Weis Markets (WMK) Downgraded by TheStreet

TheStreet downgraded shares of Weis Markets (NYSE:WMK) from a b- rating to a c rating in a research note published on Friday.

Separately, BidaskClub raised shares of Weis Markets from a strong sell rating to a sell rating in a report on Monday, August 14th.

Weis Markets (WMK) opened at $41.38 on Friday. Weis Markets has a 1-year low of $31.26 and a 1-year high of $68.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.91 and a quick ratio of 0.80. The stock has a market cap of $1,122.99, a PE ratio of 14.86 and a beta of 0.69.

Weis Markets (NYSE:WMK) last issued its earnings results on Friday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.16% and a return on equity of 8.13%. The company had revenue of $854.26 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. Weis Markets’s dividend payout ratio (DPR) is 42.70%.

In other Weis Markets news, CFO Scott F. Frost acquired 600 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of $42.85 per share, with a total value of $25,710.00. Following the purchase, the chief financial officer now directly owns 1,961 shares in the company, valued at approximately $84,028.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan H. Weis acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $34.79 per share, with a total value of $347,900.00. Following the completion of the purchase, the insider now owns 1,228,766 shares in the company, valued at $42,748,769.14. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 13,200 shares of company stock valued at $463,814. Corporate insiders own 26.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in Weis Markets by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,007 shares of the company’s stock worth $390,000 after acquiring an additional 163 shares during the period. Russell Investments Group Ltd. grew its stake in Weis Markets by 8.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock worth $145,000 after acquiring an additional 240 shares during the period. Nationwide Fund Advisors grew its stake in Weis Markets by 5.1% in the 2nd quarter. Nationwide Fund Advisors now owns 8,821 shares of the company’s stock worth $430,000 after acquiring an additional 429 shares during the period. Voya Investment Management LLC grew its stake in Weis Markets by 9.3% in the 2nd quarter. Voya Investment Management LLC now owns 6,563 shares of the company’s stock worth $320,000 after acquiring an additional 558 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Weis Markets by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 9,742 shares of the company’s stock worth $475,000 after acquiring an additional 729 shares during the period. 31.91% of the stock is owned by institutional investors and hedge funds.

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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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