Monro (MNRO) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of Monro (NASDAQ:MNRO) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Several other analysts have also recently commented on MNRO. Zacks Investment Research cut shares of Monro from a buy rating to a hold rating in a research note on Wednesday, January 16th. Guggenheim cut shares of Monro from a buy rating to a neutral rating and set a $82.89 price objective for the company. in a research note on Thursday, April 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $86.45.

Shares of NASDAQ MNRO opened at $80.20 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Monro has a 52 week low of $51.45 and a 52 week high of $89.72. The stock has a market capitalization of $2.65 billion, a P/E ratio of 38.56, a P/E/G ratio of 2.41 and a beta of 0.75.



In related news, Director Donald Glickman sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the sale, the director now owns 181,078 shares in the company, valued at $14,153,056.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Monro by 2.1% during the fourth quarter. BlackRock Inc. now owns 4,709,292 shares of the auto parts company’s stock worth $323,765,000 after acquiring an additional 96,891 shares during the last quarter. Vanguard Group Inc. raised its position in Monro by 2.6% during the third quarter. Vanguard Group Inc. now owns 3,402,940 shares of the auto parts company’s stock worth $236,845,000 after acquiring an additional 85,805 shares during the last quarter. Wasatch Advisors Inc. raised its position in Monro by 1.6% during the first quarter. Wasatch Advisors Inc. now owns 3,110,173 shares of the auto parts company’s stock worth $269,092,000 after acquiring an additional 49,109 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Monro by 20.2% during the first quarter. TimesSquare Capital Management LLC now owns 704,149 shares of the auto parts company’s stock worth $60,923,000 after acquiring an additional 118,300 shares during the last quarter. Finally, FMR LLC raised its position in Monro by 6.0% during the first quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock worth $49,762,000 after acquiring an additional 32,522 shares during the last quarter.

Monro Company Profile

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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