Monro (MNRO) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Monro (NASDAQ:MNRO) from a hold rating to a sell rating in a report released on Tuesday morning.

MNRO has been the topic of several other reports. BidaskClub upgraded Monro from a hold rating to a buy rating in a research note on Friday, January 26th. Zacks Investment Research raised Monro from a hold rating to a buy rating and set a $61.00 target price on the stock in a report on Friday, April 20th. Jefferies Group reissued a hold rating on shares of Monro in a report on Wednesday, January 31st. Guggenheim initiated coverage on Monro in a report on Tuesday, April 17th. They issued a buy rating and a $67.00 target price on the stock. Finally, TheStreet downgraded Monro from a b- rating to a c+ rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $61.75.

MNRO stock opened at $52.15 on Tuesday. Monro has a 1-year low of $39.65 and a 1-year high of $64.15. The company has a market capitalization of $1.84 billion, a PE ratio of 28.19, a P/E/G ratio of 1.75 and a beta of 0.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.33 and a current ratio of 1.06.

Monro (NASDAQ:MNRO) last released its quarterly earnings data on Monday, May 21st. The auto parts company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). Monro had a net margin of 5.13% and a return on equity of 10.48%. The company had revenue of $285.60 million during the quarter, compared to the consensus estimate of $286.08 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. analysts forecast that Monro will post 2.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Monday, June 4th will be issued a $0.20 dividend. This is an increase from Monro’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, June 1st. Monro’s payout ratio is presently 38.92%.

In other Monro news, insider Maureen Mulholland sold 3,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $51.00, for a total transaction of $153,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.20% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of MNRO. Xact Kapitalforvaltning AB acquired a new position in Monro during the 4th quarter worth $213,000. Advisor Group Inc. lifted its holdings in Monro by 837.7% during the 4th quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock worth $219,000 after buying an additional 3,443 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Monro during the 4th quarter worth $232,000. Paloma Partners Management Co acquired a new position in Monro during the 4th quarter worth $233,000. Finally, D.B. Root & Company LLC acquired a new position in Monro during the 4th quarter worth $249,000.

About Monro

Monro, Inc engages in the operation of chain stores that provides automotive undercar repair and tire services. The firm offers services for brake systems, steering and suspension systems, tires, exhaust systems and many vehicle maintenance services and certain locations specialize in providing commercial tire and maintenance services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Monro (NASDAQ:MNRO)

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's FREE daily email newsletter.

Leave a Reply