Monro Inc (MNRO) Director Donald Glickman Sells 10,000 Shares

Monro Inc (NASDAQ:MNRO) Director Donald Glickman sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $69.66, for a total transaction of $696,600.00. Following the sale, the director now directly owns 189,250 shares in the company, valued at approximately $13,183,155. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Donald Glickman also recently made the following trade(s):

  • On Thursday, August 2nd, Donald Glickman sold 5,000 shares of Monro stock. The shares were sold at an average price of $68.91, for a total transaction of $344,550.00.

Shares of MNRO stock traded up $0.70 during trading hours on Friday, hitting $70.95. 197,900 shares of the company were exchanged, compared to its average volume of 303,001. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.61. Monro Inc has a 52-week low of $45.45 and a 52-week high of $71.85. The firm has a market cap of $2.29 billion, a P/E ratio of 33.65, a PEG ratio of 4.94 and a beta of 0.78.

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

The firm also recently disclosed 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. This represents a $0.80 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, August 24th. Monro’s dividend payout ratio (DPR) is presently 38.46%.

MNRO has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Monro from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. Guggenheim set a $67.00 target price on shares of Monro and gave the stock a “buy” rating in a report on Friday, July 13th. Zacks Investment Research lowered shares of Monro from a “buy” rating to a “sell” rating in a report on Friday, May 25th. ValuEngine lowered shares of Monro from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Finally, Goldman Sachs Group upgraded shares of Monro from a “neutral” rating to a “buy” rating in a research note on Friday, July 13th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $67.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BTIM Corp. bought a new position in Monro in the 2nd quarter valued at $15,687,000. LPL Financial LLC boosted its holdings in Monro by 20.7% in the 1st quarter. LPL Financial LLC now owns 11,124 shares of the auto parts company’s stock valued at $592,000 after purchasing an additional 1,907 shares during the period. CenterStar Asset Management LLC bought a new position in Monro in the 2nd quarter valued at $101,000. Bank of Montreal Can purchased a new stake in shares of Monro during the 2nd quarter valued at $16,210,000. Finally, Wells Fargo & Company MN raised its position in shares of Monro by 74.1% during the 4th quarter. Wells Fargo & Company MN now owns 49,378 shares of the auto parts company’s stock valued at $2,812,000 after buying an additional 21,022 shares in the last quarter.

About Monro

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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