Monro - MNRO Stock Forecast, Price & News

0 equities research analysts have issued 12-month price targets for Monro's shares. Their MNRO share price forecasts range from $47.00 to $47.00. On average, they anticipate the company's share price to reach $47.00 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
View analysts price targets for MNRO or view top-rated stocks among Wall Street analysts.

Monro's stock was trading at $45.20 at the start of the year. Since then, MNRO stock has increased by 8.3% and is now trading at $48.93.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 18th 2023.
View our MNRO earnings forecast.

Monro, Inc. (NASDAQ:MNRO) released its quarterly earnings results on Wednesday, January, 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. The auto parts company earned $335.20 million during the quarter, compared to analysts' expectations of $330.87 million. Monro had a trailing twelve-month return on equity of 6.52% and a net margin of 3.52%. The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS.

Monro announced a quarterly dividend on Thursday, February 9th. Investors of record on Wednesday, March 8th will be paid a dividend of $0.28 per share on Wednesday, March 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, March 7th.
Read our dividend analysis for MNRO.

ETFs with the largest weight of Monro (NASDAQ:MNRO) stock in their portfolio include SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Direxion Daily Retail Bull 3X Shares (RETL), Pacer US Small Cap Cash Cows 100 ETF (CALF), Cultivar ETF (CVAR), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Small Cap US Equity Select ETF (RNSC).

Monro (NASDAQ:MNRO) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.32%. 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 78.32%. 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 61.54% 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 a number of institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (12.48%), Dimensional Fund Advisors LP (4.52%), Copeland Capital Management LLC (3.40%), Morgan Stanley (2.78%), Aristotle Capital Boston LLC (2.33%) and abrdn plc (2.17%). Insiders that own company stock include John L Auerbach, Leah C Johnson, Michael T Broderick and Peter J Solomon.
View institutional ownership trends.

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 $48.93.

Monro (NASDAQ:MNRO) has a market capitalization of $1.54 billion and generates $1.36 billion in revenue each year. The auto parts company earns $61.57 million in net income (profit) each year or $1.43 on an earnings per share basis.

The company employs 8,750 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.