BidaskClub upgraded shares of Monro (NASDAQ:MNRO) from a hold rating to a buy rating in a research report sent to investors on Friday, BidAskClub reports.

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.

Monro (NASDAQ:MNRO) last announced its earnings results on Tuesday, May 21st. The auto parts company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $287.20 million during the quarter, compared to the consensus estimate of $292.07 million. Monro had a net margin of 6.64% and a return on equity of 12.10%. Monro’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, research analysts forecast that Monro will post 2.68 EPS for the current year.

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.

About Monro

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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