D.B. Root & Company LLC Increases Holdings in Monro, Inc. (NASDAQ:MNRO)

D.B. Root & Company LLC raised its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,467 shares of the auto parts company’s stock after purchasing an additional 1,233 shares during the period. D.B. Root & Company LLC owned 0.05% of Monro worth $384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MNRO. Quarry LP raised its holdings in shares of Monro by 361.0% during the second quarter. Quarry LP now owns 2,047 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 1,603 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Monro during the 3rd quarter valued at about $213,000. Arete Wealth Advisors LLC bought a new stake in Monro during the third quarter worth about $287,000. The Manufacturers Life Insurance Company increased its stake in shares of Monro by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company’s stock valued at $279,000 after purchasing an additional 458 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Monro during the third quarter valued at approximately $401,000.

Analyst Ratings Changes

MNRO has been the subject of a number of analyst reports. Stephens started coverage on Monro in a research report on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price objective for the company. Wells Fargo & Company decreased their target price on shares of Monro from $30.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Monro in a research report on Wednesday, December 18th.

Monro Stock Down 1.1 %

Shares of Monro stock opened at $21.67 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. Monro, Inc. has a twelve month low of $21.00 and a twelve month high of $33.98. The company has a market cap of $649.02 million, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11. The company’s 50 day moving average is $25.60 and its 200 day moving average is $26.31.

Monro (NASDAQ:MNRO) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). The firm had revenue of $301.39 million during the quarter, compared to analysts’ expectations of $300.06 million. Monro had a return on equity of 4.77% and a net margin of 2.24%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. Research analysts anticipate that Monro, Inc. will post 0.84 EPS for the current year.

Monro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend was Tuesday, December 3rd. Monro’s payout ratio is 128.74%.

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.