Monro, Inc. (NASDAQ:MNRO) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 152,795 shares of the auto parts company’s stock after acquiring an additional 2,795 shares during the period. Cibc World Markets Corp’s holdings in Monro were worth $3,789,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Quarry LP grew its stake in Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 619 shares in the last quarter. D.B. Root & Company LLC grew its stake in Monro by 8.7% in the fourth quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company’s stock worth $384,000 after purchasing an additional 1,233 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 1,506 shares in the last quarter. Cerity Partners LLC grew its stake in Monro by 2.4% in the third quarter. Cerity Partners LLC now owns 84,769 shares of the auto parts company’s stock worth $2,446,000 after purchasing an additional 2,023 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Monro by 14.3% in the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company’s stock worth $404,000 after purchasing an additional 2,042 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $31.00 price target on shares of Monro in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their price target on Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. Finally, Stephens restated an “equal weight” rating and issued a $21.00 target price on shares of Monro in a research note on Thursday, February 27th.

Monro Stock Performance

Shares of MNRO stock opened at $17.06 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $19.26 and a two-hundred day moving average of $24.26. Monro, Inc. has a 52 week low of $15.75 and a 52 week high of $32.06. The company has a market cap of $510.93 million, a P/E ratio of 26.66, a PEG ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. As a group, analysts anticipate that Monro, Inc. will post 0.63 EPS for the current year.

Monro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.57%. Monro’s dividend payout ratio (DPR) is presently 175.00%.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.