Monro (NASDAQ:MNRO) had its price target decreased by research analysts at BMO Capital Markets from $70.00 to $65.00 in a research note issued to investors on Thursday, The Fly reports. BMO Capital Markets’ price target suggests a potential upside of 21.95% from the company’s previous close.
Separately, Zacks Investment Research cut Monro from a “buy” rating to a “hold” rating in a report on Tuesday, January 4th.
NASDAQ:MNRO opened at $53.30 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.78 and a quick ratio of 0.25. Monro has a 1 year low of $52.77 and a 1 year high of $72.67. The stock’s 50 day simple moving average is $57.83 and its two-hundred day simple moving average is $58.47. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 1.72 and a beta of 1.09.
Monro (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, January 26th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.03). Monro had a return on equity of 7.95% and a net margin of 4.31%. The firm had revenue of $341.80 million during the quarter, compared to the consensus estimate of $338.90 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. As a group, analysts anticipate that Monro will post 2.17 EPS for the current year.
In related news, Director John L. Auerbach sold 2,750 shares of the business’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $62.47, for a total transaction of $171,792.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael T. Broderick acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were acquired at an average price of $60.45 per share, with a total value of $151,125.00. The disclosure for this purchase can be found here. 4.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Eaton Vance Management raised its position in Monro by 0.8% during the 3rd quarter. Eaton Vance Management now owns 20,683 shares of the auto parts company’s stock valued at $1,148,000 after purchasing an additional 170 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Monro by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 18,837 shares of the auto parts company’s stock valued at $1,196,000 after purchasing an additional 182 shares in the last quarter. CIBC Asset Management Inc grew its stake in Monro by 4.9% in the third quarter. CIBC Asset Management Inc now owns 3,893 shares of the auto parts company’s stock valued at $224,000 after purchasing an additional 183 shares during the last quarter. US Bancorp DE raised its holdings in Monro by 21.0% in the third quarter. US Bancorp DE now owns 1,136 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 197 shares in the last quarter. Finally, Cardinal Capital Management lifted its position in shares of Monro by 1.7% during the fourth quarter. Cardinal Capital Management now owns 13,023 shares of the auto parts company’s stock valued at $759,000 after buying an additional 221 shares during the last quarter.
About Monro
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.