TheStreet Downgrades Weis Markets (WMK) to C

Weis Markets (NYSE:WMK) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Friday, December 8th.

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

Shares of Weis Markets (WMK) traded down $0.54 on Friday, hitting $41.72. 120,898 shares of the stock were exchanged, compared to its average volume of 93,828. 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 $1,141.01, a P/E ratio of 14.85 and a beta of 0.69. Weis Markets has a 1-year low of $31.26 and a 1-year high of $68.88.

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

In other news, insider Jonathan H. Weis acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $34.79 per share, for a total transaction of $347,900.00. Following the completion of the purchase, the insider now directly owns 1,228,766 shares of the company’s stock, valued at approximately $42,748,769.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Edward John Lauth III acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $34.77 per share, for a total transaction of $69,540.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $173,850. The disclosure for this purchase can be found here. Insiders purchased 12,600 shares of company stock worth $438,104 in the last 90 days. 26.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its stake in shares of Weis Markets by 35.7% in the second quarter. First Trust Advisors LP now owns 450,435 shares of the company’s stock worth $21,945,000 after buying an additional 118,394 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Weis Markets by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,092,999 shares of the company’s stock worth $53,251,000 after buying an additional 77,804 shares during the last quarter. Royce & Associates LP increased its stake in shares of Weis Markets by 3.6% in the second quarter. Royce & Associates LP now owns 1,420,500 shares of the company’s stock worth $69,207,000 after buying an additional 49,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Weis Markets by 5.6% in the second quarter. Renaissance Technologies LLC now owns 637,600 shares of the company’s stock worth $31,064,000 after buying an additional 33,800 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Weis Markets by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,001,136 shares of the company’s stock worth $48,775,000 after buying an additional 31,203 shares during the last quarter. Institutional investors own 31.89% of the company’s stock.

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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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