Weis Markets (NYSE:WMK) Releases Quarterly Earnings Results

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

Weis Markets Stock Performance

Shares of NYSE WMK traded up $0.40 during midday trading on Thursday, reaching $62.82. The stock had a trading volume of 158,912 shares, compared to its average volume of 132,122. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.53 and a beta of 0.46. Weis Markets has a 12-month low of $59.99 and a 12-month high of $90.23. The stock has a 50-day moving average of $68.89 and a 200-day moving average of $68.43.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, February 17th. Weis Markets’s dividend payout ratio is presently 35.79%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Torren Management LLC purchased a new stake in Weis Markets in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $26,000 after acquiring an additional 184 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Weis Markets in the second quarter worth about $55,000. Signaturefd LLC grew its position in shares of Weis Markets by 61.2% during the fourth quarter. Signaturefd LLC now owns 882 shares of the company’s stock worth $57,000 after purchasing an additional 335 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Weis Markets during the third quarter worth about $74,000.

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.