Shares of Monro Inc (NASDAQ:MNRO) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $62.50.
Several research firms have issued reports on MNRO. BidaskClub raised Monro from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised Monro from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Wednesday. TheStreet raised Monro from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Jefferies Group downgraded Monro from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Monro in a research report on Friday, December 15th.
Several large investors have recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC increased its position in shares of Monro by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 329,820 shares of the auto parts company’s stock valued at $18,783,000 after acquiring an additional 2,073 shares during the last quarter. SG Americas Securities LLC bought a new position in Monro during the fourth quarter worth about $404,000. Schwab Charles Investment Management Inc. grew its holdings in Monro by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 212,144 shares of the auto parts company’s stock worth $12,082,000 after purchasing an additional 10,661 shares during the period. Wasatch Advisors Inc. grew its holdings in Monro by 13.6% during the fourth quarter. Wasatch Advisors Inc. now owns 3,290,061 shares of the auto parts company’s stock worth $187,369,000 after purchasing an additional 394,585 shares during the period. Finally, Bank of Montreal Can grew its holdings in Monro by 25.0% during the fourth quarter. Bank of Montreal Can now owns 265,928 shares of the auto parts company’s stock worth $15,144,000 after purchasing an additional 53,167 shares during the period.
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Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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