The price of Monro Inc (NASDAQ:MNRO) shares last traded on Wall Street rose 1.73% to $28.21.
MNRO stock price is now 0.71% away from the 50-day moving average and 2.82% away from the 200-day moving average. The market capitalization of the company currently stands at $844.88M.
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With the price target of $31, Stephens recently initiated with Equal-Weight rating for Monro Inc (NASDAQ: MNRO). On September 07, 2023, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $35, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Broderick Michael T, CEO & President bought 5,000 shares of the company’s stock on Feb 02 ’24. The stock was bought for $161,490 at an average price of $32.30. Upon completion of the transaction, the CEO & President now directly owns 90,487 shares in the company, valued at $2.55 million. A total of 3.43% of the company’s stock is owned by insiders.
During the past 12 months, Monro Inc has had a low of $21.00 and a high of $33.98. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 0.53, and a quick ratio of 0.21. According to the stock market information, the enterprise value for the company is $1379915136, which is based on a 34.30 price-to-earnings ratio, a 3.43 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for MNRO is $27.9684 and a two-hundred day moving average price translates $27.4563 for the stock.
The latest earnings results from Monro Inc (NASDAQ: MNRO) was released for 2024-09-28. The net profit margin was 2.13% and return on equity was 4.05% for MNRO. The company reported revenue of $301.39 million for the quarter, compared to $322.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.43 percent.
