Monro Inc (MNRO) Director Stephen C. Mccluski Sells 10,000 Shares

Monro Inc (NASDAQ:MNRO) Director Stephen C. Mccluski sold 10,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $55.51, for a total value of $555,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Monro Inc (NASDAQ:MNRO) traded down $2.85 during midday trading on Monday, hitting $52.10. The company had a trading volume of 449,270 shares, compared to its average volume of 333,324. The firm has a market cap of $1,770.00, a PE ratio of 32.31, a PEG ratio of 1.92 and a beta of 0.62. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62. Monro Inc has a 1 year low of $39.65 and a 1 year high of $64.15.

Monro (NASDAQ:MNRO) last announced its earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $292.94 million. Monro had a return on equity of 10.48% and a net margin of 5.13%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. research analysts forecast that Monro Inc will post 2.09 EPS for the current year.

Several research analysts have recently issued reports on MNRO shares. TheStreet raised Monro from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Oppenheimer reaffirmed a “buy” rating on shares of Monro in a research report on Friday, December 15th. BidaskClub raised Monro from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Zacks Investment Research raised Monro from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Wednesday, January 24th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Monro in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $63.33.

Several hedge funds and other institutional investors have recently made changes to their positions in MNRO. Wasatch Advisors Inc. boosted its position in shares of Monro by 85.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,588,911 shares of the auto parts company’s stock valued at $108,087,000 after purchasing an additional 1,193,473 shares during the period. FMR LLC acquired a new stake in shares of Monro in the 2nd quarter valued at about $16,355,000. CWM LLC acquired a new stake in shares of Monro in the 4th quarter valued at about $12,802,000. Neuberger Berman Group LLC boosted its position in shares of Monro by 15.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,375,231 shares of the auto parts company’s stock valued at $77,082,000 after purchasing an additional 181,405 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Monro by 24.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 887,263 shares of the auto parts company’s stock valued at $37,043,000 after purchasing an additional 172,725 shares during the period.

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About Monro

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.

Insider Buying and Selling by Quarter for Monro (NASDAQ:MNRO)

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