Monro’s (MNRO) Equal Weight Rating Reiterated at Stephens

Monro (NASDAQ:MNRO)‘s stock had its “equal weight” rating reaffirmed by research analysts at Stephens in a research report issued on Tuesday,Benzinga reports. They presently have a $21.00 target price on the auto parts company’s stock. Stephens’ target price suggests a potential upside of 39.53% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Wedbush lowered their price target on Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their target price on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th.

Monro Stock Up 3.2 %

Shares of Monro stock opened at $15.05 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The company has a market cap of $450.73 million, a P/E ratio of 23.52, a PEG ratio of 2.05 and a beta of 1.09. The firm’s 50 day moving average price is $18.08 and its 200-day moving average price is $23.59. Monro has a 52-week low of $13.83 and a 52-week high of $31.76.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) 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%. On average, sell-side analysts predict that Monro will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Monro

A number of large investors have recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in Monro during the 4th quarter worth approximately $52,000. Quarry LP increased its stake in shares of Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after acquiring an additional 619 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Monro during the fourth quarter worth $156,000. XTX Topco Ltd acquired a new position in Monro during the third quarter valued at $213,000. Finally, ProShare Advisors LLC purchased a new stake in Monro in the fourth quarter valued at $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.