Royce & Associates LP grew its holdings in shares of Monro Inc (NASDAQ:MNRO) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 435,713 shares of the auto parts company’s stock after purchasing an additional 37,830 shares during the period. Royce & Associates LP owned approximately 1.32% of Monro worth $29,955,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Monro during the fourth quarter valued at $1,277,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Monro during the fourth quarter valued at about $803,000. Texas Permanent School Fund boosted its stake in Monro by 4.3% during the fourth quarter. Texas Permanent School Fund now owns 21,586 shares of the auto parts company’s stock valued at $1,484,000 after buying an additional 894 shares in the last quarter. Stephens Inc. AR boosted its stake in Monro by 13.8% during the fourth quarter. Stephens Inc. AR now owns 7,890 shares of the auto parts company’s stock valued at $542,000 after buying an additional 959 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Monro by 2.1% during the fourth quarter. BlackRock Inc. now owns 4,709,292 shares of the auto parts company’s stock valued at $323,765,000 after buying an additional 96,891 shares in the last quarter.
MNRO has been the subject of several research reports. BidaskClub cut Monro from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research raised Monro from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, February 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Monro currently has an average rating of “Buy” and an average target price of $70.00.
Shares of MNRO stock opened at $77.24 on Friday. Monro Inc has a fifty-two week low of $50.30 and a fifty-two week high of $84.38. The stock has a market cap of $2.58 billion, a P/E ratio of 31.97, a PEG ratio of 2.58 and a beta of 0.77. The company has a quick ratio of 0.30, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.
Monro (NASDAQ:MNRO) last announced its earnings results on Thursday, January 31st. The auto parts company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Monro had a return on equity of 12.47% and a net margin of 6.71%. The business had revenue of $310.11 million during the quarter, compared to analysts’ expectations of $309.89 million. As a group, sell-side analysts predict that Monro Inc will post 2.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 15th will be given a $0.20 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. Monro’s dividend payout ratio (DPR) is 38.46%.
In related news, Director Donald Glickman sold 10,000 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the transaction, the director now owns 181,078 shares in the company, valued at approximately $14,153,056.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maureen Mulholland sold 1,000 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $79.60, for a total value of $79,600.00. Following the completion of the transaction, the insider now owns 200 shares of the company’s stock, valued at approximately $15,920. The disclosure for this sale can be found here. Insiders sold a total of 21,000 shares of company stock valued at $1,637,300 in the last quarter. 4.60% of the stock is currently owned by corporate insiders.
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Monro Company Profile
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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