Monro, Inc. (NASDAQ:MNRO) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in shares of Monro, Inc. (NASDAQ:MNRO) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,000 shares of the auto parts company’s stock after acquiring an additional 6,600 shares during the period. First Eagle Investment Management LLC owned about 1.05% of Monro worth $7,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MNRO. Pacer Advisors Inc. acquired a new stake in shares of Monro during the 4th quarter valued at approximately $28,899,000. Wellington Management Group LLP raised its position in shares of Monro by 20.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company’s stock valued at $46,374,000 after acquiring an additional 273,265 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Monro during the 4th quarter valued at approximately $3,327,000. Victory Capital Management Inc. raised its position in shares of Monro by 1,288.0% during the 4th quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company’s stock valued at $3,500,000 after acquiring an additional 130,954 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its position in shares of Monro by 434.7% during the 3rd 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stephens reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Monro in a research report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and issued a $31.00 target price on shares of Monro in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their target price 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 Price Performance

Shares of NASDAQ MNRO opened at $16.36 on Friday. Monro, Inc. has a 1-year low of $15.75 and a 1-year high of $32.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. The business’s fifty day moving average price is $19.61 and its two-hundred day moving average price is $24.48. The firm has a market capitalization of $489.97 million, a PE ratio of 25.56, a P/E/G ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO) last released its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (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, research analysts expect that Monro, Inc. will post 0.63 EPS for the current year.

Monro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a $0.28 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 6.85%. Monro’s payout ratio is 175.00%.

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.