Monro Inc (MNRO) Given Average Rating of “Hold” by Analysts

Shares of Monro Inc (NASDAQ:MNRO) have received an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $60.33.

A number of research firms recently weighed in on MNRO. Zacks Investment Research upgraded Monro from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. TheStreet upgraded Monro from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Oppenheimer reiterated a “buy” rating on shares of Monro in a research report on Friday, December 15th. BidaskClub upgraded Monro from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, KeyCorp reiterated a “hold” rating on shares of Monro in a research report on Tuesday, October 24th.

Monro (NASDAQ MNRO) traded down $0.65 on Tuesday, reaching $56.95. The company had a trading volume of 206,100 shares, compared to its average volume of 361,739. Monro has a twelve month low of $39.65 and a twelve month high of $61.10. The company has a current ratio of 1.00, a quick ratio of 0.28 and a debt-to-equity ratio of 0.62. The company has a market cap of $1,866.37, a PE ratio of 30.45, a PEG ratio of 2.09 and a beta of 0.67.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Monro had a return on equity of 10.82% and a net margin of 5.66%. The business had revenue of $278.02 million for the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter in the prior year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. analysts predict that Monro will post 2.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, December 12th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Monro’s previous quarterly dividend of $0.11. Monro’s dividend payout ratio (DPR) is presently 38.50%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stephens Inc. AR increased its position in shares of Monro by 0.9% in the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 45 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Monro by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 24,450 shares of the auto parts company’s stock valued at $1,021,000 after buying an additional 85 shares in the last quarter. Arizona State Retirement System boosted its stake in Monro by 0.6% in the second quarter. Arizona State Retirement System now owns 17,091 shares of the auto parts company’s stock valued at $714,000 after buying an additional 100 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Monro by 0.8% in the second quarter. Macquarie Group Ltd. now owns 26,429 shares of the auto parts company’s stock valued at $1,103,000 after buying an additional 201 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Monro by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock valued at $126,000 after buying an additional 452 shares in the last quarter.

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Monro Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Analyst Recommendations for Monro (NASDAQ:MNRO)

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