Monro, Inc. (NASDAQ:MNRO) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,869 shares of the auto parts company’s stock after purchasing an additional 5,057 shares during the period. Envestnet Asset Management Inc. owned 0.34% of Monro worth $4,645,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Simplex Trading LLC raised its position in shares of Monro by 126.0% during the 3rd quarter. Simplex Trading LLC now owns 1,037 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 5,028 shares during the last quarter. FMR LLC raised its position in shares of Monro by 22.9% during the 2nd quarter. FMR LLC now owns 1,164 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 217 shares during the last quarter. Eagle Bay Advisors LLC raised its position in shares of Monro by 123.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,508 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 834 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Monro during the 1st quarter worth approximately $70,000. Finally, Captrust Financial Advisors raised its position in shares of Monro by 130.3% during the 1st quarter. Captrust Financial Advisors now owns 1,785 shares of the auto parts company’s stock worth $79,000 after purchasing an additional 1,010 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Monro from a “hold” rating to a “buy” rating in a research report on Thursday.

Monro Stock Up 0.2 %

MNRO stock opened at $50.62 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 35.40, a PEG ratio of 2.07 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.30 and a current ratio of 0.63. Monro, Inc. has a one year low of $37.49 and a one year high of $55.70. The company has a 50 day moving average price of $49.55 and a two-hundred day moving average price of $47.45.

Monro (NASDAQ:MNRO – Get Rating) last released its earnings results on Wednesday, January 25th. The auto parts company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $335.20 million during the quarter, compared to analysts’ expectations of $330.87 million. Monro had a net margin of 3.52% and a return on equity of 6.52%. Monro’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. As a group, sell-side analysts expect that Monro, Inc. will post 1.61 EPS for the current year.

Monro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 8th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $1.12 annualized dividend and a yield of 2.21%. Monro’s payout ratio is currently 78.32%.

Monro Profile

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Monro, Inc engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.