Monro (NASDAQ:MNRO) Sets New 1-Year Low - Should You Sell?

Monro, Inc. (NASDAQ:MNRO - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $18.47 and last traded at $18.57, with a volume of 1271602 shares traded. The stock had previously closed at $19.64.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MNRO. Wells Fargo & Company cut their price target on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. Stephens initiated coverage on shares of Monro in a research note on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 target price on the stock. Finally, Wedbush reiterated an "outperform" rating and issued a $31.00 price target on shares of Monro in a report on Wednesday, December 18th.

Monro Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. The firm has a fifty day moving average of $23.73 and a two-hundred day moving average of $26.02. The stock has a market capitalization of $566.65 million, a P/E ratio of 29.56, a P/E/G ratio of 1.72 and a beta of 1.08.

Monro (NASDAQ:MNRO - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. On average, analysts predict that Monro, Inc. will post 0.76 EPS for the current year.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.92%. Monro's dividend payout ratio is presently 175.00%.

Hedge Funds Weigh In On Monro

A number of large investors have recently added to or reduced their stakes in MNRO. The Manufacturers Life Insurance Company grew its position in shares of Monro by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company's stock worth $279,000 after buying an additional 458 shares during the last quarter. Quarry LP boosted its stake in Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock valued at $77,000 after acquiring an additional 619 shares in the last quarter. D.B. Root & Company LLC boosted its stake in Monro by 7.0% in the third quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company's stock valued at $411,000 after acquiring an additional 927 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of Monro by 2.4% during the third quarter. Cerity Partners LLC now owns 84,769 shares of the auto parts company's stock worth $2,446,000 after purchasing an additional 2,023 shares in the last quarter.

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.