MNRO Should I Buy
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Monro Inc (MNRO) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock has positive technical indicators, strong hedge fund interest, a stable dividend, and improving financial performance, making it a solid choice for long-term growth.
The technical indicators for MNRO are bullish. The MACD histogram is positive at 0.255, indicating upward momentum. The RSI is neutral at 61.249, and the moving averages are bullish with SMA_5 > SMA_20 > SMA_200. The stock is trading above its pivot level of 21.773, with resistance levels at 23.557 and 24.659, suggesting room for upward movement.
Hedge funds are buying aggressively, with a 119.58% increase in buying activity last quarter.
Carl Icahn increased his stake to 5.07 million shares, signaling confidence from a major investor.
The company declared a stable quarterly dividend of $0.28 per share, offering a forward yield of 4.75%.
Analysts are optimistic, with Oppenheimer upgrading the stock to Outperform and a price target of $40.
Revenue declined by 4.05% YoY in Q3 2026, indicating potential challenges in top-line growth.
No significant insider trading trends or recent congressional trading data to provide additional confidence.
In Q3 2026, Monro's financial performance showed mixed results. Revenue dropped by 4.05% YoY to $293.39 million, but net income surged by 154.40% YoY to $10.80 million. EPS increased by 142.86% YoY to $0.34, and gross margin improved by 1.78% YoY to 34.89%. These figures highlight improving profitability despite revenue challenges.
Oppenheimer upgraded Monro to Outperform with a $40 price target, citing solidifying operating dynamics and improved sales prospects under new management.
