First Eagle Investment Management LLC Grows Position in Monro, Inc. (NASDAQ:MNRO)

First Eagle Investment Management LLC grew its stake in Monro, Inc. (NASDAQ:MNRO) by 78.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,900 shares of the auto parts company’s stock after buying an additional 112,400 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.85% of Monro worth $6,082,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Monro by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,431 shares of the auto parts company’s stock worth $13,685,000 after acquiring an additional 37,364 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Monro by 105.5% in the fourth quarter. BNP Paribas Financial Markets now owns 60,927 shares of the auto parts company’s stock worth $1,788,000 after purchasing an additional 31,281 shares during the period. Quest Partners LLC purchased a new stake in shares of Monro in the fourth quarter worth $37,000. TFO Wealth Partners LLC raised its position in shares of Monro by 129,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,297 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Monro by 88.6% during the 4th quarter. Gabelli Funds LLC now owns 83,000 shares of the auto parts company’s stock valued at $2,435,000 after purchasing an additional 39,000 shares during the period.

Monro Trading Down 1.2 %

Shares of Monro stock opened at $26.71 on Friday. Monro, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $33.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. The company has a market capitalization of $799.19 million, a P/E ratio of 22.64, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a fifty day moving average of $26.15 and a 200 day moving average of $26.71.

Monro (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.21. The firm 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 business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, sell-side analysts anticipate that Monro, Inc. will post 1 earnings per share for the current fiscal year.

Monro Dividend Announcement

The business also recently disclosed 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. This represents a $1.12 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, August 27th. Monro’s payout ratio is currently 94.92%.

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.