CL King reiterated their hold rating on shares of Monro (NASDAQ:MNRO) in a research note released on Wednesday, TipRanks reports.

MNRO has been the subject of several other reports. Zacks Investment Research raised shares of Monro from a hold rating to a buy rating and set a $81.00 target price for the company in a report on Tuesday, February 5th. BidaskClub raised shares of Monro from a hold rating to a buy rating in a report on Monday, April 1st. Finally, SunTrust Banks lifted their target price on shares of Monro to $85.00 and gave the stock a hold rating in a report on Wednesday. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $85.96.

NASDAQ MNRO traded down $1.66 during trading hours on Wednesday, reaching $82.86. 8,619 shares of the company’s stock traded hands, compared to its average volume of 305,092. Monro has a 52-week low of $51.95 and a 52-week high of $89.72. The stock has a market cap of $2.78 billion, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.30.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Tuesday, May 21st. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Monro had a net margin of 6.64% and a return on equity of 12.10%. The company had revenue of $287.20 million during the quarter, compared to analysts’ expectations of $292.07 million. During the same period last year, the company posted $0.52 EPS. Monro’s revenue was up .6% on a year-over-year basis. Research analysts expect that Monro will post 2.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.22 dividend. The ex-dividend date is Friday, May 31st. This is a boost from Monro’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.06%. Monro’s payout ratio is 33.61%.

In other Monro news, Director Donald Glickman sold 10,000 shares of Monro stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the transaction, the director now directly owns 181,078 shares of the company’s stock, valued at $14,153,056.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.60% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in Monro by 6.0% in the first quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock worth $49,762,000 after buying an additional 32,522 shares during the last quarter. Maverick Capital Ltd. grew its stake in shares of Monro by 344.5% in the first quarter. Maverick Capital Ltd. now owns 267,230 shares of the auto parts company’s stock worth $23,121,000 after acquiring an additional 207,110 shares during the period. One Wealth Advisors LLC bought a new stake in shares of Monro in the first quarter worth approximately $96,000. M&T Bank Corp bought a new stake in shares of Monro in the first quarter worth approximately $217,000. Finally, Macquarie Group Ltd. grew its stake in shares of Monro by 1.3% in the first quarter. Macquarie Group Ltd. now owns 22,633 shares of the auto parts company’s stock worth $1,958,000 after acquiring an additional 292 shares during the period.

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.

Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?

Receive News & Ratings for Monro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.com's FREE daily email newsletter.