Monro (NASDAQ:MNRO) Sets New 12-Month Low – Here’s What Happened

Monro, Inc. (NASDAQ:MNRO)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $18.26 and last traded at $18.62, with a volume of 12521 shares. The stock had previously closed at $18.71.

Wall Street Analysts Forecast Growth

MNRO has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $31.00 price target on shares of Monro in a research note on Wednesday, December 18th. Wells Fargo & Company decreased 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 report on Monday, January 27th.

Monro Stock Down 1.0 %

The stock’s fifty day moving average is $21.97 and its two-hundred day moving average is $25.45. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $554.66 million, a PE ratio of 28.92, a P/E/G ratio of 2.05 and a beta of 1.08.

Monro (NASDAQ:MNRO) last released its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. As a group, analysts predict that Monro, Inc. will post 0.63 EPS for the current year.

Monro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.05%. The ex-dividend date is Tuesday, February 25th. Monro’s dividend payout ratio (DPR) is 175.00%.

Institutional Trading of Monro

Several hedge funds have recently made changes to their positions in MNRO. Creative Planning increased its holdings in Monro by 22.5% in the 3rd quarter. Creative Planning now owns 14,700 shares of the auto parts company’s stock worth $424,000 after acquiring an additional 2,701 shares during the last quarter. Pullen Investment Management LLC boosted its position in Monro by 9.9% during the third quarter. Pullen Investment Management LLC now owns 48,757 shares of the auto parts company’s stock worth $1,407,000 after purchasing an additional 4,391 shares during the period. D.B. Root & Company LLC increased its stake in shares of Monro by 7.0% in the third quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company’s stock worth $411,000 after purchasing an additional 927 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Monro by 100.9% in the third quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company’s stock valued at $3,649,000 after purchasing an additional 63,506 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Monro in the third quarter valued at approximately $515,000.

Monro Company Profile

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.