Monro (MNRO) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Monro in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MNRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MNRO, but not buy additional shares or sell existing shares.
View MNRO analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1 year price objectives for Monro's shares. Their MNRO share price forecasts range from $35.00 to $35.00. On average, they expect the company's stock price to reach $35.00 in the next year. This suggests a possible upside of 23.1% from the stock's current price.
View analysts price targets for MNRO or view top-rated stocks among Wall Street analysts.

Monro's stock was trading at $45.20 on January 1st, 2023. Since then, MNRO stock has decreased by 37.1% and is now trading at $28.44.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our MNRO earnings forecast.

Monro, Inc. (NASDAQ:MNRO) posted its earnings results on Wednesday, July, 26th. The auto parts company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by $0.07. The auto parts company had revenue of $327 million for the quarter, compared to analysts' expectations of $332.39 million. Monro had a trailing twelve-month return on equity of 5.71% and a net margin of 2.72%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS.

Monro announced a quarterly dividend on Thursday, August 10th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.28 per share on Tuesday, September 5th. This represents a $1.12 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Monday, August 21st.
Read our dividend analysis for MNRO.

Monro (NASDAQ:MNRO) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.94%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 101.82%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MNRO will have a dividend payout ratio of 64.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MNRO.

49 employees have rated Monro Chief Executive Officer Brett Ponton on Glassdoor.com. Brett Ponton has an approval rating of 36% among the company's employees. This puts Brett Ponton in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Monro investors own include Verizon Communications (VZ), AbbVie (ABBV), Cummins (CMI), Walt Disney (DIS), Altria Group (MO), Pfizer (PFE), Tractor Supply (TSCO), Whirlpool (WHR), Brunswick (BC) and Caterpillar (CAT).

Monro trades on the NASDAQ under the ticker symbol "MNRO."

Monro's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.68%), Dimensional Fund Advisors LP (4.94%), Westwood Holdings Group Inc. (4.75%), Copeland Capital Management LLC (3.78%), Aristotle Capital Boston LLC (2.45%) and Geode Capital Management LLC (2.22%). Insiders that own company stock include John L Auerbach, Leah C Johnson, Michael T Broderick and Peter J Solomon.
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Shares of MNRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MNRO stock can currently be purchased for approximately $28.44.

Monro (NASDAQ:MNRO) has a market capitalization of $893.58 million and generates $1.33 billion in revenue each year. The auto parts company earns $39.05 million in net income (profit) each year or $1.10 on an earnings per share basis.

The company employs 8,600 workers across the globe.

Monro's mailing address is 200 HOLLEDER PKWY, ROCHESTER NY, 14615. The official website for the company is www.monro.com. The auto parts company can be reached via phone at (585) 647-6400, via email at ir@monro.com, or via fax at 585-647-0945.