Shares of Monro Inc (NASDAQ:MNRO) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $80.47.
Several research analysts recently weighed in on the company. BMO Capital Markets lowered their price objective on Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Oppenheimer lowered Monro from an “outperform” rating to a “market perform” rating and set a $86.00 price objective for the company. in a research report on Thursday, July 11th. ValuEngine lowered Monro from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Zacks Investment Research lowered Monro from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, SunTrust Banks lowered their price objective on Monro to $75.00 and set a “positive” rating for the company in a research report on Friday, October 25th.
In related news, Director Peter J. Solomon sold 5,500 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $70.86, for a total value of $389,730.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 13,104 shares of company stock valued at $941,046 over the last quarter. 4.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MNRO. Copeland Capital Management LLC boosted its position in shares of Monro by 1,348.9% during the third quarter. Copeland Capital Management LLC now owns 357,113 shares of the auto parts company’s stock worth $28,215,000 after buying an additional 332,466 shares during the period. Marshall Wace LLP boosted its position in shares of Monro by 359.4% during the second quarter. Marshall Wace LLP now owns 409,252 shares of the auto parts company’s stock worth $34,909,000 after buying an additional 320,167 shares during the period. Invesco Ltd. boosted its position in shares of Monro by 388.6% during the second quarter. Invesco Ltd. now owns 357,238 shares of the auto parts company’s stock worth $30,472,000 after buying an additional 284,129 shares during the period. BlackRock Inc. boosted its position in shares of Monro by 4.0% during the second quarter. BlackRock Inc. now owns 4,878,294 shares of the auto parts company’s stock worth $416,119,000 after buying an additional 189,012 shares during the period. Finally, Morgan Stanley boosted its position in shares of Monro by 1,259.1% during the second quarter. Morgan Stanley now owns 148,458 shares of the auto parts company’s stock worth $12,664,000 after buying an additional 137,535 shares during the period.
Shares of NASDAQ:MNRO traded up $0.14 during midday trading on Friday, hitting $71.18. The company had a trading volume of 274,500 shares, compared to its average volume of 321,321. Monro has a twelve month low of $60.78 and a twelve month high of $89.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.30. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. The business’s 50-day simple moving average is $75.72 and its 200-day simple moving average is $80.31.
Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.11). Monro had a net margin of 6.48% and a return on equity of 11.41%. The company had revenue of $324.11 million during the quarter, compared to analyst estimates of $330.07 million. During the same period in the prior year, the business posted $0.65 EPS. Monro’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Monro will post 2.48 EPS 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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