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

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

Several other equities research analysts also recently weighed in on MNRO. Wells Fargo & Company cut their price objective on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Wedbush cut their price target on Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday.

Monro Stock Performance

NASDAQ:MNRO opened at $14.59 on Tuesday. 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 firm has a market capitalization of $436.96 million, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. Monro has a twelve month low of $13.83 and a twelve month high of $31.76. The stock’s 50-day simple moving average is $18.21 and its 200 day simple moving average is $23.65.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) 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%. On average, analysts anticipate that Monro will post 0.63 EPS for the current fiscal year.

Monro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.28 per share. The ex-dividend date 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 presently 175.00%.

Institutional Trading of Monro

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new position in Monro during the 4th quarter worth about $52,000. Quarry LP lifted its position in shares of Monro by 30.2% in the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 619 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Monro in the 4th quarter worth approximately $156,000. XTX Topco Ltd bought a new stake in shares of Monro in the 3rd quarter valued at $213,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Monro during the fourth quarter worth $223,000.

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.