Weis Markets (NYSE:WMK) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Weis Markets, Inc. (NYSE:WMK) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $67.86 and traded as low as $67.74. Weis Markets shares last traded at $68.2740, with a volume of 110,860 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weis Markets in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Weis Markets currently has a consensus rating of “Hold”.

Weis Markets Price Performance

The firm’s fifty day moving average is $69.02 and its two-hundred day moving average is $67.86. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 18.21 and a beta of 0.46.

Weis Markets (NYSE:WMK) last released its earnings results on Thursday, March 12th. The company reported $1.14 EPS for the quarter. Weis Markets had a net margin of 1.96% and a return on equity of 7.09%. The firm had revenue of $1.30 billion for the quarter.

Weis Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, February 17th. Weis Markets’s dividend payout ratio (DPR) is currently 36.27%.

Institutional Investors Weigh In On Weis Markets

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its position in shares of Weis Markets by 601.4% during the 4th quarter. UBS Group AG now owns 198,020 shares of the company’s stock valued at $12,691,000 after purchasing an additional 169,787 shares during the period. Millennium Management LLC lifted its holdings in shares of Weis Markets by 77.2% in the third quarter. Millennium Management LLC now owns 257,715 shares of the company’s stock valued at $18,522,000 after buying an additional 112,265 shares during the period. Tudor Investment Corp ET AL bought a new position in Weis Markets during the third quarter valued at about $7,122,000. Jane Street Group LLC bought a new position in Weis Markets during the second quarter valued at about $4,364,000. Finally, Squarepoint Ops LLC grew its holdings in Weis Markets by 457.2% during the second quarter. Squarepoint Ops LLC now owns 69,115 shares of the company’s stock worth $5,010,000 after acquiring an additional 56,712 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.