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

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

Other equities analysts have also issued research reports about the company. Wells Fargo & Company decreased their target price on 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 reaffirmed an "outperform" rating and issued a $31.00 target price on shares of Monro in a research report on Wednesday, December 18th.

Monro Stock Down 1.9 %

Shares of NASDAQ MNRO traded down $0.34 during midday trading on Thursday, hitting $17.47. The stock had a trading volume of 1,135,914 shares, compared to its average volume of 820,296. The business's 50 day moving average is $21.25 and its 200-day moving average is $25.18. Monro has a 52 week low of $17.44 and a 52 week high of $33.40. 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 cap of $523.21 million, a P/E ratio of 27.30, a PEG ratio of 2.05 and a beta of 1.08.

Monro (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts predict that Monro will post 0.63 EPS for the current year.

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Monro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Tuesday, February 25th. Monro's payout ratio is 175.00%.

Institutional Trading of Monro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC bought a new stake in shares of Monro during the 4th quarter valued at $52,000. Quarry LP lifted its position in Monro by 30.2% during the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock valued at $77,000 after purchasing an additional 619 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Monro during the fourth quarter valued at about $156,000. XTX Topco Ltd purchased a new stake in Monro in the third quarter worth about $213,000. Finally, ProShare Advisors LLC bought a new position in shares of Monro in the fourth quarter worth about $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.