ValuEngine cut shares of Monro (NASDAQ:MNRO) from a buy rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.

A number of other brokerages also recently commented on MNRO. CIBC reissued a market perform rating on shares of Monro in a research report on Thursday, July 11th. Zacks Investment Research downgraded shares of Monro from a buy rating to a hold rating in a research report on Friday, May 24th. BMO Capital Markets assumed coverage on shares of Monro in a research report on Friday, August 9th. They issued a market perform rating and a $90.00 target price on the stock. BidaskClub raised shares of Monro from a sell rating to a hold rating in a research report on Wednesday, July 24th. Finally, Oppenheimer downgraded shares of Monro from an outperform rating to a market perform rating and set a $86.00 target price on the stock. in a research report on Thursday, July 11th. Nine equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average target price of $86.78.

Shares of NASDAQ:MNRO opened at $76.12 on Thursday. Monro has a 52 week low of $60.78 and a 52 week high of $89.72. The company’s 50 day moving average is $80.04 and its two-hundred day moving average is $81.64. The company has a current ratio of 0.93, a quick ratio of 0.28 and a debt-to-equity ratio of 0.81. The company has a market cap of $2.52 billion, a PE ratio of 30.69, a P/E/G ratio of 2.21 and a beta of 0.79.

Monro (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. Monro had a net margin of 6.69% and a return on equity of 12.01%. The company had revenue of $317.10 million for the quarter, compared to the consensus estimate of $320.60 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that Monro will post 2.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Monro’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, August 23rd. Monro’s dividend payout ratio (DPR) is 36.97%.

In related news, insider Maureen Mulholland sold 500 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $84.40, for a total value of $42,200.00. Following the transaction, the insider now directly owns 574 shares of the company’s stock, valued at approximately $48,445.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donald Glickman sold 2,500 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.14, for a total transaction of $215,350.00. Following the completion of the transaction, the director now directly owns 173,578 shares in the company, valued at $14,952,008.92. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock worth $1,152,285 over the last ninety days. Insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MNRO. Advisory Services Network LLC grew its position in shares of Monro by 60.2% in the 2nd quarter. Advisory Services Network LLC now owns 322 shares of the auto parts company’s stock valued at $27,000 after buying an additional 121 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Monro during the 2nd quarter worth $32,000. NumerixS Investment Technologies Inc acquired a new stake in Monro during the 2nd quarter worth $68,000. Contravisory Investment Management Inc. acquired a new stake in Monro during the 2nd quarter worth $160,000. Finally, US Bancorp DE boosted its stake in Monro by 8.8% during the 2nd quarter. US Bancorp DE now owns 2,202 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 178 shares during the period.

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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