Monro (NASDAQ:MNRO) Earns “Equal Weight” Rating from Stephens

Monro (NASDAQ:MNRO)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $21.00 price target on the auto parts company’s stock. Stephens’ target price indicates a potential upside of 15.86% from the company’s previous close.

MNRO has been the topic of several other research reports. Wedbush reiterated an “outperform” rating and issued a $31.00 target price on shares of Monro in a research note on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th.

Monro Stock Performance

Shares of NASDAQ:MNRO opened at $18.13 on Thursday. Monro has a 12 month low of $17.85 and a 12 month high of $33.98. The company has a market cap of $542.83 million, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $21.55 and a 200-day moving average price of $25.30.

Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. As a group, equities analysts anticipate that Monro will post 0.63 EPS for the current year.

Institutional Trading of Monro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blueshift Asset Management LLC purchased a new stake in Monro in the 3rd quarter worth $830,000. Empowered Funds LLC bought a new position in Monro during the fourth quarter valued at approximately $3,327,000. Intech Investment Management LLC bought a new position in Monro during the third quarter valued at approximately $1,205,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Monro in the 3rd quarter worth approximately $515,000. Finally, Pacer Advisors Inc. bought a new stake in Monro in the 4th quarter worth approximately $28,899,000.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.