Monro (NASDAQ:MNRO) Price Target Lowered to $19.00 at Wedbush

Monro (NASDAQ:MNRO) had its price objective cut by Wedbush from $27.00 to $19.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

MNRO has been the topic of several other reports. Stephens reiterated an “equal weight” rating and set a $21.00 price objective on shares of Monro in a report on Thursday, February 27th. Wells Fargo & Company dropped their price target 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.

Monro Stock Up 0.8 %

MNRO stock opened at $14.59 on Tuesday. The company has a 50 day moving average price of $18.21 and a two-hundred day moving average price of $23.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The stock has a market capitalization of $436.96 million, a P/E ratio of 22.80, a PEG ratio of 2.05 and a beta of 1.09. Monro has a one year low of $13.83 and a one year high of $31.76.

Monro (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 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, sell-side analysts expect that Monro will post 0.63 EPS for the current year.

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.68%. Monro’s dividend payout ratio (DPR) is 175.00%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC purchased a new position in shares of Monro in the 4th quarter valued at $3,327,000. Pacer Advisors Inc. acquired a new stake in Monro in the 4th quarter valued at $28,899,000. Geode Capital Management LLC raised its position in Monro by 2.5% in the third quarter. Geode Capital Management LLC now owns 823,250 shares of the auto parts company’s stock valued at $23,763,000 after purchasing an additional 20,420 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Monro by 1,288.0% during the fourth quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company’s stock worth $3,500,000 after purchasing an additional 130,954 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Monro in the fourth quarter valued at about $272,000.

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.