Weis Markets (NYSE:WMK) Releases Earnings Results

Weis Markets (NYSE:WMK) released its quarterly earnings results on Thursday. The company reported $1.14 EPS for the quarter, reports. The business had revenue of $1.30 billion for the quarter. Weis Markets had a net margin of 2.05% and a return on equity of 7.16%.

Weis Markets Stock Performance

Weis Markets stock traded up $2.88 during trading hours on Friday, reaching $65.82. 40,876 shares of the company’s stock traded hands, compared to its average volume of 131,079. Weis Markets has a fifty-two week low of $59.99 and a fifty-two week high of $90.23. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 17.32 and a beta of 0.46. The firm’s 50 day moving average is $68.87 and its 200-day moving average is $68.39.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Weis Markets’s payout ratio is currently 35.79%.

Institutional Investors Weigh In On Weis Markets

A number of institutional investors and hedge funds have recently modified their holdings of WMK. Torren Management LLC acquired a new position in Weis Markets in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after acquiring an additional 184 shares during the period. Raymond James Financial Inc. acquired a new stake in Weis Markets during the 2nd quarter worth $55,000. Signaturefd LLC raised its position in shares of Weis Markets by 61.2% during the 4th quarter. Signaturefd LLC now owns 882 shares of the company’s stock valued at $57,000 after acquiring an additional 335 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Weis Markets during the 3rd quarter valued at $74,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weis Markets in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Weis Markets presently has a consensus rating of “Hold”.

Weis Markets Company Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.