William Blair Investment Management LLC Has $27.80 Million Position in Monro, Inc. (NASDAQ:MNRO)

William Blair Investment Management LLC raised its holdings in Monro, Inc. (NASDAQ:MNRO) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,121,027 shares of the auto parts company’s stock after buying an additional 23,184 shares during the period. William Blair Investment Management LLC owned 3.74% of Monro worth $27,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new stake in Monro in the 4th quarter valued at $52,000. Quarry LP grew its position in shares of Monro by 30.2% in the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock valued at $77,000 after acquiring an additional 619 shares during the period. XTX Topco Ltd bought a new position in shares of Monro in the 3rd quarter valued at about $213,000. Bleakley Financial Group LLC grew its position in shares of Monro by 17.9% in the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock valued at $246,000 after acquiring an additional 1,506 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Monro in the 4th quarter valued at about $272,000.

Monro Stock Performance

Shares of MNRO stock opened at $16.85 on Wednesday. The company has a market capitalization of $504.64 million, a price-to-earnings ratio of 26.33, a PEG ratio of 2.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The company has a 50-day simple moving average of $19.36 and a 200 day simple moving average of $24.31. Monro, Inc. has a 52 week low of $15.75 and a 52 week high of $32.06.

Monro (NASDAQ:MNRO) last announced its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 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, sell-side analysts predict that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.65%. The ex-dividend date was Tuesday, February 25th. Monro’s payout ratio is 175.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Stephens reissued an “equal weight” rating and issued a $21.00 price objective on shares of Monro in a research report on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and issued a $31.00 price objective on shares of Monro in a research report on Wednesday, December 18th.

Monro 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.