Nuveen Asset Management LLC Boosts Stock Position in Monro, Inc. (NASDAQ:MNRO)

Nuveen Asset Management LLC boosted its holdings in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 339,969 shares of the auto parts company’s stock after purchasing an additional 23,668 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.08% of Monro worth $14,775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Simplex Trading LLC increased its holdings in 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 increased its holdings in shares of Monro by 22.9% in the 2nd quarter. FMR LLC now owns 1,164 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 217 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of Monro by 123.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,508 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 834 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Monro in the 1st quarter valued at approximately $70,000. Finally, Captrust Financial Advisors increased its holdings in shares of Monro by 130.3% in the 1st quarter. Captrust Financial Advisors now owns 1,785 shares of the auto parts company’s stock valued at $79,000 after acquiring 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 report on Thursday, March 2nd.

Monro Price Performance

Shares of NASDAQ MNRO opened at $49.70 on Tuesday. Monro, Inc. has a twelve month low of $37.49 and a twelve month high of $55.70. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.01. The business has a 50 day simple moving average of $49.64 and a 200-day simple moving average of $47.36.

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

Monro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Wednesday, March 8th will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, March 7th. This represents a $1.12 dividend on an annualized basis and a yield of 2.25%. Monro’s payout ratio is currently 78.32%.

About Monro

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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.