BidaskClub Upgrades Monro (MNRO) to “Hold”
BidaskClub upgraded shares of Monro (NASDAQ:MNRO) from a sell rating to a hold rating in a research report released on Saturday.
Several other analysts have also weighed in on the company. TheStreet lowered Monro from a b- rating to a c+ rating in a report on Tuesday, February 27th. Jefferies Group reissued a hold rating on shares of Monro in a report on Wednesday, January 31st. Oppenheimer reissued a buy rating on shares of Monro in a report on Tuesday, January 30th. Finally, Zacks Investment Research raised Monro from a hold rating to a buy rating and set a $69.00 target price on the stock in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Monro presently has a consensus rating of Hold and a consensus target price of $63.33.
Shares of Monro (NASDAQ MNRO) traded up $1.10 during mid-day trading on Friday, reaching $52.10. The company had a trading volume of 264,334 shares, compared to its average volume of 255,689. Monro has a 52-week low of $39.65 and a 52-week high of $64.15. The firm has a market capitalization of $1,708.62, a price-to-earnings ratio of 30.83, a PEG ratio of 1.84 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 0.33.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 15th. Monro’s dividend payout ratio (DPR) is 42.60%.
In other news, insider Maureen Mulholland sold 3,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $51.00, for a total value of $153,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen C. Mccluski sold 10,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $55.51, for a total value of $555,100.00. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Monro by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 24,450 shares of the auto parts company’s stock valued at $1,021,000 after acquiring an additional 85 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Monro by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 57,916 shares of the auto parts company’s stock valued at $3,298,000 after acquiring an additional 993 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Monro by 19.2% in the fourth quarter. D.A. Davidson & CO. now owns 8,547 shares of the auto parts company’s stock valued at $487,000 after acquiring an additional 1,378 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Monro by 7.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 21,613 shares of the auto parts company’s stock valued at $1,231,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its position in shares of Monro by 10.0% in the third quarter. Pinebridge Investments L.P. now owns 21,645 shares of the auto parts company’s stock valued at $1,214,000 after acquiring an additional 1,967 shares in the last quarter.
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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