Weis Markets, Inc. (NYSE:WMK) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Shares of Weis Markets (NYSE WMK) traded down 3.15% during midday trading on Tuesday, hitting $47.63. The stock had a trading volume of 22,292 shares. The firm has a market cap of $1.28 billion, a PE ratio of 16.24 and a beta of 0.69. Weis Markets has a 12-month low of $46.05 and a 12-month high of $68.88. The firm has a 50-day moving average of $54.25 and a 200 day moving average of $59.21.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.44 EPS for the quarter. The firm had revenue of $852.23 million during the quarter. Weis Markets had a return on equity of 8.66% and a net margin of 2.43%.

The company also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were issued a $0.30 dividend. The ex-dividend date was Thursday, May 4th. This represents a $1.20 annualized dividend and a yield of 2.44%. Weis Markets’s dividend payout ratio (DPR) is 40.96%.

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A hedge fund recently raised its stake in Weis Markets stock. Acadian Asset Management increased its position in Weis Markets, Inc. (NYSE:WMK) by 22.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,300 shares of the company’s stock after buying an additional 5,647 shares during the period. Acadian Asset Management’s holdings in Weis Markets were worth $1,387,000 at the end of the most recent quarter. Institutional investors own 30.77% of the company’s stock.

About Weis Markets

Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.

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