Weiss Ratings Reaffirms “Hold (C+)” Rating for Weis Markets (NYSE:WMK)

Weis Markets (NYSE:WMK)‘s stock had its “hold (c+)” rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Weis Markets Trading Down 1.4%

Shares of Weis Markets stock opened at $68.10 on Wednesday. Weis Markets has a 12-month low of $62.25 and a 12-month high of $90.23. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.94 and a beta of 0.48. The firm’s 50 day simple moving average is $71.50 and its two-hundred day simple moving average is $75.42.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The business had revenue of $1.21 billion for the quarter.

Institutional Trading of Weis Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in WMK. Hennessy Advisors Inc. acquired a new stake in shares of Weis Markets in the second quarter worth $8,748,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Weis Markets in the first quarter worth $7,255,000. Jane Street Group LLC acquired a new stake in shares of Weis Markets in the second quarter worth $4,364,000. Squarepoint Ops LLC increased its stake in shares of Weis Markets by 457.2% in the second quarter. Squarepoint Ops LLC now owns 69,115 shares of the company’s stock worth $5,010,000 after acquiring an additional 56,712 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in shares of Weis Markets in the second quarter worth $3,846,000.

About Weis Markets

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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.