Donald Glickman Sells 5,000 Shares of Monro Inc (NASDAQ:MNRO) Stock

Monro Inc (NASDAQ:MNRO) Director Donald Glickman sold 5,000 shares of Monro stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $68.91, for a total value of $344,550.00. Following the completion of the transaction, the director now directly owns 189,250 shares in the company, valued at $13,041,217.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, August 7th, Donald Glickman sold 10,000 shares of Monro stock. The stock was sold at an average price of $69.66, for a total value of $696,600.00.

Shares of MNRO stock traded up $0.70 on Friday, reaching $70.95. 197,900 shares of the stock were exchanged, compared to its average volume of 303,001. The company 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 Inc has a one year low of $45.45 and a one year high of $71.85. 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 (NASDAQ:MNRO) last released its earnings results on Thursday, July 26th. The auto parts company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). The firm had revenue of $295.80 million for the quarter, compared to the consensus estimate of $296.80 million. Monro had a return on equity of 11.81% and a net margin of 5.85%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. equities research analysts anticipate that Monro Inc will post 2.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Monday, August 27th will be given a dividend of $0.20 per share. 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 1.13%. Monro’s payout ratio is currently 38.46%.

Several brokerages recently commented on MNRO. BidaskClub raised Monro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 31st. Guggenheim set a $67.00 price target on Monro and gave the company a “buy” rating in a research note on Friday, July 13th. Zacks Investment Research lowered Monro from a “buy” rating to a “sell” rating in a research note on Friday, May 25th. ValuEngine lowered Monro from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Finally, Goldman Sachs Group raised Monro from a “neutral” rating to a “buy” rating in a research note on Friday, July 13th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $67.20.

Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Monro by 12,196.4% in the first quarter. Victory Capital Management Inc. now owns 428,285 shares of the auto parts company’s stock valued at $22,956,000 after purchasing an additional 424,802 shares during the last quarter. BlackRock Inc. increased its holdings in Monro by 8.9% in the second quarter. BlackRock Inc. now owns 4,431,997 shares of the auto parts company’s stock valued at $257,500,000 after purchasing an additional 360,767 shares during the last quarter. Bank of Montreal Can bought a new stake in Monro in the second quarter valued at about $16,210,000. Fenimore Asset Management Inc. bought a new stake in Monro in the second quarter valued at about $16,194,000. Finally, BTIM Corp. bought a new stake in Monro in the second quarter valued at about $15,687,000.

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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Insider Buying and Selling by Quarter for Monro (NASDAQ:MNRO)

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