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

D.B. Root & Company LLC boosted its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 8.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,467 shares of the auto parts company’s stock after buying an additional 1,233 shares during the quarter. D.B. Root & Company LLC’s holdings in Monro were worth $384,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MNRO. Arete Wealth Advisors LLC purchased a new position in shares of Monro during the 3rd quarter valued at about $287,000. Geode Capital Management LLC raised its stake in Monro by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 823,250 shares of the auto parts company’s stock worth $23,763,000 after acquiring an additional 20,420 shares during the period. XTX Topco Ltd bought a new stake in Monro during the 3rd quarter worth approximately $213,000. Wellington Management Group LLP lifted its holdings in Monro by 20.5% during the third quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company’s stock valued at $46,374,000 after purchasing an additional 273,265 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Monro by 0.8% in the third quarter. State Street Corp now owns 1,344,978 shares of the auto parts company’s stock worth $38,816,000 after purchasing an additional 11,265 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stephens began coverage on shares of Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Monro in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company lowered their price target on Monro from $30.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th.

Monro Stock Down 1.1 %

Shares of MNRO stock opened at $21.67 on Thursday. The company’s fifty day simple moving average is $25.60 and its two-hundred day simple moving average is $26.31. Monro, Inc. has a 52 week low of $21.00 and a 52 week high of $33.98. The stock has a market cap of $649.02 million, a P/E ratio of 24.91, a PEG ratio of 1.74 and a beta of 1.11. 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 (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The firm had revenue of $301.39 million for the quarter, compared to the consensus estimate of $300.06 million. During the same period in the previous year, the company posted $0.41 earnings per share. Monro’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts predict that Monro, Inc. will post 0.84 EPS for the current fiscal year.

Monro Announces Dividend

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

Monro Company Profile

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.