Wellington Management Group LLP boosted its holdings in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 20.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,606,868 shares of the auto parts company's stock after purchasing an additional 273,265 shares during the quarter. Wellington Management Group LLP owned about 5.37% of Monro worth $46,374,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Monro by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company's stock worth $279,000 after acquiring an additional 458 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Monro by 99.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 523 shares during the period. Quarry LP boosted its position in Monro by 30.2% in the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock valued at $77,000 after buying an additional 619 shares during the period. D.B. Root & Company LLC grew its stake in Monro by 7.0% in the third quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company's stock worth $411,000 after purchasing an additional 927 shares in the last quarter. Finally, Pullen Investment Management LLC increased its holdings in Monro by 3.4% during the 2nd quarter. Pullen Investment Management LLC now owns 44,366 shares of the auto parts company's stock worth $1,058,000 after purchasing an additional 1,463 shares during the period.
Separately, Stephens started coverage on Monro in a report on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 target price for the company.
Read Our Latest Stock Report on MNRO
NASDAQ:MNRO opened at $27.54 on Thursday. The company's 50-day simple moving average is $27.91 and its 200-day simple moving average is $26.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53. Monro, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $33.98. The stock has a market capitalization of $824.80 million, a P/E ratio of 31.66, a P/E/G ratio of 2.17 and a beta of 1.11.
Monro (NASDAQ:MNRO - Get Free Report) last issued its earnings results 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). The firm had revenue of $301.39 million during the quarter, compared to analysts' expectations of $300.06 million. Monro had a return on equity of 4.77% and a net margin of 2.24%. The business's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. On average, equities analysts anticipate that Monro, Inc. will post 0.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.07%. Monro's dividend payout ratio (DPR) is 128.74%.
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.
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