Shares of Monro Inc (NASDAQ:MNRO) have received an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $55.33.
MNRO has been the topic of a number of research reports. ValuEngine downgraded Monro from a “buy” rating to a “hold” rating in a research note on Friday, August 21st. Wolfe Research began coverage on Monro in a research report on Tuesday. They set a “peer perform” rating on the stock. BidaskClub downgraded shares of Monro from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 16th. SunTrust Banks upped their price objective on shares of Monro from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Finally, Zacks Investment Research cut shares of Monro from a “hold” rating to a “sell” rating in a report on Wednesday, July 29th.
Several hedge funds and other institutional investors have recently bought and sold shares of MNRO. Brooktree Capital Management raised its holdings in shares of Monro by 2.9% in the second quarter. Brooktree Capital Management now owns 8,392 shares of the auto parts company’s stock valued at $461,000 after purchasing an additional 236 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Monro by 22.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,431 shares of the auto parts company’s stock worth $63,000 after buying an additional 258 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Monro by 108.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 500 shares of the auto parts company’s stock worth $27,000 after buying an additional 260 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Monro by 2.6% in the second quarter. Stifel Financial Corp now owns 12,185 shares of the auto parts company’s stock valued at $669,000 after acquiring an additional 305 shares in the last quarter. Finally, Scout Investments Inc. increased its position in shares of Monro by 0.3% during the second quarter. Scout Investments Inc. now owns 142,122 shares of the auto parts company’s stock valued at $7,808,000 after acquiring an additional 474 shares during the last quarter.
Shares of Monro stock traded up $0.62 during trading on Monday, reaching $42.33. 299,489 shares of the company traded hands, compared to its average volume of 385,972. The firm has a market capitalization of $1.41 billion, a PE ratio of 37.46, a P/E/G ratio of 2.09 and a beta of 1.05. Monro has a 1-year low of $37.09 and a 1-year high of $81.56. The company has a 50 day moving average price of $45.27 and a 200-day moving average price of $51.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.35 and a quick ratio of 0.73.
Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, July 29th. The auto parts company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.37. The firm had revenue of $247.06 million during the quarter, compared to the consensus estimate of $246.86 million. Monro had a net margin of 3.24% and a return on equity of 6.57%. The business’s revenue was down 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. Equities research analysts expect that Monro will post 1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, August 21st. This is a boost from Monro’s previous quarterly dividend of $0.11. This represents a $0.88 annualized dividend and a yield of 2.08%. Monro’s dividend payout ratio (DPR) is 44.00%.
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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