Roundy’s Director Sells $48,321,040 in Stock (RNDY)
Roundy’s (NASDAQ:RNDY) Director John R. Willis sold 7,222,876 shares of the stock on the open market in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $6.69, for a total value of $48,321,040.44. Following the completion of the transaction, the director now directly owns 20,241 shares of the company’s stock, valued at approximately $135,412. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Roundy’s (NASDAQ:RNDY) traded up 2.32% on Thursday, hitting $7.06. The stock had a trading volume of 717,270 shares. Roundy’s has a 1-year low of $5.53 and a 1-year high of $10.96. The stock’s 50-day moving average is $8.8 and its 200-day moving average is $8.88. The company’s market cap is $317.5 million.
A number of research firms have recently commented on RNDY. Analysts at Jefferies Group initiated coverage on shares of Roundy’s in a research note on Friday, January 10th. They set a “hold” rating and a $10.50 price target on the stock. Analysts at Credit Suisse initiated coverage on shares of Roundy’s in a research note on Friday, December 27th. They set a “neutral” rating and a $10.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, The company currently 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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