Thrivent Financial for Lutherans Trims Position in Monro, Inc. (NASDAQ:MNRO)

Thrivent Financial for Lutherans lowered its holdings in Monro, Inc. (NASDAQ:MNRO) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,823 shares of the auto parts company’s stock after selling 1,118 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Monro worth $592,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in Monro by 99.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after buying an additional 523 shares during the period. Innealta Capital LLC purchased a new position in Monro during the second quarter worth approximately $38,000. EntryPoint Capital LLC boosted its holdings 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 valued at $100,000 after purchasing an additional 802 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Monro by 289.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the auto parts company’s stock valued at $97,000 after buying an additional 2,460 shares during the period. Finally, Headlands Technologies LLC increased its holdings in shares of Monro by 32.5% during the 1st quarter. Headlands Technologies LLC now owns 3,675 shares of the auto parts company’s stock worth $116,000 after buying an additional 902 shares during the last quarter.

Monro Trading Down 1.2 %

NASDAQ MNRO opened at $27.37 on Wednesday. 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, Inc. has a one year low of $21.00 and a one year high of $33.98. The company’s 50 day moving average price is $26.96 and its 200 day moving average price is $26.45. The firm has a market capitalization of $818.94 million, a price-to-earnings ratio of 23.19, a PEG ratio of 1.81 and a beta of 1.11.

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

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.09%. Monro’s payout ratio is currently 94.92%.

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.