Vanguard Group Inc. Has $85.19 Million Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Vanguard Group Inc. decreased its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,435,227 shares of the auto parts company’s stock after selling 40,969 shares during the quarter. Vanguard Group Inc. owned about 11.47% of Monro worth $85,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MNRO. Wellington Management Group LLP increased its holdings in Monro by 20.5% during the third quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company’s stock worth $46,374,000 after buying an additional 273,265 shares during the last quarter. State Street Corp increased its stake in shares of Monro by 0.8% during the 3rd quarter. State Street Corp now owns 1,344,978 shares of the auto parts company’s stock worth $38,816,000 after purchasing an additional 11,265 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Monro in the 4th quarter valued at about $28,899,000. William Blair Investment Management LLC lifted its stake in Monro by 2.1% in the 4th quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company’s stock valued at $27,801,000 after purchasing an additional 23,184 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Monro by 2.5% during the third quarter. Geode Capital Management LLC now owns 823,250 shares of the auto parts company’s stock worth $23,763,000 after purchasing an additional 20,420 shares during the period.

Wall Street Analysts Forecast Growth

MNRO has been the subject of a number of recent analyst reports. Wedbush cut their price objective on Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Stephens upgraded 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 note on Friday, April 4th. Finally, Wells Fargo & Company lowered their price objective on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th.

Monro Trading Up 7.3 %

Shares of Monro stock opened at $15.52 on Thursday. The firm’s 50-day moving average price is $17.24 and its two-hundred day moving average price is $23.06. The company has a market capitalization of $464.81 million, a price-to-earnings ratio of 24.25, a PEG ratio of 2.05 and a beta of 1.09. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. Monro, Inc. has a 12-month low of $13.83 and a 12-month high of $31.49.

Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. On average, analysts forecast that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend was Tuesday, February 25th. 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.