Johnson Investment Counsel Inc. Grows Stake in Monro, Inc. (NASDAQ:MNRO)

Johnson Investment Counsel Inc. grew its holdings in Monro, Inc. (NASDAQ:MNRO) by 47.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,360 shares of the auto parts company’s stock after buying an additional 3,000 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Monro were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in shares of Monro by 99.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 523 shares in the last quarter. Quest Partners LLC bought a new position in shares of Monro in the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC raised its position in shares of Monro by 129,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,297 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Monro in the 2nd quarter worth approximately $38,000. Finally, EntryPoint Capital LLC raised its position in shares of Monro by 33.9% in the 1st quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock worth $100,000 after acquiring an additional 802 shares in the last quarter.

Monro Stock Up 4.6 %

Shares of NASDAQ:MNRO opened at $25.89 on Monday. Monro, Inc. has a 52-week low of $21.00 and a 52-week high of $33.98. The firm has a market capitalization of $774.63 million, a P/E ratio of 21.94, a P/E/G ratio of 1.65 and a beta of 1.10. The stock has a 50 day moving average price of $25.75 and a 200-day moving average price of $26.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.21. Monro had a return on equity of 5.90% and a net margin of 2.78%. The company had revenue of $293.20 million during the quarter, compared to analyst estimates of $293.70 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Monro, Inc. will post 1 EPS for the current fiscal year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 annualized dividend and a yield of 4.33%. Monro’s dividend payout ratio is 94.92%.

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.