Monro, Inc. (NASDAQ:MNRO - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $18.26 and last traded at $18.62, with a volume of 12521 shares traded. The stock had previously closed at $18.71.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Stephens reaffirmed an "equal weight" rating and set a $21.00 price objective on shares of Monro in a research report on Thursday. Wedbush restated an "outperform" rating and issued a $31.00 target price on shares of Monro in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company reduced their price target on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th.
View Our Latest Stock Analysis on MNRO
Monro Stock Down 4.2 %
The firm's fifty day moving average is $21.55 and its 200-day moving average is $25.30. The company has a market capitalization of $529.20 million, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54.
Monro (NASDAQ:MNRO - Get Free Report) last issued its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share 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, equities research analysts predict that Monro, Inc. will post 0.63 EPS for the current year.
Monro Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 6.34%. Monro's dividend payout ratio is currently 175.00%.
Hedge Funds Weigh In On Monro
Large investors have recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new position in shares of Monro in the fourth quarter valued at approximately $52,000. Quarry LP grew its holdings in Monro by 30.2% during the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock worth $77,000 after acquiring an additional 619 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Monro in the 4th quarter valued at approximately $156,000. XTX Topco Ltd bought a new position in shares of Monro during the third quarter valued at $213,000. Finally, ProShare Advisors LLC acquired a new position in shares of Monro during the fourth quarter worth $223,000.
About Monro
(
Get Free Report)
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.
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