Roundy’s Coverage Initiated by Analysts at Credit Suisse (RNDY)
Research analysts at Credit Suisse initiated coverage on shares of Roundy’s (NASDAQ:RNDY) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
In other Roundy’s news, Director John Willis sold 7,222,876 shares of the company’s stock on the open market in a transaction that occurred on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
RNDY has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of Roundy’s in a research note on Tuesday. They set a “market perform” rating and a $7.50 price target on the stock. 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. Seven research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $8.13.
Shares of Roundy’s (NASDAQ:RNDY) opened at 7.17 on Wednesday. Roundy’s has a 1-year low of $5.53 and a 1-year high of $10.96. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $8.82. The company’s market cap is $322.5 million.
Roundy’s, Inc, formerly Roundy’s Parent Company, Inc, is a retail grocery company headquartered in Milwaukee, Wisconsin.
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