Flinton Capital Management LLC boosted its position in Monro Inc (NASDAQ:MNRO) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,924 shares of the auto parts company’s stock after purchasing an additional 2,464 shares during the quarter. Flinton Capital Management LLC’s holdings in Monro were worth $4,934,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. CenterStar Asset Management LLC bought a new stake in Monro in the 2nd quarter valued at about $101,000. Kessler Investment Group LLC bought a new stake in shares of Monro during the 2nd quarter worth about $132,000. Bbva Compass Bancshares Inc. raised its position in shares of Monro by 29.1% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 6,033 shares of the auto parts company’s stock worth $323,000 after buying an additional 1,359 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Monro by 72.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock worth $345,000 after buying an additional 2,700 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Monro during the 2nd quarter worth about $404,000.
MNRO has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Monro from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 31st. Guggenheim set a $67.00 price target on shares of Monro and gave the stock a “buy” rating in a research report on Friday, July 13th. Zacks Investment Research downgraded shares of Monro from a “buy” rating to a “sell” rating in a research report on Friday, May 25th. ValuEngine downgraded shares of Monro from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Finally, Goldman Sachs Group upgraded shares of Monro from a “neutral” rating to a “buy” rating in a research report on Friday, July 13th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Monro presently has an average rating of “Buy” and an average target price of $67.20.
MNRO stock opened at $70.95 on Friday. Monro Inc has a 52 week low of $45.45 and a 52 week high of $71.85. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 5.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.33 and a current ratio of 1.09.
Monro (NASDAQ:MNRO) last released its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). Monro had a return on equity of 11.81% and a net margin of 5.85%. The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $296.80 million. During the same quarter last year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts expect that Monro Inc will post 2.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Monday, August 27th were paid a $0.20 dividend. The ex-dividend date was Friday, August 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. Monro’s dividend payout ratio is currently 38.46%.
In other news, Director Donald Glickman sold 5,000 shares of Monro stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $68.91, for a total value of $344,550.00. Following the transaction, the director now owns 189,250 shares of the company’s stock, valued at approximately $13,041,217.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter J. Solomon sold 20,000 shares of Monro stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $71.17, for a total transaction of $1,423,400.00. Following the completion of the transaction, the director now directly owns 4,723 shares in the company, valued at approximately $336,135.91. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock worth $4,574,800 in the last ninety days. Corporate insiders own 4.60% of the company’s stock.
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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