Sei Investments Co. Raises Position in Monro, Inc. (NASDAQ:MNRO)

Sei Investments Co. raised its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,240 shares of the auto parts company’s stock after buying an additional 3,033 shares during the period. Sei Investments Co. owned about 0.39% of Monro worth $2,883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MNRO. Wealthfront Advisers LLC purchased a new position in shares of Monro in the fourth quarter worth $52,000. Quarry LP increased its position in shares of Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock valued at $77,000 after acquiring an additional 619 shares during the period. XTX Topco Ltd bought a new position in shares of Monro during the third quarter valued at about $213,000. Bleakley Financial Group LLC raised its stake in shares of Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock valued at $246,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of Monro during the third quarter worth about $287,000.

Wall Street Analyst Weigh In

Several research analysts have commented on MNRO shares. Wedbush decreased their price objective on shares of Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. Stephens upgraded shares of Monro from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, January 27th.

Monro Trading Up 5.5 %

Shares of NASDAQ MNRO opened at $15.27 on Friday. The firm’s 50 day moving average price is $17.80 and its 200-day moving average price is $23.46. Monro, Inc. has a 52-week low of $13.83 and a 52-week high of $31.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The company has a market cap of $457.32 million, a PE ratio of 23.86, a P/E/G ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (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%. On average, equities research analysts expect that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a $0.28 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 annualized dividend and a yield of 7.33%. Monro’s payout ratio is 175.00%.

Monro 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.