Monro Inc (NASDAQ:MNRO) Director Peter J. Solomon sold 5,604 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $72.89, for a total value of $408,475.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Peter J. Solomon also recently made the following trade(s):
- On Monday, November 4th, Peter J. Solomon sold 5,500 shares of Monro stock. The shares were sold at an average price of $70.86, for a total value of $389,730.00.
- On Thursday, October 31st, Peter J. Solomon sold 2,000 shares of Monro stock. The shares were sold at an average price of $71.42, for a total value of $142,840.00.
NASDAQ MNRO traded up $0.16 during trading hours on Friday, hitting $71.20. 17,537 shares of the company traded hands, compared to its average volume of 324,759. The business’s 50-day moving average is $75.72 and its 200-day moving average is $80.31. Monro Inc 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 quick ratio of 0.30 and a current ratio of 0.95. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 2.27 and a beta of 0.73.
Monro (NASDAQ:MNRO) last issued 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 for the quarter, compared to analyst estimates of $330.07 million. During the same period last year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Monro Inc will post 2.48 EPS for the current year.
MNRO has been the subject of several recent research reports. CIBC reissued a “market perform” rating on shares of Monro in a research report on Thursday, July 11th. BidaskClub cut Monro from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. SunTrust Banks reduced their price target on Monro to $75.00 and set a “positive” rating for the company in a research report on Friday, October 25th. ValuEngine cut Monro from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Oppenheimer cut Monro from an “outperform” rating to a “market perform” rating and set a $86.00 price target for the company. in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $81.98.
A number of large investors have recently added to or reduced their stakes in MNRO. Advisory Services Network LLC raised its stake in Monro by 60.2% in the second quarter. Advisory Services Network LLC now owns 322 shares of the auto parts company’s stock valued at $27,000 after buying an additional 121 shares during the period. Bessemer Group Inc. bought a new stake in Monro in the second quarter valued at approximately $32,000. Tower Research Capital LLC TRC bought a new stake in Monro in the third quarter valued at approximately $46,000. NumerixS Investment Technologies Inc bought a new stake in Monro in the second quarter valued at approximately $68,000. Finally, Contravisory Investment Management Inc. bought a new stake in Monro in the second quarter valued at approximately $160,000.
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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