Weis Markets (NYSE:WMK) Reaches New 12-Month Low – Should You Sell?

Weis Markets, Inc. (NYSE:WMK) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $61.57 and last traded at $62.2690, with a volume of 19889 shares traded. The stock had previously closed at $63.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weis Markets in a research report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Weis Markets presently has an average rating of “Hold”.

Weis Markets Trading Up 2.5%

The stock has a market capitalization of $1.62 billion, a PE ratio of 16.28 and a beta of 0.48. The firm’s fifty day moving average price is $69.81 and its two-hundred day moving average price is $73.84.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, November 4th. The company reported $0.74 earnings per share for the quarter. The firm had revenue of $1.24 billion during the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%.

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, November 10th. Weis Markets’s payout ratio is presently 33.83%.

Institutional Investors Weigh In On Weis Markets

Several institutional investors and hedge funds have recently added to or reduced their stakes in WMK. Alps Advisors Inc. boosted its stake in Weis Markets by 7.9% during the 1st quarter. Alps Advisors Inc. now owns 15,703 shares of the company’s stock worth $1,210,000 after purchasing an additional 1,156 shares during the last quarter. Denali Advisors LLC boosted its stake in Weis Markets by 0.8% during the 1st quarter. Denali Advisors LLC now owns 38,219 shares of the company’s stock worth $2,945,000 after purchasing an additional 319 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Weis Markets by 7.8% during the 1st quarter. Allianz Asset Management GmbH now owns 152,837 shares of the company’s stock worth $11,776,000 after purchasing an additional 11,017 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Weis Markets during the 1st quarter worth $2,562,000. Finally, XTX Topco Ltd acquired a new stake in Weis Markets during the 1st quarter worth $611,000.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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.