TheStreet upgraded shares of Weis Markets (NYSE:WMK) from a c+ rating to a b- rating in a report issued on Monday morning.

Shares of WMK stock opened at $45.14 on Monday. Weis Markets has a fifty-two week low of $36.50 and a fifty-two week high of $57.82. The stock has a market cap of $1.23 billion, a PE ratio of 19.36 and a beta of 0.28.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Friday, November 2nd. The company reported $0.53 earnings per share for the quarter. Weis Markets had a return on equity of 6.35% and a net margin of 3.23%. The business had revenue of $869.08 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Friday, November 9th were paid a dividend of $0.31 per share. This is a positive change from Weis Markets’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.75%.

Several hedge funds have recently modified their holdings of WMK. Bank of Montreal Can purchased a new stake in shares of Weis Markets during the second quarter worth about $130,000. United Services Automobile Association purchased a new stake in shares of Weis Markets during the second quarter worth about $213,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Weis Markets during the second quarter worth about $268,000. MetLife Investment Advisors LLC grew its stake in shares of Weis Markets by 57.0% during the third quarter. MetLife Investment Advisors LLC now owns 7,049 shares of the company’s stock worth $306,000 after acquiring an additional 2,559 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Weis Markets during the second quarter worth about $307,000. Institutional investors and hedge funds own 37.69% of the company’s stock.

About Weis Markets

Weis Markets, Inc engages 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, and fuel; and general merchandise items, such as health and beauty care, and household products.

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