Monro Inc (NASDAQ:MNRO) Receives Average Recommendation of “Hold” from Brokerages

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Monro Inc (NASDAQ:MNRO) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $80.47.

A number of research analysts have recently issued reports on the stock. SunTrust Banks reduced their price objective on shares of Monro to $75.00 and set a “positive” rating for the company in a report on Friday, October 25th. Zacks Investment Research cut shares of Monro from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. ValuEngine raised shares of Monro from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. BMO Capital Markets decreased their price objective on shares of Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Finally, BidaskClub lowered shares of Monro from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

In other news, Director Peter J. Solomon sold 2,000 shares of Monro stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $71.42, for a total transaction of $142,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 13,104 shares of company stock valued at $941,046. Insiders own 4.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC bought a new stake in Monro in the third quarter worth about $1,582,000. Man Group plc grew its stake in Monro by 83.2% during the third quarter. Man Group plc now owns 31,226 shares of the auto parts company’s stock valued at $2,467,000 after acquiring an additional 14,183 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Monro by 2.9% during the third quarter. Public Employees Retirement System of Ohio now owns 81,109 shares of the auto parts company’s stock valued at $6,408,000 after acquiring an additional 2,295 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Monro by 5.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 124,407 shares of the auto parts company’s stock worth $9,829,000 after acquiring an additional 6,654 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Monro by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 50,880 shares of the auto parts company’s stock worth $4,020,000 after acquiring an additional 608 shares during the period.

Monro stock traded down $1.56 during trading hours on Tuesday, reaching $71.94. 7,050 shares of the company’s stock were exchanged, compared to its average volume of 186,355. The firm’s 50 day simple moving average is $73.41 and its 200 day simple moving average is $79.27. Monro has a twelve month low of $60.78 and a twelve month high of $89.72. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.44 billion, a PE ratio of 30.24, a PEG ratio of 2.28 and a beta of 0.74.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.11). The business had revenue of $324.11 million during the quarter, compared to analyst estimates of $330.07 million. Monro had a net margin of 6.48% and a return on equity of 11.41%. Monro’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Analysts anticipate that Monro will post 2.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.88 dividend on an annualized basis and a yield of 1.22%. Monro’s dividend payout ratio (DPR) is presently 36.97%.

About Monro

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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Analyst Recommendations for Monro (NASDAQ:MNRO)

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