Monro Inc (MNRO) Receives $64.50 Average Price Target from Brokerages

Monro Inc (NASDAQ:MNRO) has received an average rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $70.67.

A number of brokerages have recently issued reports on MNRO. BidaskClub cut Monro from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research raised Monro from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Tuesday, July 24th. Guggenheim set a $74.00 target price on Monro and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, ValuEngine raised Monro from a “hold” rating to a “buy” rating in a report on Saturday, July 14th.

Shares of MNRO stock opened at $74.99 on Monday. The company has a quick ratio of 0.33, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. Monro has a 12 month low of $45.45 and a 12 month high of $78.63. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 4.48 and a beta of 0.67.

In related news, insider Samuel Senuk sold 1,750 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $75.95, for a total transaction of $132,912.50. Following the completion of the sale, the insider now directly owns 167 shares of the company’s stock, valued at approximately $12,683.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raymond L. Pickens sold 10,250 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $75.01, for a total value of $768,852.50. Following the sale, the vice president now directly owns 1,304 shares of the company’s stock, valued at $97,813.04. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock valued at $5,132,015 over the last ninety days. Insiders own 4.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. CenterStar Asset Management LLC acquired a new stake in Monro during the 2nd quarter valued at $101,000. Kessler Investment Group LLC acquired a new stake in shares of Monro in the 2nd quarter valued at $132,000. PEAK6 Investments L.P. increased its stake in shares of Monro by 979.0% in the 2nd 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 period. Xact Kapitalforvaltning AB increased its stake in shares of Monro by 72.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock valued at $345,000 after buying an additional 2,700 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Monro in the 2nd quarter valued at $404,000.

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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