Weis Markets (NYSE:WMK) Posts Earnings Results

Weis Markets (NYSE:WMK) released its quarterly earnings results on Wednesday. The company reported $1.13 EPS for the quarter, Zacks reports. Weis Markets had a net margin of 1.96% and a return on equity of 7.09%. The company had revenue of $1.26 billion for the quarter.

Weis Markets Trading Down 1.2%

Shares of NYSE WMK traded down $0.88 during midday trading on Thursday, reaching $70.76. The company’s stock had a trading volume of 187,175 shares, compared to its average volume of 137,503. The company has a 50 day moving average price of $68.21 and a 200 day moving average price of $67.83. Weis Markets has a one year low of $59.99 and a one year high of $88.53. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 18.87 and a beta of 0.46.

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, May 11th. Weis Markets’s payout ratio is presently 36.27%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weis Markets in a research report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Trading of Weis Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Weis Markets by 3.3% in the 4th quarter. State Street Corp now owns 428,880 shares of the company’s stock worth $27,487,000 after purchasing an additional 13,699 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Weis Markets by 1.7% in the 4th quarter. Millennium Management LLC now owns 262,044 shares of the company’s stock worth $16,794,000 after purchasing an additional 4,329 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Weis Markets by 22.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,237 shares of the company’s stock worth $11,680,000 after purchasing an additional 33,571 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Weis Markets by 49.7% during the fourth quarter. Jane Street Group LLC now owns 170,763 shares of the company’s stock valued at $10,944,000 after acquiring an additional 56,662 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Weis Markets by 4.2% during the third quarter. Two Sigma Investments LP now owns 156,961 shares of the company’s stock valued at $11,281,000 after acquiring an additional 6,384 shares during the period.

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.