Citigroup Reiterates Buy Rating On Winn-Dixie (WINN)

Winn Dixie (NASDAQ: WINN) released its quarterly earnings numbers yesterday after the closing bell. The company reported earnings per share of $0.25. Adjusted EBITDA was $41.3 million versus consensus of $38.1 million. Citigroup analysts are lowering their price target on the stock after this report. The new price target is $11 versus a previous target of $16. The firm has a Buy rating on the stock. During today's trading session, WINN shares have fallen 13.24% to $6.96.

Winn-Dixie Stores, Inc. is a food retailer operating primarily under the Winn-Dixie banner. As of June 24, 2009, the Company operated 515 stores in five states in the southeastern United States. The Company generates revenues and cash as it sells products to customers in its stores.