Bleakley Financial Group LLC Has $243,000 Holdings in Monro, Inc. (NASDAQ:MNRO)

Bleakley Financial Group LLC trimmed its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 91.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,433 shares of the auto parts company’s stock after selling 89,483 shares during the quarter. Bleakley Financial Group LLC’s holdings in Monro were worth $243,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in shares of Monro by 289.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the auto parts company’s stock valued at $97,000 after acquiring an additional 2,460 shares during the last quarter. Cardinal Capital Management grew its holdings in Monro by 42.2% during the first quarter. Cardinal Capital Management now owns 32,142 shares of the auto parts company’s stock valued at $1,014,000 after purchasing an additional 9,540 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Monro by 3.0% in the first quarter. Wasatch Advisors LP now owns 20,958 shares of the auto parts company’s stock valued at $661,000 after purchasing an additional 615 shares during the period. North Star Investment Management Corp. raised its position in shares of Monro by 112.5% in the first quarter. North Star Investment Management Corp. now owns 61,000 shares of the auto parts company’s stock valued at $1,924,000 after purchasing an additional 32,300 shares during the period. Finally, Prosperity Consulting Group LLC acquired a new stake in shares of Monro in the first quarter worth $504,000.

Monro Price Performance

NASDAQ MNRO opened at $27.26 on Thursday. The stock has a market capitalization of $815.65 million, a PE ratio of 23.10, a P/E/G ratio of 1.83 and a beta of 1.11. The stock has a 50-day simple moving average of $27.02 and a 200 day simple moving average of $26.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. Monro, Inc. has a twelve month low of $21.00 and a twelve month high of $33.98.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.21. Monro had a return on equity of 5.90% and a net margin of 2.78%. The company had revenue of $293.20 million during the quarter, compared to analysts’ expectations of $293.70 million. During the same period in the prior year, the business earned $0.31 earnings per share. Monro’s revenue for the quarter was down 10.3% compared to the same quarter last year. Research analysts anticipate that Monro, Inc. will post 1 EPS for the current 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 issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 annualized dividend and a dividend yield of 4.11%. Monro’s payout ratio is 94.92%.

Analysts Set New Price Targets

Separately, Stephens began coverage on shares of Monro in a research note on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 target price on the stock.

About Monro

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.