Shares of Monro Inc (NASDAQ:MNRO) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $86.38.
MNRO has been the topic of a number of research reports. Zacks Investment Research raised Monro from a “sell” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Thursday, September 26th. Oppenheimer lowered Monro from an “outperform” rating to a “market perform” rating and set a $86.00 price objective on the stock. in a report on Thursday, July 11th. ValuEngine lowered Monro from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. BidaskClub raised Monro from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Finally, BMO Capital Markets initiated coverage on Monro in a report on Friday, August 9th. They issued a “market perform” rating and a $90.00 price objective on the stock.
In related news, Director Donald Glickman sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $86.14, for a total transaction of $215,350.00. Following the sale, the director now directly owns 173,578 shares of the company’s stock, valued at $14,952,008.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Maureen Mulholland sold 500 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $84.40, for a total value of $42,200.00. Following the sale, the insider now directly owns 574 shares in the company, valued at $48,445.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,500 shares of company stock worth $1,152,285. 4.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of MNRO. Marshall Wace LLP grew its holdings in Monro by 2,626.8% during the first quarter. Marshall Wace LLP now owns 89,085 shares of the auto parts company’s stock worth $7,708,000 after acquiring an additional 85,818 shares during the period. Clearbridge Investments LLC grew its holdings in Monro by 0.3% during the first quarter. Clearbridge Investments LLC now owns 1,999,624 shares of the auto parts company’s stock worth $173,007,000 after acquiring an additional 6,862 shares during the period. FMR LLC grew its holdings in Monro by 6.0% in the first quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock valued at $49,762,000 after purchasing an additional 32,522 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Monro in the second quarter valued at approximately $160,000. Finally, Zions Bancorporation N.A. grew its holdings in Monro by 6.2% in the second quarter. Zions Bancorporation N.A. now owns 3,042 shares of the auto parts company’s stock valued at $259,000 after purchasing an additional 178 shares during the period.
Shares of NASDAQ MNRO traded up $0.56 during mid-day trading on Monday, reaching $79.42. 3,007 shares of the company were exchanged, compared to its average volume of 255,105. The company has a quick ratio of 0.28, a current ratio of 0.93 and a debt-to-equity ratio of 0.81. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.25 and a beta of 0.78. Monro has a 1 year low of $60.78 and a 1 year high of $89.72. The firm has a 50-day moving average of $77.29 and a 200 day moving average of $81.46.
Monro (NASDAQ:MNRO) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Monro had a return on equity of 12.01% and a net margin of 6.69%. The company had revenue of $317.10 million during the quarter, compared to analysts’ expectations of $320.60 million. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Monro will post 2.65 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.
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