BidaskClub Upgrades Monro (MNRO) to “Strong-Buy”

Monro (NASDAQ:MNRO) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently issued reports on MNRO. Goldman Sachs Group upgraded shares of Monro from a “neutral” rating to a “buy” rating in a report on Friday, July 13th. Zacks Investment Research upgraded shares of Monro from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Northcoast Research reiterated a “neutral” rating on shares of Monro in a report on Thursday, September 13th. Guggenheim set a $67.00 price target on shares of Monro and gave the company a “buy” rating in a report on Friday, July 13th. Finally, ValuEngine upgraded shares of Monro from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $70.67.

Shares of MNRO stock opened at $74.40 on Tuesday. The firm has a market cap of $2.49 billion, a PE ratio of 35.77, a PEG ratio of 4.52 and a beta of 0.83. Monro has a one year low of $45.45 and a one year high of $78.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.33 and a current ratio of 1.11.



In other news, Director Donald Glickman sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $69.66, for a total value of $696,600.00. Following the sale, the director now directly owns 189,250 shares in the company, valued at approximately $13,183,155. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Samuel Senuk sold 1,750 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $75.95, for a total transaction of $132,912.50. Following the completion of the sale, the insider now owns 167 shares in the company, valued at $12,683.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,750 shares of company stock worth $4,363,163. 4.60% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of MNRO. CenterStar Asset Management LLC bought a new stake in shares of Monro in the 2nd quarter worth about $101,000. Kessler Investment Group LLC bought a new stake in shares of Monro in the 2nd quarter worth about $132,000. PEAK6 Investments L.P. increased its holdings in shares of Monro by 979.0% in the 2nd quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock worth $204,000 after buying an additional 3,916 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Monro by 72.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock worth $345,000 after buying an additional 2,700 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Monro in the 2nd quarter worth about $404,000.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

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Analyst Recommendations for Monro (NASDAQ:MNRO)

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