Massachusetts Financial Services Co. MA Sells 9,601 Shares of Monro, Inc. (NASDAQ:MNRO)

Massachusetts Financial Services Co. MA decreased its holdings in Monro, Inc. (NASDAQ:MNRO) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 532,763 shares of the auto parts company’s stock after selling 9,601 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.78% of Monro worth $12,712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP grew its position in Monro by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 1,335,544 shares of the auto parts company’s stock worth $39,185,000 after acquiring an additional 62,148 shares during the last quarter. William Blair Investment Management LLC grew its position in Monro by 24.1% during the 1st quarter. William Blair Investment Management LLC now owns 1,008,786 shares of the auto parts company’s stock worth $31,817,000 after acquiring an additional 195,955 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Monro by 1.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 526,185 shares of the auto parts company’s stock worth $16,596,000 after acquiring an additional 8,550 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Monro by 8.7% during 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 during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Monro by 45.7% during the 1st quarter. Russell Investments Group Ltd. now owns 197,729 shares of the auto parts company’s stock worth $6,236,000 after acquiring an additional 62,019 shares during the last quarter.

Monro Trading Down 1.2 %

Shares of MNRO stock opened at $26.71 on Friday. The firm 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. Monro, Inc. has a twelve month low of $21.00 and a twelve month high of $33.98. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $26.15 and its 200 day simple moving average is $26.67.

Monro (NASDAQ:MNRO) last issued 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 business had revenue of $293.20 million for 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%. Monro’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, sell-side analysts predict that Monro, Inc. will post 1 EPS for the current fiscal year.

Monro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, August 27th. Monro’s payout ratio is presently 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.