Credit Suisse AG Acquires 746 Shares of Monro, Inc. (NASDAQ:MNRO)

Credit Suisse AG raised its holdings in Monro, Inc. (NASDAQ:MNRO) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,752 shares of the auto parts company’s stock after purchasing an additional 746 shares during the quarter. Credit Suisse AG owned approximately 0.13% of Monro worth $1,965,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MNRO. State of Wyoming bought a new position in Monro in the 4th quarter valued at $30,000. FMR LLC increased its stake 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 buying an additional 217 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Monro in the 1st quarter valued at $70,000. Captrust Financial Advisors increased its stake 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 buying an additional 1,010 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Monro by 59.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,782 shares of the auto parts company’s stock valued at $88,000 after buying an additional 661 shares during the period.

Monro Stock Up 2.6 %

NASDAQ MNRO opened at $33.58 on Tuesday. The stock has a fifty day moving average of $36.93 and a 200-day moving average of $43.34. The stock has a market capitalization of $1.06 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. Monro, Inc. has a 52 week low of $32.71 and a 52 week high of $55.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.23 and a current ratio of 0.52.

Monro (NASDAQ:MNRO) last released its earnings results on Wednesday, July 26th. The auto parts company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.07). Monro had a net margin of 2.72% and a return on equity of 5.71%. The firm had revenue of $327.00 million during the quarter, compared to analyst estimates of $332.39 million. During the same period last year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities research analysts forecast that Monro, Inc. will post 1.49 EPS for the current year.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. Monro’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Monro in a research note on Thursday, August 17th. They issued a “hold” rating for the company.

Insider Buying and Selling

In related news, CEO Michael T. Broderick acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average cost of $35.03 per share, with a total value of $350,300.00. Following the completion of the purchase, the chief executive officer now directly owns 85,487 shares in the company, valued at $2,994,609.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by insiders.

Monro Company 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.