Weis Markets (NYSE:WMK) Reaches New 1-Year High – Time to Buy?

Weis Markets, Inc. (NYSE:WMK)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $82.55 and last traded at $82.4860, with a volume of 153648 shares changing hands. The stock had previously closed at $79.26.

Analyst Upgrades and Downgrades

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

Weis Markets Trading Down 0.0%

The company’s fifty day simple moving average is $72.41 and its 200-day simple moving average is $69.36. The stock has a market cap of $2.04 billion, a P/E ratio of 20.02 and a beta of 0.46.

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

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 1.6%. Weis Markets’s dividend payout ratio is presently 33.01%.

Institutional Investors Weigh In On Weis Markets

Large investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new stake in shares of Weis Markets in the 3rd quarter worth about $7,122,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Weis Markets by 166.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,946 shares of the company’s stock worth $1,535,000 after purchasing an additional 14,958 shares during the last quarter. Tweedy Browne Co LLC bought a new stake in shares of Weis Markets in the 3rd quarter worth about $834,000. GSA Capital Partners LLP grew its holdings in shares of Weis Markets by 85.2% in the 3rd quarter. GSA Capital Partners LLP now owns 18,460 shares of the company’s stock worth $1,327,000 after purchasing an additional 8,491 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Weis Markets by 601.4% in the 4th quarter. UBS Group AG now owns 198,020 shares of the company’s stock worth $12,691,000 after purchasing an additional 169,787 shares during the last quarter.

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.