Peter J. Solomon Sells 20,000 Shares of Monro Inc (MNRO) Stock

Monro Inc (NASDAQ:MNRO) Director Peter J. Solomon sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $71.17, for a total value of $1,423,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Friday, August 17th, Peter J. Solomon sold 5,000 shares of Monro stock. The shares were sold at an average price of $70.04, for a total value of $350,200.00.
  • On Monday, August 20th, Peter J. Solomon sold 15,000 shares of Monro stock. The shares were sold at an average price of $70.35, for a total value of $1,055,250.00.

Shares of NASDAQ MNRO traded down $1.95 during trading hours on Monday, reaching $68.55. The stock had a trading volume of 9,319 shares, compared to its average volume of 251,752. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.33 and a current ratio of 1.09. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 4.99 and a beta of 0.78. Monro Inc has a 52-week low of $45.45 and a 52-week high of $71.85.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). The firm had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $296.80 million. Monro had a net margin of 5.85% and a return on equity of 11.81%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. analysts forecast that Monro Inc will post 2.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Monday, August 27th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. Monro’s payout ratio is 38.46%.

A number of analysts recently issued reports on the company. BidaskClub upgraded Monro from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Monro from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Guggenheim set a $74.00 price target on Monro and gave the company a “buy” rating in a report on Friday, July 27th. ValuEngine upgraded Monro from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Finally, Goldman Sachs Group upgraded Monro from a “neutral” rating to a “buy” rating in a report on Friday, July 13th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $67.20.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CenterStar Asset Management LLC purchased a new stake in Monro during the second quarter worth $101,000. Kessler Investment Group LLC purchased a new stake in Monro during the second quarter worth $132,000. PEAK6 Investments L.P. lifted its holdings in Monro by 979.0% during the second quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock worth $204,000 after buying an additional 3,916 shares during the period. D.B. Root & Company LLC lifted its holdings in Monro by 28.6% during the first quarter. D.B. Root & Company LLC now owns 5,625 shares of the auto parts company’s stock worth $302,000 after buying an additional 1,250 shares during the period. Finally, Bbva Compass Bancshares Inc. lifted its holdings in Monro by 29.1% during the first quarter. Bbva Compass Bancshares Inc. now owns 6,033 shares of the auto parts company’s stock worth $323,000 after buying an additional 1,359 shares during the period.

Monro Company Profile

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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