BTIM Corp. raised its holdings in Monro Inc (NASDAQ:MNRO) by 0.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 247,981 shares of the auto parts company’s stock after acquiring an additional 1,682 shares during the quarter. BTIM Corp.’s holdings in Monro were worth $21,455,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. MetLife Investment Advisors LLC increased its stake in Monro by 43.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 21,575 shares of the auto parts company’s stock valued at $1,502,000 after buying an additional 6,505 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Monro by 371.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,496 shares of the auto parts company’s stock worth $722,000 after purchasing an additional 8,268 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Monro by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 23,579 shares of the auto parts company’s stock worth $1,621,000 after purchasing an additional 518 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Monro by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 11,031 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 210 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Monro by 6.5% during the 4th quarter. Arizona State Retirement System now owns 50,800 shares of the auto parts company’s stock worth $3,493,000 after purchasing an additional 3,094 shares during the last quarter.
Several research firms have recently weighed in on MNRO. Guggenheim lowered shares of Monro from a “buy” rating to a “neutral” rating and set a $82.89 price objective on the stock. in a research note on Thursday, April 4th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Monro from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, BidaskClub upgraded shares of Monro from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Monro currently has an average rating of “Buy” and a consensus target price of $81.95.
Monro stock opened at $84.14 on Wednesday. The stock has a market cap of $2.79 billion, a PE ratio of 40.45, a PEG ratio of 2.54 and a beta of 0.78. Monro Inc has a fifty-two week low of $51.45 and a fifty-two week high of $89.72. The company has a current ratio of 1.05, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.
Monro (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, January 31st. The auto parts company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $310.11 million for the quarter, compared to analyst estimates of $309.89 million. Monro had a net margin of 6.71% and a return on equity of 12.47%. Research analysts expect that Monro Inc will post 2.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.95%. Monro’s dividend payout ratio is presently 38.46%.
In related news, Director Donald Glickman sold 10,000 shares of Monro stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $78.16, for a total transaction of $781,600.00. Following the completion of the sale, the director now owns 181,078 shares of the company’s stock, valued at approximately $14,153,056.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Maureen Mulholland sold 1,000 shares of Monro stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $79.60, for a total transaction of $79,600.00. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,920. The disclosure for this sale can be found here. Insiders have sold a total of 21,000 shares of company stock worth $1,637,300 over the last 90 days. 4.60% of the stock is owned by company insiders.
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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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