Monro, Inc. (NASDAQ:MNRO) Given Consensus Recommendation of “Hold” by Analysts

Monro, Inc. (NASDAQ:MNRO) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $57.00.

A number of equities research analysts have commented on MNRO shares. TheStreet upgraded shares of Monro from a “c” rating to a “b-” rating in a report on Wednesday, July 28th. Zacks Investment Research cut shares of Monro from a “buy” rating to a “hold” rating in a report on Wednesday, May 26th.

In other Monro news, CEO Michael T. Broderick acquired 5,000 shares of the company’s stock in a transaction on Friday, July 30th. The shares were purchased at an average cost of $59.39 per share, with a total value of $296,950.00. Following the completion of the purchase, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $2,969,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC lifted its position in shares of Monro by 2.5% during the second quarter. Parametric Portfolio Associates LLC now owns 121,827 shares of the auto parts company’s stock valued at $7,737,000 after purchasing an additional 2,940 shares in the last quarter. Morgan Stanley lifted its position in shares of Monro by 37.2% during the second quarter. Morgan Stanley now owns 138,474 shares of the auto parts company’s stock valued at $8,794,000 after purchasing an additional 37,541 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Monro during the second quarter valued at about $672,000. Metropolitan Life Insurance Co NY lifted its position in shares of Monro by 101,466.7% during the second quarter. Metropolitan Life Insurance Co NY now owns 9,141 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 9,132 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Monro by 289.5% during the second quarter. Millennium Management LLC now owns 45,457 shares of the auto parts company’s stock valued at $2,887,000 after purchasing an additional 33,785 shares in the last quarter.

Shares of MNRO traded up $0.34 during trading hours on Monday, hitting $56.43. 220,948 shares of the stock were exchanged, compared to its average volume of 228,226. Monro has a fifty-two week low of $39.39 and a fifty-two week high of $72.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.80 and a quick ratio of 0.28. The business has a 50-day moving average of $58.02 and a 200-day moving average of $63.15. The firm has a market capitalization of $1.89 billion, a P/E ratio of 40.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, July 28th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. Monro had a net margin of 3.85% and a return on equity of 7.02%. The company had revenue of $341.82 million during the quarter, compared to analysts’ expectations of $324.00 million. As a group, analysts forecast that Monro will post 2.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Shareholders of record on Monday, August 23rd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.84%. This is a positive change from Monro’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, August 20th. Monro’s dividend payout ratio (DPR) is 91.23%.

Monro Company Profile

Monro, Inc engages in the operation of chain stores that provides automotive undercar repair and tire services. The company offers services for brakes; mufflers and exhaust systems; and steering, drive train, suspension and wheel alignment. It operates under the brand names: Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.

Featured Story: Liquidity

Receive News & Ratings for Monro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.com's FREE daily email newsletter.