Wasatch Advisors Inc. Raises Stake in Monro Inc (MNRO)

Wasatch Advisors Inc. lifted its holdings in shares of Monro Inc (NASDAQ:MNRO) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,290,061 shares of the auto parts company’s stock after purchasing an additional 394,585 shares during the period. Monro accounts for 2.5% of Wasatch Advisors Inc.’s holdings, making the stock its 4th biggest holding. Wasatch Advisors Inc. owned about 10.04% of Monro worth $187,369,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MNRO. Victory Capital Management Inc. lifted its holdings in shares of Monro by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after purchasing an additional 452 shares during the period. Stephens Inc. AR lifted its holdings in shares of Monro by 0.9% during the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 45 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Monro by 29.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock worth $238,000 after purchasing an additional 1,313 shares during the period. D.A. Davidson & CO. lifted its holdings in Monro by 48.9% in the second quarter. D.A. Davidson & CO. now owns 6,652 shares of the auto parts company’s stock valued at $277,000 after buying an additional 2,184 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in Monro in the second quarter valued at $295,000.

Several equities analysts recently issued reports on MNRO shares. TheStreet lowered shares of Monro from a “b-” rating to a “c+” rating in a report on Monday, November 13th. Zacks Investment Research upgraded shares of Monro from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Oppenheimer set a $70.00 target price on shares of Monro and gave the company a “buy” rating in a report on Tuesday, October 24th. Jefferies Group lowered shares of Monro from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Monro from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $63.33.

Monro Inc (NASDAQ MNRO) traded down $0.15 during mid-day trading on Tuesday, reaching $59.90. 225,302 shares of the company traded hands, compared to its average volume of 233,490. The firm has a market capitalization of $1,967.96, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 0.28 and a debt-to-equity ratio of 0.62. Monro Inc has a 1-year low of $39.65 and a 1-year high of $61.50.

Monro (NASDAQ:MNRO) last announced its quarterly earnings data on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Monro had a net margin of 5.66% and a return on equity of 10.82%. The firm had revenue of $278.02 million for the quarter, compared to analyst estimates of $277.06 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. equities analysts anticipate that Monro Inc will post 2.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. This is a positive change from Monro’s previous quarterly dividend of $0.11. Monro’s dividend payout ratio is currently 38.50%.

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About Monro

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.

Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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