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.
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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