Monro (NASDAQ:MNRO) Raised to Overweight at Stephens

Monro (NASDAQ:MNRO - Get Free Report) was upgraded by research analysts at Stephens from an "equal weight" rating to an "overweight" rating in a note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has a $18.00 price objective on the auto parts company's stock, down from their prior price objective of $21.00. Stephens' price objective would suggest a potential upside of 16.26% from the stock's previous close.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company cut their price target on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. Wedbush cut their target price on Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st.

Monro Price Performance

MNRO stock traded up $1.02 during mid-day trading on Friday, reaching $15.48. The company's stock had a trading volume of 415,353 shares, compared to its average volume of 649,737. The stock has a market cap of $463.67 million, a PE ratio of 24.43, a P/E/G ratio of 2.05 and a beta of 1.09. The company's 50 day moving average is $17.41 and its two-hundred day moving average is $23.19. Monro has a fifty-two week low of $13.83 and a fifty-two week high of $31.53. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45.

Monro (NASDAQ:MNRO - Get Free Report) 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 return on equity of 3.76% and a net margin of 1.64%. Equities research analysts expect that Monro will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MNRO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Monro by 19.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,533 shares of the auto parts company's stock valued at $1,718,000 after buying an additional 9,839 shares during the period. Centiva Capital LP purchased a new stake in Monro during the third quarter worth about $401,000. Quarry LP lifted its position in shares of Monro by 30.2% during the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock worth $77,000 after purchasing an additional 619 shares in the last quarter. State Street Corp grew its holdings in shares of Monro by 0.8% in the third quarter. State Street Corp now owns 1,344,978 shares of the auto parts company's stock valued at $38,816,000 after purchasing an additional 11,265 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Monro by 20.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company's stock worth $46,374,000 after buying an additional 273,265 shares during the period.

About Monro

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.