Monro (NASDAQ:MNRO – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
Monro Stock Down 1.6 %
MNRO stock opened at $48.76 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.30 and a current ratio of 0.63. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.03 and a beta of 1.01. Monro has a fifty-two week low of $37.49 and a fifty-two week high of $55.70. The stock has a fifty day moving average of $50.40 and a 200-day moving average of $47.54.
Monro (NASDAQ:MNRO – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The auto parts company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $335.20 million during the quarter, compared to the consensus estimate of $330.87 million. Monro had a return on equity of 6.52% and a net margin of 3.52%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. As a group, equities research analysts predict that Monro will post 1.61 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP boosted its stake in Monro by 367.5% in the 3rd quarter. Trexquant Investment LP now owns 54,070 shares of the auto parts company’s stock worth $2,350,000 after purchasing an additional 42,505 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Monro in the 2nd quarter valued at about $26,624,000. Copeland Capital Management LLC raised its holdings in shares of Monro by 12.6% in the 4th quarter. Copeland Capital Management LLC now owns 1,068,796 shares of the auto parts company’s stock valued at $48,309,000 after acquiring an additional 119,584 shares in the last quarter. Cardinal Capital Management raised its holdings in shares of Monro by 5.0% in the 3rd quarter. Cardinal Capital Management now owns 17,952 shares of the auto parts company’s stock valued at $780,000 after acquiring an additional 859 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in shares of Monro in the 4th quarter valued at about $938,000.
About Monro
Monro, Inc engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.