Insider Selling: Monro Inc (NASDAQ:MNRO) Director Sells 5,500 Shares of Stock

Monro Inc (NASDAQ:MNRO) Director Peter J. Solomon sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $70.86, for a total value of $389,730.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peter J. Solomon also recently made the following trade(s):

  • 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.

Shares of MNRO stock traded up $0.07 on Thursday, hitting $72.55. 2,917 shares of the stock traded hands, compared to its average volume of 321,344. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.30. The company has a market capitalization of $2.36 billion, a PE ratio of 30.54, a PEG ratio of 2.20 and a beta of 0.73. Monro Inc has a 1-year low of $60.78 and a 1-year high of $89.72. The company’s fifty day moving average is $75.79 and its 200 day moving average is $80.36.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.11). The firm had revenue of $324.11 million for the quarter, compared to analyst estimates of $330.07 million. Monro had a net margin of 6.48% and a return on equity of 11.41%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, equities research analysts expect that Monro Inc will post 2.48 EPS for the current year.

MNRO has been the topic of a number of recent analyst reports. ValuEngine lowered Monro from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Oppenheimer lowered Monro from an “outperform” rating to a “market perform” rating and set a $86.00 target price on the stock. in a research report on Thursday, July 11th. BMO Capital Markets cut their target price on Monro from $90.00 to $78.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. CIBC reaffirmed a “market perform” rating on shares of Monro in a research report on Thursday, July 11th. Finally, Zacks Investment Research lowered Monro from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $81.98.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Monro by 4.0% during the 2nd quarter. BlackRock Inc. now owns 4,878,294 shares of the auto parts company’s stock valued at $416,119,000 after acquiring an additional 189,012 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Monro by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,601,276 shares of the auto parts company’s stock valued at $307,189,000 after acquiring an additional 52,983 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of Monro by 3.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,207,556 shares of the auto parts company’s stock valued at $273,605,000 after acquiring an additional 97,383 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Monro by 3.3% during the 2nd quarter. Victory Capital Management Inc. now owns 590,844 shares of the auto parts company’s stock valued at $50,399,000 after acquiring an additional 18,992 shares in the last quarter. Finally, FMR LLC grew its stake in Monro by 6.0% during the 1st quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock worth $49,762,000 after buying an additional 32,522 shares during the last quarter.

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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Insider Buying and Selling by Quarter for Monro (NASDAQ:MNRO)

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