Weis Markets (NYSE:WMK) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Weis Markets' stock price has fallen below its 200-day moving average of $75.30, currently trading at $68.19, which may prompt considerations to sell.
• The company recently declared a quarterly dividend of $0.34 per share, representing a 2.0% yield, with a payout ratio of 33.83%.
• Analysts have assigned Weis Markets an average rating of "Hold," indicating no strong recommendation for buying or selling at this time.

Weis Markets, Inc. (NYSE:WMK - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $75.30 and traded as low as $67.35. Weis Markets shares last traded at $68.19, with a volume of 135,108 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Weis Markets in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Weis Markets currently has an average rating of "Hold".

Weis Markets Stock Performance

The company has a market cap of $1.69 billion, a PE ratio of 16.96 and a beta of 0.48. The stock has a 50 day moving average of $71.33 and a 200-day moving average of $75.30.

Weis Markets (NYSE:WMK - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter. The company had revenue of $1.21 billion during the quarter. Weis Markets had a return on equity of 7.60% and a net margin of 2.23%.

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets's dividend payout ratio (DPR) is currently 33.83%.

Institutional Investors Weigh In On Weis Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its position in Weis Markets by 16.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,591 shares of the company's stock worth $115,000 after purchasing an additional 224 shares during the period. Squarepoint Ops LLC grew its position in Weis Markets by 457.2% during the 2nd quarter. Squarepoint Ops LLC now owns 69,115 shares of the company's stock worth $5,010,000 after purchasing an additional 56,712 shares during the period. State of Wyoming grew its position in Weis Markets by 316.3% during the 2nd quarter. State of Wyoming now owns 3,489 shares of the company's stock worth $253,000 after purchasing an additional 2,651 shares during the period. CANADA LIFE ASSURANCE Co grew its position in Weis Markets by 4.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 6,876 shares of the company's stock worth $500,000 after purchasing an additional 284 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Weis Markets by 138.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company's stock worth $96,000 after purchasing an additional 773 shares during the period.

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.

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