Weis Markets (WMK) Raised to B- at TheStreet
Shares of WMK opened at $45.63 on Monday. Weis Markets has a 52 week low of $36.50 and a 52 week high of $57.82. The stock has a market capitalization of $1.21 billion, a PE ratio of 18.97 and a beta of 0.28.
Weis Markets (NYSE:WMK) last issued its earnings results on Friday, November 2nd. The company reported $0.53 EPS for the quarter. Weis Markets had a return on equity of 6.35% and a net margin of 3.23%. The firm had revenue of $869.08 million for the quarter.
A number of hedge funds have recently modified their holdings of WMK. Bank of Montreal Can purchased a new position in Weis Markets during the second quarter worth approximately $130,000. United Services Automobile Association purchased a new position in Weis Markets during the second quarter worth approximately $213,000. Raymond James Financial Services Advisors Inc. purchased a new position in Weis Markets during the second quarter worth approximately $268,000. MetLife Investment Advisors LLC boosted its position in Weis Markets by 57.0% during the third quarter. MetLife Investment Advisors LLC now owns 7,049 shares of the company’s stock worth $306,000 after purchasing an additional 2,559 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Weis Markets during the second quarter worth approximately $307,000. Institutional investors own 37.69% of the company’s stock.
About Weis Markets
Weis Markets, Inc engages 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, and fuel; and general merchandise items, such as health and beauty care, and household products.
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