Monro, Inc. (NASDAQ:MNRO) Position Boosted by Cerity Partners LLC

Cerity Partners LLC grew its holdings in Monro, Inc. (NASDAQ:MNRO) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,769 shares of the auto parts company’s stock after purchasing an additional 2,023 shares during the period. Cerity Partners LLC owned about 0.28% of Monro worth $2,446,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Landscape Capital Management L.L.C. increased its stake in Monro by 434.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 104,550 shares of the auto parts company’s stock valued at $3,017,000 after buying an additional 84,996 shares during the period. Intech Investment Management LLC acquired a new position in shares of Monro in the third quarter worth $1,205,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Monro during the third quarter worth $515,000. GSA Capital Partners LLP raised its holdings in shares of Monro by 100.9% during the third quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company’s stock worth $3,649,000 after acquiring an additional 63,506 shares in the last quarter. Finally, D.B. Root & Company LLC boosted its position in Monro by 7.0% during the third quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company’s stock valued at $411,000 after purchasing an additional 927 shares during the last quarter.

Monro Price Performance

NASDAQ MNRO opened at $28.12 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $842.19 million, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11. Monro, Inc. has a 12-month low of $21.00 and a 12-month high of $33.98. The company has a 50 day moving average price of $28.06 and a two-hundred day moving average price of $26.16.

Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). Monro had a return on equity of 4.77% and a net margin of 2.24%. The business had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts predict that Monro, Inc. will post 0.83 earnings per share for the current fiscal year.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Tuesday, December 3rd. Monro’s dividend payout ratio is 128.74%.

Wall Street Analyst Weigh In

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

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.