Monro (NASDAQ:MNRO) Earns Equal Weight Rating from Stephens

Monro (NASDAQ:MNRO - Get Free Report)'s stock had its "equal weight" rating reaffirmed by stock analysts at Stephens in a report released on Tuesday,Benzinga reports. They currently have a $21.00 target price on the auto parts company's stock. Stephens' price objective would indicate a potential upside of 37.52% from the company's current price.

MNRO has been the subject of a number of other research reports. Wedbush lowered their target price on Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday. Wells Fargo & Company reduced their price target 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.

Monro Trading Up 5.5 %

MNRO traded up $0.79 during trading on Tuesday, hitting $15.27. 1,181,013 shares of the stock were exchanged, compared to its average volume of 642,856. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The firm has a 50 day simple moving average of $17.80 and a 200 day simple moving average of $23.46. The firm has a market cap of $457.32 million, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.05 and a beta of 1.09. Monro has a 1 year low of $13.83 and a 1 year high of $31.53.

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 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%. As a group, equities analysts expect that Monro will post 0.63 EPS for the current year.

Institutional Trading of Monro

A number of institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. acquired a new position in shares of Monro during the fourth quarter valued at about $28,899,000. Cooper Creek Partners Management LLC increased its stake in Monro by 66.4% during the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company's stock valued at $23,046,000 after purchasing an additional 370,960 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Monro by 34.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company's stock valued at $29,594,000 after purchasing an additional 302,515 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Monro by 20.5% in the third 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Monro by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock worth $39,957,000 after buying an additional 253,518 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.