Monro Inc (NASDAQ:MNRO) Director Peter J. Solomon Sells 5,604 Shares

Monro Inc (NASDAQ:MNRO) Director Peter J. Solomon sold 5,604 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $72.89, for a total transaction of $408,475.56. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Peter J. Solomon also recently made the following trade(s):

  • On Monday, November 4th, Peter J. Solomon sold 5,500 shares of Monro stock. The stock was sold at an average price of $70.86, for a total transaction of $389,730.00.
  • On Thursday, October 31st, Peter J. Solomon sold 2,000 shares of Monro stock. The stock was sold at an average price of $71.42, for a total transaction of $142,840.00.

Shares of Monro stock opened at $71.18 on Friday. The firm’s fifty day simple moving average is $75.66 and its 200-day simple moving average is $80.26. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.27 and a beta of 0.73. Monro Inc has a 12 month low of $60.78 and a 12 month high of $89.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.30.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.11). Monro had a net margin of 6.48% and a return on equity of 11.41%. The firm had revenue of $324.11 million during the quarter, compared to analysts’ expectations of $330.07 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Monro Inc will post 2.48 earnings per share for the current year.

A number of analysts have weighed in on the stock. SunTrust Banks cut their price objective on shares of Monro to $75.00 and set a “positive” rating on the stock in a report on Friday, October 25th. BidaskClub cut shares of Monro from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Zacks Investment Research cut shares of Monro from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. ValuEngine cut shares of Monro from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Finally, BMO Capital Markets cut their target price on shares of Monro from $90.00 to $78.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Monro presently has a consensus rating of “Hold” and a consensus price target of $81.98.

A number of large investors have recently bought and sold shares of the stock. Copeland Capital Management LLC grew its holdings in shares of Monro by 1,348.9% during the third quarter. Copeland Capital Management LLC now owns 357,113 shares of the auto parts company’s stock valued at $28,215,000 after buying an additional 332,466 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Monro by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 409,252 shares of the auto parts company’s stock worth $34,909,000 after purchasing an additional 320,167 shares in the last quarter. Invesco Ltd. boosted its position in shares of Monro by 388.6% during the 2nd quarter. Invesco Ltd. now owns 357,238 shares of the auto parts company’s stock worth $30,472,000 after purchasing an additional 284,129 shares in the last quarter. BlackRock Inc. boosted its position in shares of Monro by 4.0% during the 2nd quarter. BlackRock Inc. now owns 4,878,294 shares of the auto parts company’s stock worth $416,119,000 after purchasing an additional 189,012 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Monro by 1,259.1% during the 2nd quarter. Morgan Stanley now owns 148,458 shares of the auto parts company’s stock worth $12,664,000 after purchasing an additional 137,535 shares in the last quarter.

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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Insider Buying and Selling by Quarter for Monro (NASDAQ:MNRO)

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