Monro Inc (MNRO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Monro Inc (NASDAQ:MNRO) have been given a consensus rating of “Hold” by the ten research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $70.67.

MNRO has been the topic of a number of research reports. BidaskClub downgraded shares of Monro from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research downgraded shares of Monro from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th.

Shares of MNRO traded up $0.11 on Friday, reaching $69.80. The company’s stock had a trading volume of 280,145 shares, compared to its average volume of 348,131. The company has a current ratio of 1.11, a quick ratio of 0.33 and a debt-to-equity ratio of 0.57. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.33 and a beta of 0.79. Monro has a 12-month low of $50.25 and a 12-month high of $84.38.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $307.11 million for the quarter, compared to the consensus estimate of $298.74 million. Monro had a net margin of 6.09% and a return on equity of 12.21%. As a group, analysts predict that Monro will post 2.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Tuesday, December 11th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, December 10th. Monro’s payout ratio is 38.46%.

In other Monro news, insider Maureen Mulholland sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $76.00, for a total transaction of $152,000.00. Following the sale, the insider now owns 200 shares in the company, valued at approximately $15,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter J. Solomon sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $80.29, for a total transaction of $2,408,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,000 shares of company stock worth $3,462,465. 4.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PEAK6 Investments L.P. raised its position in shares of Monro by 979.0% during the second quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock valued at $204,000 after buying an additional 3,916 shares during the last quarter. Kessler Investment Group LLC raised its position in shares of Monro by 39.3% during the third quarter. Kessler Investment Group LLC now owns 3,168 shares of the auto parts company’s stock valued at $220,000 after buying an additional 893 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Monro during the third quarter valued at approximately $288,000. Rafferty Asset Management LLC bought a new stake in shares of Monro during the third quarter valued at approximately $290,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Monro during the third quarter valued at approximately $305,000.

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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