Monro (NASDAQ:MNRO) Receives Equal Weight Rating from Stephens

Stephens restated their equal weight rating on shares of Monro (NASDAQ:MNRO) in a research report report published on Thursday morning,Benzinga reports. Stephens currently has a $21.00 price objective on the auto parts company’s stock.

Several other research analysts have also recently issued reports on MNRO. Wells Fargo & Company cut their price target on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. Wedbush restated an “outperform” rating and issued a $31.00 target price on shares of Monro in a report on Wednesday, December 18th.

Monro Price Performance

MNRO stock opened at $17.67 on Thursday. Monro has a 52-week low of $17.65 and a 52-week high of $33.98. The stock has a market cap of $529.20 million, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The business has a fifty day moving average of $21.40 and a two-hundred day moving average of $25.24. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. As a group, research analysts anticipate that Monro will post 0.63 earnings per share for the current year.

Monro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 6.34%. Monro’s dividend payout ratio is currently 175.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Monro by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,995 shares of the auto parts company’s stock valued at $421,000 after acquiring an additional 577 shares during the last quarter. Quarry LP boosted its holdings in shares of Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after buying an additional 619 shares during the period. D.B. Root & Company LLC increased its position in shares of Monro by 7.0% in the third quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company’s stock worth $411,000 after acquiring an additional 927 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Monro by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company’s stock valued at $1,382,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in Monro by 17.9% in the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 1,506 shares during the period.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.