Weis Markets, Inc. (NYSE:WMK)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $36.75. Weis Markets shares last traded at $36.85, with a volume of 1,983 shares traded.
Separately, TheStreet lowered shares of Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th.
The company has a 50-day simple moving average of $37.05. The firm has a market capitalization of $974.78 million, a P/E ratio of 16.03 and a beta of 0.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 1.66.
Weis Markets (NYSE:WMK) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.53 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 1.73% and a return on equity of 5.96%. The company had revenue of $876.72 million during the quarter.
In other Weis Markets news, COO Kurt A. Schertle acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $38.57 per share, with a total value of $38,570.00. Following the completion of the transaction, the chief operating officer now directly owns 3,000 shares of the company’s stock, valued at $115,710. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott F. Frost acquired 800 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was acquired at an average cost of $37.60 per share, with a total value of $30,080.00. Following the transaction, the chief financial officer now directly owns 3,618 shares of the company’s stock, valued at $136,036.80. The disclosure for this purchase can be found here. Insiders bought 2,400 shares of company stock valued at $91,420 in the last three months. Company insiders own 27.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WMK. Meeder Asset Management Inc. acquired a new stake in Weis Markets during the 1st quarter valued at $39,000. Denali Advisors LLC acquired a new stake in Weis Markets during the 2nd quarter valued at $84,000. BNP Paribas Arbitrage SA grew its holdings in Weis Markets by 591.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,331 shares of the company’s stock valued at $95,000 after purchasing an additional 1,994 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Weis Markets by 59.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,541 shares of the company’s stock valued at $115,000 after purchasing an additional 944 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Weis Markets by 337.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,318 shares of the company’s stock valued at $159,000 after purchasing an additional 2,559 shares in the last quarter. 38.61% of the stock is owned by institutional investors and hedge funds.
About Weis Markets (NYSE:WMK)
Weis Markets, Inc engages in the retail sale of food in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.
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