Wasatch Advisors LP Has $661,000 Holdings in Monro, Inc. (NASDAQ:MNRO)

Wasatch Advisors LP boosted its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,958 shares of the auto parts company’s stock after buying an additional 615 shares during the period. Wasatch Advisors LP’s holdings in Monro were worth $661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNRO. Vanguard Group Inc. increased its holdings in shares of Monro by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,652,573 shares of the auto parts company’s stock valued at $101,432,000 after purchasing an additional 61,236 shares during the period. Wellington Management Group LLP increased its holdings in shares of Monro by 4.9% in the 4th quarter. Wellington Management Group LLP now owns 1,335,544 shares of the auto parts company’s stock valued at $39,185,000 after purchasing an additional 62,148 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Monro by 63.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,168,504 shares of the auto parts company’s stock valued at $34,284,000 after purchasing an additional 453,980 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Monro by 0.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 730,809 shares of the auto parts company’s stock valued at $21,442,000 after purchasing an additional 3,156 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Monro by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,431 shares of the auto parts company’s stock valued at $13,685,000 after purchasing an additional 37,364 shares during the period.

Monro Stock Down 0.6 %

Shares of MNRO traded down $0.15 during trading hours on Tuesday, reaching $23.35. The company’s stock had a trading volume of 332,748 shares, compared to its average volume of 534,873. The firm has a market cap of $698.63 million, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.22 and a beta of 1.12. Monro, Inc. has a 1-year low of $22.35 and a 1-year high of $43.65. The company has a quick ratio of 0.22, a current ratio of 0.56 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $25.21 and a two-hundred day moving average of $28.80.

Monro (NASDAQ:MNRO) last issued its earnings results on Thursday, May 23rd. The auto parts company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.13). The business had revenue of $310.08 million during the quarter, compared to analyst estimates of $320.16 million. Monro had a net margin of 2.94% and a return on equity of 6.25%. Monro’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. As a group, research analysts predict that Monro, Inc. will post 0.71 EPS for the current fiscal year.

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $0.28 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.80%. Monro’s dividend payout ratio is currently 94.92%.

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.