Weis Markets (WMK) Stock Forecast, Price & News

Weis Markets' stock was trading at $82.29 on January 1st, 2023. Since then, WMK shares have decreased by 19.5% and is now trading at $66.23.
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Weis Markets saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,450,000 shares, an increase of 17.9% from the April 30th total of 1,230,000 shares. Based on an average daily trading volume, of 91,200 shares, the days-to-cover ratio is currently 15.9 days. Approximately 9.7% of the shares of the company are short sold.
View Weis Markets' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our WMK earnings forecast.

Weis Markets, Inc. (NYSE:WMK) posted its quarterly earnings data on Friday, August, 2nd. The company reported $0.76 earnings per share for the quarter. The company had revenue of $887.97 million for the quarter. Weis Markets had a trailing twelve-month return on equity of 9.26% and a net margin of 2.53%.

Weis Markets announced a quarterly dividend on Thursday, April 27th. Investors of record on Monday, May 8th will be paid a dividend of $0.34 per share on Monday, May 22nd. This represents a $1.36 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, May 5th. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for WMK.

ETFs with the largest weight of Weis Markets (NYSE:WMK) stock in their portfolio include Invesco Dynamic Food & Beverage ETF (PBJ), Invesco DWA Consumer Staples Momentum ETF (PSL), Hartford Multifactor Small Cap ETF (ROSC), First Trust Active Factor Small Cap ETF (AFSM), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), First Trust Small Cap Value AlphaDEX Fund (FYT) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

Weis Markets (NYSE:WMK) pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.56%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for WMK.

280 employees have rated Weis Markets Chief Executive Officer Jonathan Weis on Glassdoor.com. Jonathan Weis has an approval rating of 61% among the company's employees. This puts Jonathan Weis in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 52.0% of employees surveyed would recommend working at Weis Markets to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Weis Markets investors own include General Mills (GIS), Pembina Pipeline (PBA), Shaw Communications (SJR), Verizon Communications (VZ), Walmart (WMT), Philip Morris International (PM), Ruth's Hospitality Group (RUTH), Universal (UVV), Walgreens Boots Alliance (WBA) and AbbVie (ABBV).

Weis Markets trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMK."

Weis Markets' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.67%), BlackRock Inc. (4.73%), Envestnet Asset Management Inc. (1.85%), State Street Corp (1.44%), Renaissance Technologies LLC (1.35%) and Geode Capital Management LLC (1.27%). Insiders that own company stock include Kurt A Schertle and Michael T Lockard.
View institutional ownership trends.

Shares of WMK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WMK stock can currently be purchased for approximately $66.23.

The company employs 23,000 workers across the globe.

Weis Markets' mailing address is 1000 S SECOND ST PO BOX 471, SUNBURY PA, 17801. The official website for the company is www.weismarkets.com. The company can be reached via phone at (570) 286-4571 or via fax at 570-286-3286.