Shares of Monro, Inc. (NASDAQ:MNRO) saw unusually-high trading volume on Wednesday . Approximately 20,271 shares were traded during trading, a decline of 91% from the previous session’s volume of 227,813 shares.The stock last traded at $58.34 and had previously closed at $57.29.
Separately, TheStreet raised shares of Monro from a “c” rating to a “b-” rating in a research report on Wednesday, July 28th. Three equities research analysts have rated the stock with a hold rating, According to MarketBeat, Monro has a consensus rating of “Hold” and an average target price of $62.00.
The company has a market cap of $2.05 billion, a P/E ratio of 43.96, a PEG ratio of 1.77 and a beta of 1.13. The stock’s 50-day moving average price is $57.63 and its 200-day moving average price is $62.97. The company has a current ratio of 0.80, a quick ratio of 0.28 and a debt-to-equity ratio of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 7th. Investors of record on Monday, August 23rd were given a $0.26 dividend. This is a boost from Monro’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.70%. Monro’s dividend payout ratio (DPR) is presently 91.23%.
In other Monro news, CEO Michael T. Broderick purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 30th. The shares were acquired at an average price of $59.39 per share, with a total value of $296,950.00. Following the transaction, the chief executive officer now owns 50,000 shares in the company, valued at $2,969,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Monro by 4.4% during the 1st quarter. BlackRock Inc. now owns 5,289,186 shares of the auto parts company’s stock worth $348,030,000 after buying an additional 224,634 shares in the last quarter. Wasatch Advisors Inc. grew its stake in Monro by 2.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 4,787,541 shares of the auto parts company’s stock valued at $304,057,000 after buying an additional 106,211 shares in the last quarter. Vanguard Group Inc. grew its stake in Monro by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,660,750 shares of the auto parts company’s stock valued at $232,494,000 after buying an additional 51,492 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Monro by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,564,660 shares of the auto parts company’s stock valued at $234,555,000 after purchasing an additional 104,668 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Monro by 9.2% in the second quarter. State Street Corp now owns 1,281,892 shares of the auto parts company’s stock worth $81,413,000 after purchasing an additional 107,489 shares during the period.
About Monro (NASDAQ:MNRO)
Monro, Inc engages in the operation of chain stores that provides automotive undercar repair and tire services. The company offers services for brakes; mufflers and exhaust systems; and steering, drive train, suspension and wheel alignment. It operates under the brand names: Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.
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