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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Monro, Inc.    MNRO

MONRO, INC.

(MNRO)
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Monro : Auto service company Monro pushed by activist Ides to make changes

11/24/2020 | 03:41pm EST

Nov 24 (Reuters) - Monro Inc, an operator of U.S. car service and tire centers, is under pressure from an activist investor to improve returns and change operations, people familiar with the matter said on Tuesday.

Hedge fund Ides Capital has reached out to Monro's board and followed up with letters, urging the company to make changes that also include environmental, social and governance (ESG) improvements like diversifying its workforce and boardroom, according to the sources.

Monro's lack of diversity, especially in the boardroom, and broader ESG issues have held the company, valued at $1.5 billion, back, the hedge fund argued, according to the sources.

As recently as last month the hedge fund again expressed its concerns to Monro's board about performance.

Ides declined to comment and Monro did not immediately respond to requests for comment on Tuesday. (Reporting by Svea Herbst-Bayliss in Boston Editing by Matthew Lewis)


© Reuters 2020
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Financials (USD)
Sales 2021 1 120 M - -
Net income 2021 38,7 M - -
Net Debt 2021 531 M - -
P/E ratio 2021 54,2x
Yield 2021 1,43%
Capitalization 1 994 M 1 994 M -
EV / Sales 2021 2,25x
EV / Sales 2022 2,02x
Nbr of Employees 8 184
Free-Float 82,6%
Chart MONRO, INC.
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Monro, Inc. Technical Analysis Chart | MNRO | US6102361010 | MarketScreener
Technical analysis trends MONRO, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 44,25 $
Last Close Price 59,87 $
Spread / Highest target -18,2%
Spread / Average Target -26,1%
Spread / Lowest Target -33,2%
EPS Revisions
Managers and Directors
NameTitle
Robert E. Mellor Executive Chairman & Chief Executive Officer
Robert Rajkowski Chief Operating Officer & Executive Vice President
Brian J. D'Ambrosia Chief Financial Officer, Treasurer & EVP-Finance
Cindy L. Donovan Vice President-Information Technology
Donald Glickman Independent Director
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