Weiss Ratings Reaffirms “Hold (C)” Rating for Weis Markets (NYSE:WMK)

Weis Markets (NYSE:WMK)‘s stock had its “hold (c)” rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Thursday,Weiss Ratings reports.

Weis Markets Stock Performance

NYSE:WMK opened at $63.30 on Thursday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.75 and a beta of 0.48. Weis Markets has a one year low of $62.25 and a one year high of $90.23. The stock has a 50-day simple moving average of $70.19 and a 200 day simple moving average of $74.18.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 EPS for the quarter. The business had revenue of $1.21 billion during the quarter. Weis Markets had a return on equity of 7.60% and a net margin of 2.23%.

Hedge Funds Weigh In On Weis Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in Weis Markets in the third quarter valued at approximately $352,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Weis Markets by 72.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,988 shares of the company’s stock valued at $646,000 after acquiring an additional 3,786 shares during the period. State of Alaska Department of Revenue acquired a new position in Weis Markets in the third quarter valued at approximately $74,000. Diversified Trust Co boosted its stake in Weis Markets by 5.6% in the third quarter. Diversified Trust Co now owns 9,515 shares of the company’s stock valued at $684,000 after acquiring an additional 504 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Weis Markets by 105.4% in the third quarter. Exchange Traded Concepts LLC now owns 11,610 shares of the company’s stock valued at $834,000 after acquiring an additional 5,958 shares during the period.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.