Monro (NASDAQ:MNRO) Upgraded to “Overweight” at Stephens

Stephens upgraded shares of Monro (NASDAQ:MNRO) from an equal weight rating to an overweight rating in a report published on Friday, MarketBeat reports. They currently have $18.00 price target on the auto parts company’s stock, down from their prior price target of $21.00.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company lowered their price objective on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Wedbush lowered their price target on shares of Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday.

Monro Trading Up 5.5 %

Shares of Monro stock opened at $15.27 on Friday. Monro has a twelve month low of $13.83 and a twelve month high of $31.53. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $17.80 and a 200-day moving average price of $23.46. The firm has a market cap of $457.32 million, a price-to-earnings ratio of 23.86, a PEG ratio of 2.05 and a beta of 1.09.

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

Monro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend was Tuesday, February 25th. Monro’s payout ratio is 175.00%.

Institutional Investors Weigh In On Monro

Several institutional investors have recently made changes to their positions in MNRO. Versant Capital Management Inc raised its position in Monro by 964.8% in the 1st quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 1,756 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Monro during the fourth quarter valued at approximately $52,000. Quarry LP raised 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. KLP Kapitalforvaltning AS bought a new stake in shares of Monro during the 4th quarter worth approximately $156,000. Finally, XTX Topco Ltd purchased a new position in Monro during the 3rd quarter valued at $213,000.

Monro Company Profile

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.