Nuveen Asset Management LLC bought a new position in shares of Monro Inc (NASDAQ:MNRO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 137,310 shares of the auto parts company’s stock, valued at approximately $11,713,000. Nuveen Asset Management LLC owned 0.41% of Monro as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC grew its holdings in Monro by 60.2% during the second quarter. Advisory Services Network LLC now owns 322 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 121 shares during the period. Bessemer Group Inc. purchased a new position in Monro during the second quarter worth approximately $32,000. NumerixS Investment Technologies Inc purchased a new position in Monro during the second quarter worth approximately $68,000. Contravisory Investment Management Inc. purchased a new position in Monro during the second quarter worth approximately $160,000. Finally, US Bancorp DE boosted its position in Monro by 8.8% during the second quarter. US Bancorp DE now owns 2,202 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 178 shares in the last quarter.
MNRO has been the topic of a number of recent analyst reports. ValuEngine downgraded Monro from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. CIBC reiterated a “market perform” rating on shares of Monro in a research report on Thursday, July 11th. BidaskClub upgraded Monro from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Oppenheimer downgraded Monro from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a research report on Thursday, July 11th. Finally, Zacks Investment Research upgraded Monro from a “sell” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, September 26th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Monro has an average rating of “Hold” and a consensus price target of $86.38.
NASDAQ MNRO opened at $78.36 on Friday. The company has a market cap of $2.56 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78. The stock’s 50 day simple moving average is $77.16 and its 200-day simple moving average is $81.55. Monro Inc has a 1-year low of $60.78 and a 1-year high of $89.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.93 and a quick ratio of 0.28.
Monro (NASDAQ:MNRO) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. The business had revenue of $317.10 million for the quarter, compared to the consensus estimate of $320.60 million. Monro had a return on equity of 12.01% and a net margin of 6.69%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. On average, equities research analysts anticipate that Monro Inc will post 2.65 EPS for the current fiscal year.
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.
See Also: Equity Income
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.