Monro (NASDAQ:MNRO) Raised to Buy at BidaskClub
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Monro from a buy rating to a hold rating in a report on Thursday, April 11th. Guggenheim downgraded shares of Monro from a buy rating to a neutral rating and set a $82.89 price objective for the company. in a report on Thursday, April 4th. They noted that the move was a valuation call. SunTrust Banks boosted their price objective on shares of Monro to $85.00 and gave the company a hold rating in a report on Wednesday, May 22nd. They noted that the move was a valuation call. Finally, CL King reissued a hold rating on shares of Monro in a report on Wednesday, May 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $85.96.
Shares of MNRO stock opened at $87.31 on Friday. The stock has a market cap of $2.90 billion, a P/E ratio of 36.68, a P/E/G ratio of 2.51 and a beta of 0.76. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Monro has a 52 week low of $57.40 and a 52 week high of $89.72.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.22 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. This is an increase from Monro’s previous quarterly dividend of $0.20. Monro’s payout ratio is currently 36.97%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Monro by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the auto parts company’s stock valued at $128,000 after purchasing an additional 273 shares during the period. Huntington National Bank boosted its holdings in Monro by 55.5% in the 1st quarter. Huntington National Bank now owns 1,564 shares of the auto parts company’s stock valued at $135,000 after purchasing an additional 558 shares during the period. Virtu Financial LLC bought a new stake in Monro in the 1st quarter valued at about $218,000. Magnus Financial Group LLC bought a new stake in Monro in the 4th quarter valued at about $234,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Monro in the 4th quarter valued at about $245,000.
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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