Monro, Inc. (NASDAQ:MNRO – Get Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as $18.26 and last traded at $18.62, with a volume of 12521 shares traded. The stock had previously closed at $18.71.
Analysts Set New Price Targets
MNRO has been the subject of several analyst reports. Wedbush restated an “outperform” rating and set a $31.00 price target on shares of Monro in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price objective on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th.
Read Our Latest Stock Report on Monro
Monro Stock Up 1.1 %
Monro (NASDAQ:MNRO – Get Free Report) last released its quarterly earnings results 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%. Sell-side analysts predict that Monro, Inc. will post 0.63 EPS for the current fiscal year.
Monro Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date is Tuesday, February 25th. Monro’s payout ratio is currently 175.00%.
Institutional Investors Weigh In On Monro
Large investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC purchased a new stake in shares of Monro in the fourth quarter valued at $52,000. Quarry LP increased its position in Monro by 30.2% during the 3rd 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. KLP Kapitalforvaltning AS acquired a new position in Monro in the 4th quarter valued at about $156,000. XTX Topco Ltd purchased a new position in Monro in the 3rd quarter valued at about $213,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Monro during the 4th quarter worth about $223,000.
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.
Featured Articles
- Five stocks we like better than Monro
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Etsy Loses Its Meme Stock Shine – Is It Still a Buy?
- What Investors Need to Know About Upcoming IPOs
- Stanley Druckenmiller Bets Big on Airline Stocks – Should You?
- How Technical Indicators Can Help You Find Oversold Stocks
- Viking Therapeutics: Could GLP-1 Maker Be Acquired Pre-Approval?
Receive News & Ratings for Monro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.com's FREE daily email newsletter.