Weis Markets (NYSE:WMK) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Weis Markets, Inc. (NYSE:WMK) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $69.74 and traded as high as $77.50. Weis Markets shares last traded at $76.6110, with a volume of 268,501 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised Weis Markets from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Weis Markets Price Performance

The business has a 50 day moving average price of $72.99 and a 200 day moving average price of $69.74. The firm has a market capitalization of $1.90 billion, a P/E ratio of 18.59 and a beta of 0.46.

Weis Markets (NYSE:WMK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter. Weis Markets had a return on equity of 7.75% and a net margin of 2.09%.The business had revenue of $1.26 billion during the quarter.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, May 11th. Weis Markets’s payout ratio is currently 33.01%.

Institutional Investors Weigh In On Weis Markets

Hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL acquired a new position in shares of Weis Markets in the third quarter valued at $7,122,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Weis Markets by 166.4% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,946 shares of the company’s stock worth $1,535,000 after buying an additional 14,958 shares in the last quarter. Tweedy Browne Co LLC acquired a new stake in Weis Markets during the third quarter worth $834,000. GSA Capital Partners LLP boosted its stake in Weis Markets by 85.2% during the third quarter. GSA Capital Partners LLP now owns 18,460 shares of the company’s stock worth $1,327,000 after buying an additional 8,491 shares in the last quarter. Finally, UBS Group AG increased its holdings in Weis Markets by 601.4% in the 4th quarter. UBS Group AG now owns 198,020 shares of the company’s stock valued at $12,691,000 after buying an additional 169,787 shares during the period.

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.