Monro’s (MNRO) Equal Weight Rating Reiterated at Stephens

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

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

Monro Stock Performance

Monro stock opened at $17.81 on Thursday. 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 company has a market capitalization of $533.39 million, a P/E ratio of 27.83, a PEG ratio of 2.05 and a beta of 1.08. The stock’s 50 day moving average is $21.25 and its 200 day moving average is $25.18. Monro has a twelve month low of $17.49 and a twelve month high of $33.98.

Monro (NASDAQ:MNRO) last posted 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 return on equity of 3.76% and a net margin of 1.64%. On average, equities research analysts predict that Monro will post 0.63 earnings per share for the current fiscal year.

Monro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.12 annualized dividend and a yield of 6.29%. Monro’s dividend payout ratio is 175.00%.

Institutional Trading of Monro

Several institutional investors have recently added to or reduced their stakes in MNRO. Creative Planning boosted its stake in shares of Monro by 22.5% in the 3rd quarter. Creative Planning now owns 14,700 shares of the auto parts company’s stock worth $424,000 after buying an additional 2,701 shares during the last quarter. D.B. Root & Company LLC boosted its stake in shares of Monro by 7.0% in the 3rd quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company’s stock worth $411,000 after buying an additional 927 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Monro by 100.9% in the 3rd quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company’s stock worth $3,649,000 after buying an additional 63,506 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Monro in the 3rd quarter worth $515,000. Finally, Intech Investment Management LLC purchased a new position in shares of Monro in the 3rd quarter worth $1,205,000.

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.