A number of other analysts have also recently weighed in on MNRO. ValuEngine cut shares of Monro from a hold rating to a sell rating in a research note on Tuesday, May 22nd. Zacks Investment Research cut shares of Monro from a buy rating to a sell rating in a research note on Friday, May 25th. BidaskClub raised shares of Monro from a buy rating to a strong-buy rating in a research note on Thursday, May 31st. TheStreet raised shares of Monro from a c+ rating to a b- rating in a research note on Thursday, June 14th. Finally, Guggenheim set a $67.00 price objective on shares of Monro and gave the stock a buy rating in a research note on Friday, July 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $69.00.
Shares of NASDAQ:MNRO traded up $1.25 on Thursday, hitting $68.15. 345,589 shares of the company were exchanged, compared to its average volume of 294,929. Monro has a one year low of $45.45 and a one year high of $73.45. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.33 and a current ratio of 1.09. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 4.95 and a beta of 0.83.
Monro (NASDAQ:MNRO) last posted its earnings results on Thursday, July 26th. The auto parts company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.03). The business had revenue of $295.80 million during the quarter, compared to the consensus estimate of $296.80 million. Monro had a net margin of 5.85% and a return on equity of 11.81%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. Equities analysts predict that Monro will post 2.35 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Monday, August 27th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. Monro’s payout ratio is 38.46%.
In related news, Director Donald Glickman sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $68.91, for a total value of $344,550.00. Following the transaction, the director now directly owns 189,250 shares in the company, valued at $13,041,217.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Peter J. Solomon sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $71.17, for a total transaction of $1,423,400.00. Following the completion of the transaction, the director now owns 4,723 shares in the company, valued at $336,135.91. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock worth $4,574,800 over the last quarter. 4.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. CenterStar Asset Management LLC acquired a new stake in Monro in the second quarter worth $101,000. Kessler Investment Group LLC acquired a new stake in Monro in the second quarter worth $132,000. PEAK6 Investments L.P. raised its holdings in Monro by 979.0% in the second quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock worth $204,000 after purchasing an additional 3,916 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Monro by 72.3% in the first quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock worth $345,000 after purchasing an additional 2,700 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Monro in the second quarter worth $404,000.
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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