Monro, Inc. (NASDAQ:MNRO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Monro, Inc. (NASDAQ:MNRO) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 823,250 shares of the auto parts company’s stock after purchasing an additional 20,420 shares during the period. Geode Capital Management LLC owned 2.75% of Monro worth $23,763,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MNRO. Federated Hermes Inc. lifted its holdings in Monro by 8,488.5% during the 2nd quarter. Federated Hermes Inc. now owns 54,623 shares of the auto parts company’s stock worth $1,303,000 after buying an additional 53,987 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Monro during the 3rd quarter worth about $830,000. Intech Investment Management LLC purchased a new stake in Monro during the third quarter worth approximately $1,205,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Monro in the third quarter valued at approximately $515,000. Finally, Renaissance Technologies LLC increased its stake in Monro by 14.1% in the second quarter. Renaissance Technologies LLC now owns 141,979 shares of the auto parts company’s stock valued at $3,388,000 after purchasing an additional 17,500 shares during the last quarter.

Monro Stock Down 1.6 %

Shares of NASDAQ MNRO opened at $24.76 on Friday. The business has a 50-day moving average price of $27.39 and a 200 day moving average price of $26.36. The stock has a market cap of $741.54 million, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.08 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, Inc. has a 52-week low of $21.00 and a 52-week high of $33.98.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data 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 firm had revenue of $301.39 million during 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%. Monro’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts forecast that Monro, Inc. will post 0.83 earnings per share for the current year.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.52%. The ex-dividend date was Tuesday, December 3rd. Monro’s payout ratio is currently 128.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $31.00 price objective on shares of Monro in a research report on Wednesday, December 18th. Stephens started coverage on shares of Monro in a research report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price target for the company.

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.