Winmark (NASDAQ:WINA) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Winmark (NASDAQ:WINA – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Winmark Trading Up 0.9 %

Shares of NASDAQ WINA opened at $256.60 on Wednesday. The business has a fifty day simple moving average of $242.74 and a 200 day simple moving average of $229.69. The firm has a market capitalization of $882.19 million, a price-to-earnings ratio of 22.89 and a beta of 0.75. Winmark has a one year low of $183.93 and a one year high of $264.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Winmark by 8.6% in the third quarter. Bank of New York Mellon Corp now owns 17,210 shares of the specialty retailer’s stock valued at $3,723,000 after purchasing an additional 1,367 shares in the last quarter. BNP Paribas Arbitrage SNC grew its position in Winmark by 70.6% in the third quarter. BNP Paribas Arbitrage SNC now owns 1,781 shares of the specialty retailer’s stock valued at $385,000 after acquiring an additional 737 shares during the period. Stonebridge Capital Advisors LLC grew its position in Winmark by 1.8% in the third quarter. Stonebridge Capital Advisors LLC now owns 10,657 shares of the specialty retailer’s stock valued at $2,306,000 after acquiring an additional 187 shares during the period. Two Sigma Advisers LP grew its position in Winmark by 2.5% in the third quarter. Two Sigma Advisers LP now owns 4,100 shares of the specialty retailer’s stock valued at $887,000 after acquiring an additional 100 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Winmark in the third quarter valued at $268,000. 65.92% of the stock is currently owned by institutional investors and hedge funds.

About Winmark

(Get Rating)

Winmark Corporation, together with its subsidiaries, operates as a franchisor of retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round brand names.