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. It operates stores primarily under the Weis Markets name, as well as Weis, Weis 2 Go, Weis Great Meals Start Here, Weis Gas-n-Go, and Weis Nutri-Facts. As of March 7, 2022, the company owned and operated 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia. Weis Markets, Inc. was founded in 1912 and is based in Sunbury, Pennsylvania.
Weis Markets Stock Up 0.6 %
Shares of WMK traded up $0.49 during mid-day trading on Wednesday, hitting $79.75. The company had a trading volume of 69,800 shares, compared to its average volume of 69,614. Weis Markets has a 1-year low of $52.01 and a 1-year high of $86.75. The business's 50-day simple moving average is $76.10 and its 200-day simple moving average is $73.71. The stock has a market cap of $2.15 billion, a PE ratio of 18.01 and a beta of 0.14.
Weis Markets (NYSE:WMK - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $1.35 earnings per share for the quarter. The company had revenue of $1.14 billion for the quarter. Weis Markets had a net margin of 2.69% and a return on equity of 9.64%.
Weis Markets Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 8th. Shareholders of record on Monday, July 25th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, July 22nd. This is a positive change from Weis Markets's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.61%. Weis Markets's dividend payout ratio is currently 28.96%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Weis Markets from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 14th.