28,768 Shares in Monro, Inc. (NASDAQ:MNRO) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in Monro, Inc. (NASDAQ:MNRO) in the third quarter, according to its most recent filing with the SEC. The fund acquired 28,768 shares of the auto parts company’s stock, valued at approximately $830,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNRO. Cerity Partners LLC grew its holdings in Monro by 2.4% during the 3rd quarter. Cerity Partners LLC now owns 84,769 shares of the auto parts company’s stock valued at $2,446,000 after buying an additional 2,023 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in Monro by 434.7% during the third quarter. Landscape Capital Management L.L.C. now owns 104,550 shares of the auto parts company’s stock valued at $3,017,000 after acquiring an additional 84,996 shares in the last quarter. Intech Investment Management LLC bought a new stake in Monro during the 3rd quarter worth approximately $1,205,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Monro in the 3rd quarter worth approximately $515,000. Finally, GSA Capital Partners LLP boosted its holdings in Monro by 100.9% in the 3rd quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company’s stock valued at $3,649,000 after purchasing an additional 63,506 shares during the period.

Analyst Ratings Changes

Separately, Stephens initiated coverage on shares of Monro in a report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price target on the stock.

Monro Trading Up 1.7 %

Shares of MNRO opened at $28.21 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21. Monro, Inc. has a 1-year low of $21.00 and a 1-year high of $33.98. The company has a market capitalization of $844.89 million, a P/E ratio of 32.43, a P/E/G ratio of 2.26 and a beta of 1.11. The firm’s 50 day simple moving average is $28.01 and its 200 day simple moving average is $26.17.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The company had revenue of $301.39 million for the quarter, compared to analysts’ expectations of $300.06 million. During the same quarter last year, the business posted $0.41 EPS. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that Monro, Inc. will post 0.83 earnings per share for the current fiscal year.

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, December 3rd. Monro’s payout ratio is currently 128.74%.

About Monro

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.