Monro, Inc. (NASDAQ:MNRO) Shares Acquired by Creative Planning

Creative Planning increased its position in Monro, Inc. (NASDAQ:MNRO) by 22.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,700 shares of the auto parts company’s stock after buying an additional 2,701 shares during the quarter. Creative Planning’s holdings in Monro were worth $424,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Monro by 99.6% in the second 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 stake in shares of Monro during the second quarter valued at $38,000. Quarry LP lifted 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 purchasing an additional 1,603 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in shares of Monro by 33.9% during the first 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. Finally, Headlands Technologies LLC lifted its holdings in shares of Monro by 32.5% during the first quarter. Headlands Technologies LLC now owns 3,675 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 902 shares during the last quarter.

Monro Trading Up 5.6 %

Shares of NASDAQ MNRO opened at $29.19 on Thursday. Monro, Inc. has a 12 month low of $21.00 and a 12 month high of $33.98. The company has a market cap of $874.24 million, a price-to-earnings ratio of 33.55, a P/E/G ratio of 2.16 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. The business has a fifty day simple moving average of $27.17 and a 200-day simple moving average of $26.06.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.08). The business had revenue of $301.39 million for the quarter, compared to analyst estimates of $300.06 million. Monro had a net margin of 2.24% and a return on equity of 4.77%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Sell-side analysts predict that Monro, Inc. will post 0.86 EPS for the current year.

Monro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.84%. The ex-dividend date was Tuesday, August 27th. Monro’s payout ratio is 128.74%.

Analyst Ratings Changes

Separately, Stephens started coverage on Monro in a report on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 target price for the company.

Monro 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.