Monro Inc (NASDAQ:MNRO) has been given an average recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $80.47.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Monro from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BidaskClub downgraded shares of Monro from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine raised shares of Monro from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. BMO Capital Markets decreased their price target on shares of Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Finally, SunTrust Banks lowered their price target on shares of Monro to $75.00 and set a “positive” rating for the company in a research report on Friday, October 25th.

In other Monro news, Director Peter J. Solomon sold 5,500 shares of Monro stock in a transaction on Monday, November 4th. The stock was sold at an average price of $70.86, for a total transaction of $389,730.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 13,104 shares of company stock valued at $941,046. 4.40% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC raised its holdings in Monro by 5.8% in the second quarter. Aperio Group LLC now owns 17,138 shares of the auto parts company’s stock worth $1,462,000 after buying an additional 946 shares during the last quarter. Rhumbline Advisers grew its position in Monro by 2.0% in the third quarter. Rhumbline Advisers now owns 103,828 shares of the auto parts company’s stock worth $8,203,000 after acquiring an additional 2,051 shares in the last quarter. Granite Investment Partners LLC grew its position in Monro by 30.4% in the second quarter. Granite Investment Partners LLC now owns 26,989 shares of the auto parts company’s stock worth $2,302,000 after acquiring an additional 6,285 shares in the last quarter. Comerica Bank increased its stake in Monro by 2.5% during the third quarter. Comerica Bank now owns 32,098 shares of the auto parts company’s stock worth $2,210,000 after acquiring an additional 793 shares during the last quarter. Finally, Eaton Vance Management increased its stake in Monro by 10.3% during the second quarter. Eaton Vance Management now owns 161,206 shares of the auto parts company’s stock worth $13,750,000 after acquiring an additional 15,070 shares during the last quarter.

Monro stock traded down $1.56 during mid-day trading on Tuesday, reaching $71.94. 7,050 shares of the company traded hands, compared to its average volume of 186,355. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.30. The firm’s 50 day moving average price is $73.41 and its 200 day moving average price is $79.27. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 2.28 and a beta of 0.74. Monro has a 52-week low of $60.78 and a 52-week high of $89.72.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.88 annualized dividend and a dividend yield of 1.22%. Monro’s payout ratio is currently 36.97%.

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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