Roundy’s Coverage Initiated at Jefferies Group (RNDY)
Research analysts at Jefferies Group assumed coverage on shares of Roundy’s (NASDAQ:RNDY) in a report released on Friday, Stock Ratings News reports. The firm set a “hold” rating and a $10.50 price target on the stock. Jefferies Group’s price objective would indicate a potential upside of 9.95% from the stock’s previous close.
Roundy’s (NASDAQ:RNDY) opened at 9.55 on Friday. Roundy’s has a one year low of $4.56 and a one year high of $10.96. The stock’s 50-day moving average is $9.36 and its 200-day moving average is $8.99. The company’s market cap is $429.5 million.
Roundy’s (NASDAQ:RNDY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.06. The company had revenue of $984.16 million for the quarter, compared to the consensus estimate of $987.69 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Roundy’s will post $0.71 earnings per share for the current fiscal year.
RNDY has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of Roundy’s in a research note to investors on Friday, December 27th. They set a “neutral” rating and a $10.00 price target on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Roundy’s from $6.00 to $7.00 in a research note to investors on Monday, November 11th. They now have a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating, Roundy’s has a consensus rating of “Hold” and an average price target of $8.55.
Roundy’s, Inc, formerly Roundy’s Parent Company, Inc, is a retail grocery company headquartered in Milwaukee, Wisconsin.
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