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

Monro (NASDAQ:MNRO)‘s stock had its “equal weight” rating reissued by equities research analysts at Stephens in a report released on Tuesday,Benzinga reports. They presently have a $21.00 price target on the auto parts company’s stock. Stephens’ target price suggests a potential upside of 39.53% from the stock’s previous close.

MNRO has been the topic of several other research reports. Wells Fargo & Company cut their price objective on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Wedbush cut their price target on shares of Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday.

Monro Trading Up 3.2 %

Shares of MNRO opened at $15.05 on Tuesday. The company’s fifty day simple moving average is $18.08 and its 200-day simple moving average is $23.59. The company has a market cap of $450.73 million, a P/E ratio of 23.52, a P/E/G ratio of 2.05 and a beta of 1.09. 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 has a twelve month low of $13.83 and a twelve month high of $31.76.

Monro (NASDAQ:MNRO) last posted 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, analysts expect that Monro will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Monro

Several hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Monro by 19.8% in the third 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 worth $1,718,000 after acquiring an additional 9,839 shares during the period. Centiva Capital LP purchased a new stake in shares of Monro in the 3rd quarter worth approximately $401,000. Quarry LP boosted its stake 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 valued at $77,000 after purchasing an additional 619 shares in the last quarter. State Street Corp increased its holdings in Monro by 0.8% during 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 buying an additional 11,265 shares during the period. Finally, Wellington Management Group LLP raised its stake in 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 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.