Grandeur Peak Global Advisors LLC grew its position in shares of Monro Inc (NASDAQ:MNRO) by 254.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 173,775 shares of the auto parts company’s stock after buying an additional 124,775 shares during the quarter. Monro accounts for 1.3% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Grandeur Peak Global Advisors LLC owned 0.53% of Monro worth $9,896,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Xact Kapitalforvaltning AB purchased a new position in Monro during the 4th quarter worth $213,000. Advisor Group Inc. raised its position in Monro by 837.7% during the 4th quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock worth $219,000 after buying an additional 3,443 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Monro during the 4th quarter worth $232,000. Paloma Partners Management Co purchased a new position in Monro during the 4th quarter worth $233,000. Finally, Global Endowment Management LP purchased a new position in Monro during the 4th quarter worth $251,000.
Monro stock opened at $53.85 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1,738.13, a PE ratio of 28.04, a PEG ratio of 1.92 and a beta of 0.70. Monro Inc has a twelve month low of $39.65 and a twelve month high of $64.15.
Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business had revenue of $285.70 million during the quarter, compared to the consensus estimate of $292.94 million. Monro had a net margin of 5.13% and a return on equity of 10.48%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. analysts forecast that Monro Inc will post 2.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 16th will be issued a $0.18 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.34%. Monro’s dividend payout ratio is presently 42.60%.
In other Monro news, insider Maureen Mulholland sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $51.00, for a total transaction of $153,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen C. Mccluski sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $55.51, for a total transaction of $555,100.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
A number of brokerages have commented on MNRO. TheStreet upgraded shares of Monro from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Monro from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 16th. BidaskClub upgraded shares of Monro from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd. Jefferies Group restated a “hold” rating on shares of Monro in a research report on Wednesday, January 31st. Finally, Oppenheimer reiterated a “buy” rating on shares of Monro in a report on Tuesday, January 30th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.33.
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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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