Weis Markets Sees Stock Rating Escalate to 'Buy' by Analysts at StockNews.com

Analysts at StockNews.com have recently elevated the stock rating for Weis Markets (NYSE:WMK), a prominent supermarket chain, changing its status from 'hold' to 'buy'. This endorsement comes as significant news for investors and the company alike.

Previous Ratings and Company Stock Movements

Prior to this upgrade, Weis Markets faced a downgrade by TheStreet, which adjusted its rating from 'b-' to 'c' on November 16th. Nonetheless, Weis Markets' stock demonstrated resilience, trading at an opening price of $60.08 on the day of the upgrade announcement with a 52-week range between $58.75 and $88.55. The company's stock has been hovering around a 50-day moving average of $62.94 and a more stable 200-day moving average of $64.29.

Weis Markets Earnings Overview

In its latest earnings report published on November 6th, Weis Markets disclosed an earnings per share (EPS) of $0.86 for the quarter. An 8.43% return on equity and a net margin of 2.34% were also reported, alongside quarterly revenues of $1.16 billion.

Institutional Investors' Involvement

Numerous institutional investors and hedge funds have been adjusting their holdings in Weis Markets. Highlights include Shell Asset Management Co.'s stake increase by 148.2%, and Landscape Capital Management L.L.C.'s new acquisition valued at $287,000. Exchange Traded Concepts LLC expanded its shares by 21.6%, while Swiss National Bank modestly increased its share by 0.9%, now owning a total of 35,200 shares estimated to be worth $2,260,000.

About Weis Markets

Weis Markets, Inc is a major player in the retail food industry, operating a widespread chain of supermarkets across Pennsylvania and neighboring states. The company offers a vast selection of goods ranging from groceries, dairy, and meats to pharmacy services, prepared foods, and even fuel. Its comprehensive retail approach also includes non-food items such as health and beauty products.

Upgrade, Rating, Stock