Skip to main content

Market Overview

UPDATE: J.P. Morgan Raises PT on Roundy's Following Adjusted 1Q13 EPS


In a report published Tuesday, J.P. Morgan analyst Ken Goldman reiterated a Neutral rating on Roundy's (NYSE: RNDY), and raised the price target from $5.00 to $7.00.

In the report, Goldman noted, “Following recent earnings, we are maintaining our Neutral rating on RNDY. The company last week reported adjusted 1Q13 EPS of $0.19, $0.02 below the Bloomberg consensus, with better-than-expected sales and SG&A offset by a lower gross margin. Management reiterated guidance, and we are a bit more comfortable with the company's ability to forecast the impact from new competition. So while we remain concerned about continued declines in overall customer count, we are encouraged RNDY seems to be driving a bit better volume with its existing customers. Thus we are raising our sales growth estimate for FY13 to account for higher ticket growth. We also are boosting our Dec-13 price target to $7 to account for recently improved multiples in the space, and our EPS estimates go up slightly.”

Roundy's closed on Monday at $7.33.

Latest Ratings for RNDY

Nov 2015JefferiesMaintainsHold
Nov 2015Deutsche BankMaintainsHold
Aug 2015Bank of AmericaMaintainsUnderperform

View More Analyst Ratings for RNDY
View the Latest Analyst Ratings


Related Articles (RNDY)

View Comments and Join the Discussion!

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings

Latest Ratings

ETCredit SuisseMaintains13.0
IFRXCredit SuisseMaintains2.8
METCredit SuisseMaintains68.0
FLXNCredit SuisseMaintains14.0
ENPHCapital OneInitiates Coverage On175.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at