Shares of Monro Inc (NASDAQ:MNRO) have earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $70.00.
A number of research firms have weighed in on MNRO. Zacks Investment Research upgraded Monro from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Tuesday. BidaskClub lowered Monro from a “hold” rating to a “sell” rating in a report on Saturday.
In other news, insider Maureen Mulholland sold 2,000 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00. Following the completion of the sale, the insider now owns 200 shares in the company, valued at approximately $15,200. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter J. Solomon sold 30,000 shares of the stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $80.29, for a total value of $2,408,700.00. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of MNRO. Strs Ohio purchased a new stake in shares of Monro during the 4th quarter valued at $123,000. LS Investment Advisors LLC lifted its holdings in shares of Monro by 94.1% during the 4th quarter. LS Investment Advisors LLC now owns 1,927 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 934 shares during the last quarter. Kessler Investment Group LLC lifted its holdings in shares of Monro by 39.3% during the 3rd quarter. Kessler Investment Group LLC now owns 3,168 shares of the auto parts company’s stock valued at $220,000 after purchasing an additional 893 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of Monro during the 3rd quarter valued at $288,000. Finally, Rafferty Asset Management LLC purchased a new stake in shares of Monro during the 3rd quarter valued at $290,000.
Shares of NASDAQ MNRO traded up $0.55 during trading hours on Wednesday, reaching $76.70. The stock had a trading volume of 4,779 shares, compared to its average volume of 368,371. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 1.05. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.49 and a beta of 0.77. Monro has a 52-week low of $50.25 and a 52-week high of $84.38.
Monro (NASDAQ:MNRO) last posted its earnings results on Thursday, January 31st. The auto parts company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $310.11 million during the quarter, compared to analyst estimates of $309.89 million. Monro had a return on equity of 12.47% and a net margin of 6.71%. Analysts forecast that Monro will post 2.42 earnings per share for the current year.
Monro Company Profile
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
Further Reading: Preferred Stock
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