Monro, Inc. (NASDAQ:MNRO) Shares Bought by Amundi

Amundi grew its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 203.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,993 shares of the auto parts company’s stock after purchasing an additional 10,057 shares during the quarter. Amundi owned 0.05% of Monro worth $372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP lifted its stake in shares of Monro by 30.2% during the third quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 619 shares in the last quarter. D.B. Root & Company LLC lifted its stake in shares of Monro by 8.7% in the fourth quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company’s stock worth $384,000 after acquiring an additional 1,233 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after acquiring an additional 1,506 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Monro by 2.4% in the third quarter. Cerity Partners LLC now owns 84,769 shares of the auto parts company’s stock worth $2,446,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Monro by 14.3% in the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company’s stock worth $404,000 after acquiring an additional 2,042 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on MNRO. Wedbush reiterated an “outperform” rating and issued a $31.00 price target on shares of Monro in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price target on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. Finally, Stephens reiterated an “equal weight” rating and issued a $21.00 price target on shares of Monro in a research note on Thursday, February 27th.

Monro Trading Up 0.9 %

Shares of NASDAQ MNRO opened at $17.20 on Friday. The stock’s 50 day moving average price is $19.06 and its two-hundred day moving average price is $24.14. Monro, Inc. has a 52-week low of $15.75 and a 52-week high of $32.06. The stock has a market capitalization of $515.12 million, a P/E ratio of 26.88, a PEG ratio of 2.05 and a beta of 1.09. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45.

Monro (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. On average, analysts anticipate that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.51%. The ex-dividend date was Tuesday, February 25th. Monro’s payout ratio is currently 175.00%.

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.