Monro (MNRO) Upgraded at BidaskClub

BidaskClub upgraded shares of Monro (NASDAQ:MNRO) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Separately, Zacks Investment Research upgraded shares of Monro from a hold rating to a buy rating and set a $81.00 target price on the stock in a report on Tuesday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $70.00.

MNRO opened at $76.44 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Monro has a fifty-two week low of $51.20 and a fifty-two week high of $84.38. The stock has a market capitalization of $2.59 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76.

Monro (NASDAQ:MNRO) last posted its earnings results on Thursday, January 31st. The auto parts company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Monro had a net margin of 6.71% and a return on equity of 12.47%. The company had revenue of $310.11 million for the quarter, compared to analyst estimates of $309.89 million. Equities analysts forecast that Monro will post 2.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.05%. Monro’s dividend payout ratio is presently 38.46%.

In other Monro news, insider Maureen Mulholland sold 1,000 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $79.60, for a total value of $79,600.00. Following the completion of the sale, the insider now owns 200 shares in the company, valued at approximately $15,920. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen C. Mccluski sold 10,000 shares of the stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $77.61, for a total transaction of $776,100.00. Following the completion of the sale, the director now owns 5,923 shares of the company’s stock, valued at approximately $459,684.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,000 shares of company stock valued at $1,637,300. Company insiders own 4.60% of the company’s stock.

A number of large investors have recently bought and sold shares of MNRO. First Trust Advisors LP increased its stake in Monro by 102.0% in the 3rd quarter. First Trust Advisors LP now owns 18,507 shares of the auto parts company’s stock valued at $1,288,000 after buying an additional 9,344 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Monro by 2.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 136,364 shares of the auto parts company’s stock valued at $9,491,000 after buying an additional 3,280 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Monro by 12.1% during the 3rd quarter. Wells Fargo & Company MN now owns 66,676 shares of the auto parts company’s stock valued at $4,640,000 after acquiring an additional 7,196 shares during the period. Stone Ridge Asset Management LLC grew its position in shares of Monro by 4.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 16,464 shares of the auto parts company’s stock valued at $1,146,000 after acquiring an additional 763 shares during the period. Finally, Parametrica Management Ltd bought a new position in shares of Monro during the 3rd quarter valued at approximately $288,000.

Monro Company Profile

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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