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

Monro (NASDAQ:MNRO)‘s stock had its “equal weight” rating reissued by investment analysts at Stephens in a report released on Tuesday,Benzinga reports. They currently have a $21.00 target price on the auto parts company’s stock. Stephens’ price target would suggest a potential upside of 45.98% from the stock’s current price.

Several other analysts have also recently issued reports on MNRO. Wedbush reduced their price target on shares of Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered their price objective on 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 Performance

Shares of MNRO traded down $0.08 during trading hours on Tuesday, hitting $14.39. The stock had a trading volume of 95,324 shares, compared to its average volume of 629,120. The firm has a 50-day moving average price of $18.36 and a 200 day moving average price of $23.73. Monro has a fifty-two week low of $13.89 and a fifty-two week high of $31.84. The firm has a market capitalization of $430.85 million, a price-to-earnings ratio of 22.21, a PEG ratio of 2.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pullen Investment Management LLC grew its position in shares of Monro by 10.8% during the fourth quarter. Pullen Investment Management LLC now owns 54,004 shares of the auto parts company’s stock worth $1,339,000 after acquiring an additional 5,247 shares during the last quarter. PharVision Advisers LLC acquired a new position in Monro in the fourth quarter valued at $501,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Monro by 9.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,004 shares of the auto parts company’s stock valued at $1,612,000 after buying an additional 5,471 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Monro in the fourth quarter valued at about $2,866,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Monro during the fourth quarter worth about $353,000.

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.