Monro, Inc. (NASDAQ:MNRO) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Monro, Inc. (NASDAQ:MNRO) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,466 shares of the auto parts company’s stock after purchasing an additional 26,855 shares during the quarter. Bank of New York Mellon Corp owned about 1.25% of Monro worth $9,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MNRO. Quarry LP grew its position in Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after buying an additional 619 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Monro during the 3rd quarter valued at $213,000. Bleakley Financial Group LLC lifted its stake in shares of Monro by 17.9% in the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock valued at $246,000 after purchasing an additional 1,506 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Monro in the 4th quarter valued at $272,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Monro in the 3rd quarter valued at $287,000.

Wall Street Analyst Weigh In

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

Monro Stock Performance

Shares of MNRO opened at $16.36 on Friday. The stock has a market capitalization of $489.97 million, a price-to-earnings ratio of 25.56, a PEG ratio of 2.05 and a beta of 1.09. Monro, Inc. has a 12 month low of $15.75 and a 12 month high of $32.06. The firm has a fifty day simple moving average of $19.61 and a 200 day simple moving average of $24.48. The company has a current ratio of 0.54, a quick ratio of 0.19 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 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. Research analysts forecast that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.85%. The ex-dividend date was Tuesday, February 25th. Monro’s dividend payout ratio (DPR) is 175.00%.

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.