Monro (NASDAQ:MNRO) Rating Increased to Buy at StockNews.com

Monro (NASDAQ:MNRO – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Monro Stock Performance

MNRO opened at $48.70 on Tuesday. The business’s 50-day simple moving average is $48.47 and its 200 day simple moving average is $48.20. Monro has a 52-week low of $37.49 and a 52-week high of $55.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.30 and a current ratio of 0.63. The firm has a market capitalization of $1.53 billion, a PE ratio of 34.06, a PEG ratio of 1.80 and a beta of 1.02.

Hedge Funds Weigh In On Monro

Large investors have recently made changes to their positions in the company. Intrinsic Edge Capital Management LLC bought a new position in shares of Monro in the 1st quarter valued at $12,975,000. Deutsche Bank AG raised its position in shares of Monro by 36.6% in the 1st quarter. Deutsche Bank AG now owns 21,934 shares of the auto parts company’s stock worth $1,084,000 after acquiring an additional 5,877 shares in the last quarter. Ensign Peak Advisors Inc raised its position in shares of Monro by 4.5% in the 1st quarter. Ensign Peak Advisors Inc now owns 303,403 shares of the auto parts company’s stock worth $14,997,000 after acquiring an additional 13,187 shares in the last quarter. Crawford Investment Counsel Inc. increased its position in Monro by 11.3% in the 1st quarter. Crawford Investment Counsel Inc. now owns 85,678 shares of the auto parts company’s stock valued at $4,235,000 after buying an additional 8,680 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Monro by 8.6% in the 1st quarter. Stifel Financial Corp now owns 36,338 shares of the auto parts company’s stock valued at $1,796,000 after buying an additional 2,886 shares in the last quarter.

About Monro

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Monro, Inc engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.