Insider Buying: Roundy's Director Buys 5,000 Shares of Stock (RNDY)
Roundy's (NASDAQ:RNDY) Director Gregory P. Josefowicz purchased 5,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $3.50 per share, for a total transaction of $17,500.00. Following the purchase, the director now directly owns 50,375 shares in the company, valued at approximately $176,313. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on RNDY shares. Analysts at Zacks downgraded shares of Roundy's from a “neutral” rating to an “underperform” rating in a research note on Monday, August 11th. They now have a $3.70 price target on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Roundy's in a research note on Thursday, August 7th. They now have a $4.25 price target on the stock, down previously from $5.50. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.14.
Shares of Roundy's (NASDAQ:RNDY) traded down 0.28% during mid-day trading on Thursday, hitting $3.56. 390,005 shares of the company’s stock traded hands. Roundy's has a one year low of $3.47 and a one year high of $10.96. The stock’s 50-day moving average is $4.55 and its 200-day moving average is $5.75. The company’s market cap is $171.5 million.
Roundy's (NASDAQ:RNDY) last released its earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.16. The company had revenue of $971.90 million for the quarter, compared to the consensus estimate of $942.76 million. During the same quarter last year, the company posted $0.30 earnings per share. Roundy's’s revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that Roundy's will post $-0.08 earnings per share for the current fiscal year.
Roundy’s, Inc, formerly Roundy’s Parent Company, Inc, is a retail grocery company headquartered in Milwaukee, Wisconsin.
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