.37. Weis Markets has a one year low of $59.99 and a one year high of $83.74.
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 issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 9th. Weis Markets’s dividend payout ratio (DPR) is presently 32.46%.
Institutional Investors Weigh In On Weis Markets
A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Weis Markets by 45.9% during the second quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $36,000 after purchasing an additional 145 shares during the last quarter. Parallel Advisors LLC lifted its stake 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 valued at $266,000 after purchasing an additional 183 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Weis Markets by 43.4% during the third quarter. Nisa Investment Advisors LLC now owns 859 shares of the company’s stock valued at $63,000 after purchasing an additional 260 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Weis Markets by 78.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock worth $49,000 after buying an additional 340 shares during the period. Finally, Versant Capital Management Inc increased its stake in Weis Markets by 788.6% during the second quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock valued at $31,000 after acquiring an additional 347 shares during the period.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Weis Markets from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy”.
Get Our Latest Research Report on WMK
About Weis Markets
Weis Markets, Inc is a regional food retailer that operates supermarkets under the Weis Markets banner. The company offers a broad selection of grocery products, including fresh produce, meat and seafood, dairy items, bakery and deli goods, frozen foods, beverages, household products, and health and beauty items. Many locations also provide pharmacy services, prepared foods, fuel, and online grocery ordering or pickup options.
Founded in 1912 by brothers Harry and Sigmund Weis in Sunbury, Pennsylvania, the company has grown into a Mid-Atlantic supermarket chain.
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