Atlantic Trust Group LLC purchased a new position in Monro Inc (NASDAQ:MNRO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 58,464 shares of the auto parts company’s stock, valued at approximately $3,276,000. Atlantic Trust Group LLC owned about 0.18% of Monro as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of Monro by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock valued at $126,000 after acquiring an additional 452 shares during the last quarter. Capital Analysts LLC raised its stake in shares of Monro by 18.5% during the second quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock valued at $178,000 after acquiring an additional 665 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Monro by 0.9% during the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock valued at $205,000 after acquiring an additional 45 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Monro by 29.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock valued at $238,000 after acquiring an additional 1,313 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Monro by 48.9% during the second quarter. D.A. Davidson & CO. now owns 6,652 shares of the auto parts company’s stock valued at $277,000 after buying an additional 2,184 shares during the period.
MNRO has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Monro from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. TheStreet upgraded shares of Monro from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Jefferies Group cut shares of Monro from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Oppenheimer set a $70.00 price objective on shares of Monro and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, KeyCorp restated a “hold” rating on shares of Monro in a report on Tuesday, October 24th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $63.33.
Shares of Monro Inc (MNRO) opened at $58.85 on Friday. Monro Inc has a fifty-two week low of $39.65 and a fifty-two week high of $61.50. The company has a current ratio of 1.00, a quick ratio of 0.28 and a debt-to-equity ratio of 0.62. The company has a market cap of $1,930.00, a P/E ratio of 31.64, a PEG ratio of 2.21 and a beta of 0.67.
Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. Monro had a net margin of 5.66% and a return on equity of 10.82%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. sell-side analysts forecast that Monro Inc will post 2.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, December 12th were given a dividend of $0.18 per share. This is an increase from Monro’s previous quarterly dividend of $0.11. The ex-dividend date was Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. Monro’s dividend payout ratio is 38.71%.
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Monro Company Profile
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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