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Monro Inc. (MNRO) – The -14.62% Downside Potential Remains

Monro Inc. (NASDAQ: MNRO) is -17.38% lower on its value in year-to-date trading and has touched a low of $37.49 and a high of $64.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MNRO stock was last observed hovering at around $46.87 in the last trading session, with the day’s gains setting it 1.27% off its average median price target of $42.00 for the next 12 months. It is also -11.95% off the consensus price target high of $43.00 offered by 7 analysts, but current levels are -17.41% lower than the price target low of $41.00 for the same period.

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Currently trading at $48.14, the stock is 9.08% and 8.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.31 million and changing 2.71% at the moment leaves the stock -4.95% off its SMA200. MNRO registered -20.23% loss for a year compared to 6-month loss of -15.81%.

The stock witnessed a 20.26% gain in the last 1 month and extending the period to 3 months gives it a 5.27%, and is 8.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.32% over the week and 3.87% over the month.

Monro Inc. (MNRO) has around 8750 employees, a market worth around $1.55B and $1.36B in sales. Current P/E ratio is 26.82 and Fwd P/E is 23.03. Profit margin for the company is 4.50%. Distance from 52-week low is 28.41% and -25.61% from its 52-week high. The company has generated returns on investments over the last 12 months (6.30%).

Monro Inc. (MNRO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Monro Inc. (MNRO) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 3.00, where 7 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Monro Inc. is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 79.50% this year.

Monro Inc. (MNRO) Top Institutional Holders

The shares outstanding are 33.55M, and float is at 32.47M with Short Float at 11.91%.

Monro Inc. (MNRO) Insider Activity

A total of 8 insider transactions have happened at Monro Inc. (MNRO) in the last six months, with sales accounting for 1 and purchases happening 7 times. The most recent transaction is an insider purchase by Broderick Michael T,the company’sCEO & President. SEC filings show that Broderick Michael T bought 2,500 shares of the company’s common stock on Jan 28 at a price of $48.85 per share for a total of $0.12 million. Following the purchase, the insider now owns 65948.0 shares.

Monro Inc. disclosed in a document filed with the SEC on Nov 24 that Broderick Michael T (CEO & President) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Nov 24 and was made at $59.99 per share for $0.15 million. Following the transaction, the insider now directly holds 63448.0 shares of the MNRO stock.

Still, SEC filings show that on Nov 23, Broderick Michael T (CEO & President) acquired 2,500 shares at an average price of $60.45 for $0.15 million. The insider now directly holds 60,948 shares of Monro Inc. (MNRO).

Monro Inc. (MNRO): Who are the competitors?

The company’s main competitors (and peers) include Ashland Global Holdings Inc. (ASH) that is trading 21.10% up over the past 12 months and Advance Auto Parts Inc. (AAP) that is -7.30% lower over the same period. Group 1 Automotive Inc. (GPI) is 9.89% up on the 1-year trading charts.

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