Weis Markets (NYSE:WMK) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Weis Markets (NYSE:WMK) from a buy rating to a hold rating in a report issued on Monday, April 2nd.

Separately, TheStreet cut Weis Markets from a b- rating to a c rating in a report on Friday, December 8th.

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NYSE:WMK traded up $0.05 during midday trading on Monday, hitting $44.06. 45,246 shares of the stock were exchanged, compared to its average volume of 102,099. Weis Markets has a one year low of $31.26 and a one year high of $62.88. The stock has a market cap of $1,154.73, a price-to-earnings ratio of 23.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.76 and a quick ratio of 0.74.



Weis Markets (NYSE:WMK) last announced its earnings results on Tuesday, March 13th. The company reported $0.54 EPS for the quarter. The firm had revenue of $883.75 million for the quarter. Weis Markets had a return on equity of 5.17% and a net margin of 2.84%.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMK. Russell Investments Group Ltd. grew its position in Weis Markets by 557.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,596 shares of the company’s stock worth $852,000 after purchasing an additional 16,616 shares in the last quarter. JPMorgan Chase & Co. grew its position in Weis Markets by 193.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,473 shares of the company’s stock worth $1,161,000 after purchasing an additional 17,463 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Weis Markets during the 3rd quarter valued at $269,000. Citadel Advisors LLC grew its holdings in shares of Weis Markets by 85.2% during the 3rd quarter. Citadel Advisors LLC now owns 9,714 shares of the company’s stock valued at $423,000 after acquiring an additional 4,468 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Weis Markets by 14.7% during the 3rd quarter. Wells Fargo & Company MN now owns 23,374 shares of the company’s stock valued at $1,017,000 after acquiring an additional 3,004 shares in the last quarter. Hedge funds and other institutional investors own 33.49% of the company’s stock.

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Weis Markets Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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