Monro Inc (NASDAQ:MNRO) Receives $80.47 Consensus Target Price from Analysts

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Monro Inc (NASDAQ:MNRO) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $80.47.

MNRO has been the subject of several recent analyst reports. BMO Capital Markets reduced their price target on Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Zacks Investment Research cut Monro from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. BidaskClub cut Monro from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. SunTrust Banks reduced their price target on Monro to $75.00 and set a “positive” rating for the company in a report on Friday, October 25th. Finally, ValuEngine cut Monro from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.

In related news, Director Peter J. Solomon sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $70.86, for a total value of $389,730.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 13,104 shares of company stock valued at $941,046 over the last ninety days. 4.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC increased its stake in Monro by 1,348.9% in the 3rd quarter. Copeland Capital Management LLC now owns 357,113 shares of the auto parts company’s stock valued at $28,215,000 after purchasing an additional 332,466 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Monro by 2.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 566,029 shares of the auto parts company’s stock valued at $44,722,000 after purchasing an additional 13,500 shares in the last quarter. BBVA USA Bancshares Inc. increased its stake in Monro by 17.5% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 11,947 shares of the auto parts company’s stock valued at $944,000 after purchasing an additional 1,783 shares in the last quarter. Mason Street Advisors LLC increased its stake in Monro by 1.9% in the 3rd quarter. Mason Street Advisors LLC now owns 11,281 shares of the auto parts company’s stock valued at $891,000 after purchasing an additional 206 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Monro in the 3rd quarter valued at approximately $46,000.

Shares of MNRO traded up $0.61 during mid-day trading on Friday, hitting $71.79. The company’s stock had a trading volume of 14,830 shares, compared to its average volume of 321,321. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.83. The firm has a 50-day simple moving average of $75.48 and a 200 day simple moving average of $80.17. The firm has a market capitalization of $2.43 billion, a P/E ratio of 30.16, a P/E/G ratio of 2.27 and a beta of 0.73. Monro has a 1-year low of $60.78 and a 1-year high of $89.72.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.11). The business had revenue of $324.11 million during the quarter, compared to analyst estimates of $330.07 million. Monro had a net margin of 6.48% and a return on equity of 11.41%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, sell-side analysts predict that Monro will post 2.48 EPS for the current fiscal year.

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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Analyst Recommendations for Monro (NASDAQ:MNRO)

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