Weis Markets (NYSE:WMK) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Weis Markets (NYSE:WMK – Get Rating) in a report issued on Thursday. The brokerage set a “strong-buy” rating on the stock.

Weis Markets Trading Up 1.0 %

Shares of WMK stock opened at $82.36 on Thursday. Weis Markets has a twelve month low of $71.05 and a twelve month high of $95.57. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 17.67 and a beta of 0.34. The stock has a fifty day simple moving average of $84.07 and a two-hundred day simple moving average of $82.79.

Institutional Investors Weigh In On Weis Markets

Hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its stake in shares of Weis Markets by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 10,166 shares of the company’s stock worth $837,000 after purchasing an additional 131 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Weis Markets by 5.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,437 shares of the company’s stock worth $201,000 after purchasing an additional 135 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Weis Markets by 5.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,235 shares of the company’s stock worth $240,000 after purchasing an additional 162 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Weis Markets by 3.8% during the 4th quarter. Arizona State Retirement System now owns 4,554 shares of the company’s stock worth $375,000 after purchasing an additional 168 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in shares of Weis Markets by 1.4% during the 2nd quarter. WINTON GROUP Ltd now owns 14,358 shares of the company’s stock worth $1,070,000 after purchasing an additional 194 shares during the last quarter. 36.59% of the stock is currently owned by hedge funds and other institutional investors.

About Weis Markets

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Weis Markets, Inc engages in the ownership and operation of retail food stores. Its retail stores offer groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel, and general merchandise items.