Monro Inc (NASDAQ:MNRO) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $70.00.
Several research firms recently weighed in on MNRO. BidaskClub raised shares of Monro from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Zacks Investment Research raised shares of Monro from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, February 5th.
In related news, Director Peter J. Solomon sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $80.29, for a total value of $2,408,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Enlightenment Research LLC bought a new position in Monro during the fourth quarter worth $34,000. Strs Ohio bought a new position in Monro during the fourth quarter worth $123,000. PNC Financial Services Group Inc. boosted its position in Monro by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the auto parts company’s stock worth $128,000 after purchasing an additional 273 shares during the period. LS Investment Advisors LLC boosted its position in Monro by 94.1% during the fourth quarter. LS Investment Advisors LLC now owns 1,927 shares of the auto parts company’s stock worth $132,000 after purchasing an additional 934 shares during the period. Finally, Kessler Investment Group LLC boosted its holdings in Monro by 39.3% in the third quarter. Kessler Investment Group LLC now owns 3,168 shares of the auto parts company’s stock valued at $220,000 after acquiring an additional 893 shares during the last quarter.
NASDAQ MNRO traded up $2.05 on Wednesday, reaching $80.56. The company had a trading volume of 7,950 shares, compared to its average volume of 376,298. The firm has a market capitalization of $2.60 billion, a P/E ratio of 38.68, a PEG ratio of 2.60 and a beta of 0.77. Monro has a 52-week low of $50.25 and a 52-week high of $84.38. The company has a current ratio of 1.05, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.
Monro (NASDAQ:MNRO) last announced its earnings results on Thursday, January 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $310.11 million during the quarter, compared to analyst estimates of $309.89 million. Monro had a return on equity of 12.47% and a net margin of 6.71%. As a group, sell-side analysts predict that Monro will post 2.42 EPS for the current fiscal 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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