Donald L. Hagan LLC acquired a new stake in Monro Inc (NASDAQ:MNRO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,219 shares of the auto parts company’s stock, valued at approximately $639,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in shares of Monro by 3.8% in the second quarter. Northern Trust Corp now owns 524,899 shares of the auto parts company’s stock valued at $21,913,000 after acquiring an additional 19,303 shares during the period. BlackRock Inc. boosted its position in shares of Monro by 1.0% in the second quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock valued at $170,556,000 after acquiring an additional 41,299 shares during the period. Legal & General Group Plc boosted its position in shares of Monro by 8.9% in the second quarter. Legal & General Group Plc now owns 63,083 shares of the auto parts company’s stock valued at $2,631,000 after acquiring an additional 5,158 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Monro by 51.7% in the second quarter. BNP Paribas Arbitrage SA now owns 10,060 shares of the auto parts company’s stock valued at $420,000 after acquiring an additional 3,428 shares during the period. Finally, Legato Capital Management LLC raised its stake in Monro by 109.4% in the third quarter. Legato Capital Management LLC now owns 18,914 shares of the auto parts company’s stock valued at $1,060,000 after purchasing an additional 9,883 shares in the last quarter.
A number of equities research analysts recently weighed in on MNRO shares. TheStreet raised shares of Monro from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Oppenheimer set a $70.00 target price on shares of Monro and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Monro from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Jefferies Group downgraded shares of Monro from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Monro from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Monro presently has an average rating of “Hold” and a consensus target price of $63.33.
Shares of Monro Inc (MNRO) traded up $1.20 on Friday, reaching $60.05. 233,220 shares of the company were exchanged, compared to its average volume of 235,633. The stock has a market capitalization of $1,930.00, a P/E ratio of 32.28, a P/E/G ratio of 2.21 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 0.28. Monro Inc has a 1-year low of $39.65 and a 1-year high of $61.50.
Monro (NASDAQ:MNRO) last announced its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. Monro had a net margin of 5.66% and a return on equity of 10.82%. Monro’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. research analysts anticipate that Monro Inc will post 2.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, December 11th. This is an increase from Monro’s previous quarterly dividend of $0.11. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. Monro’s dividend payout ratio (DPR) is 38.71%.
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Monro Company Profile
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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