Northcoast Research Reaffirms Neutral Rating for Monro (MNRO)

Northcoast Research reaffirmed their neutral rating on shares of Monro (NASDAQ:MNRO) in a research note published on Thursday, September 13th.

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.

About Monro

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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Analyst Recommendations for Monro (NASDAQ:MNRO)

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