Weis Markets (NYSE:WMK) Issues Quarterly Earnings Results

Weis Markets (NYSE:WMK) announced its quarterly earnings results on Wednesday. The company reported $1.13 EPS for the quarter, Zacks reports. The company had revenue of $1.26 billion during the quarter. Weis Markets had a return on equity of 7.79% and a net margin of 2.09%.

Weis Markets Price Performance

WMK traded down $0.63 on Friday, reaching $70.07. The company’s stock had a trading volume of 54,820 shares, compared to its average volume of 136,515. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 17.01 and a beta of 0.46. Weis Markets has a 1 year low of $59.99 and a 1 year high of $81.83. The business’s 50 day moving average is $68.21 and its 200 day moving average is $67.83.

Weis Markets Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Weis Markets’s dividend payout ratio is currently 33.01%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV purchased a new position in Weis Markets in the fourth quarter valued at about $237,000. Susquehanna Portfolio Strategies LLC boosted its holdings in Weis Markets by 161.7% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 8,711 shares of the company’s stock valued at $558,000 after purchasing an additional 5,383 shares during the last quarter. Millennium Management LLC boosted its holdings in Weis Markets by 1.7% in the fourth quarter. Millennium Management LLC now owns 262,044 shares of the company’s stock valued at $16,794,000 after purchasing an additional 4,329 shares during the last quarter. Man Group plc purchased a new position in Weis Markets in the fourth quarter valued at about $684,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Weis Markets by 28.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 140,261 shares of the company’s stock valued at $8,989,000 after purchasing an additional 30,662 shares during 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.