Weis Markets (NYSE:WMK) Releases Quarterly Earnings Results
by Teresa Graham · The Cerbat GemWeis Markets (NYSE:WMK – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.13 EPS for the quarter, Zacks reports. The business had revenue of $1.26 billion for the quarter. Weis Markets had a net margin of 2.09% and a return on equity of 7.79%.
Weis Markets Stock Performance
Shares of WMK traded down $0.88 during trading hours on Thursday, hitting $70.76. The company had a trading volume of 187,175 shares, compared to its average volume of 132,095. The firm has a fifty day moving average price of $68.21 and a 200-day moving average price of $67.83. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 17.17 and a beta of 0.46. Weis Markets has a 52-week low of $59.99 and a 52-week high of $88.53.
Weis Markets Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Weis Markets’s dividend payout ratio (DPR) is presently 36.27%.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a report on Friday, April 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Weis Markets has an average rating of “Hold”.
View Our Latest Stock Report on WMK
Institutional Trading of Weis Markets
Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Weis Markets by 107.0% in the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after buying an additional 184 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Weis Markets during the 2nd quarter valued at $55,000. Tower Research Capital LLC TRC boosted its stake in Weis Markets by 138.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock valued at $96,000 after purchasing an additional 773 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Weis Markets by 16.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after purchasing an additional 224 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Weis Markets by 6.5% in the 4th quarter. Royal Bank of Canada now owns 2,528 shares of the company’s stock worth $162,000 after purchasing an additional 155 shares in the last quarter.
About Weis Markets
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.