Robert W. Baird Lowers Roundy’s to Neutral (RNDY)
Roundy’s (NASDAQ: RNDY) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Friday. They currently have a $12.00 target price on the stock.
Shares of Roundy’s traded up 1.48% during mid-day trading on Friday, hitting $10.2901. Roundy’s has a 52 week low of $8.25 and a 52 week high of $12.40. The company has a market cap of $469.7 million and a P/E ratio of 8.26.
Roundy’s last announced its earnings results on Thursday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Roundy’s will post $0.00 earnings per share next quarter.
A number of other analysts have also recently weighed in on RNDY. Analysts at Jefferies Group (NYSE: JEF) initiated coverage on shares of Roundy’s in a research note to investors on Monday, March 19th. They set a “buy” rating and a $14.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Roundy’s in a research note to investors on Monday, March 19th. They set an “outperform” rating and a $12.50 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Roundy’s in a research note to investors on Monday, March 19th. They set a “market perform” rating on the stock.
Roundy’s, Inc., formerly Roundy’s Parent Company, Inc., is a retail grocery company headquartered in Milwaukee, Wisconsin.