Monro, Inc. (NASDAQ:MNRO) Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,498 shares of the auto parts company’s stock after selling 7,714 shares during the period. Principal Financial Group Inc.’s holdings in Monro were worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its stake in Monro by 24.1% during the first quarter. William Blair Investment Management LLC now owns 1,008,786 shares of the auto parts company’s stock valued at $31,817,000 after buying an additional 195,955 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Monro by 8.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 466,431 shares of the auto parts company’s stock valued at $13,685,000 after buying an additional 37,364 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Monro by 45.7% during the first quarter. Russell Investments Group Ltd. now owns 197,729 shares of the auto parts company’s stock valued at $6,236,000 after buying an additional 62,019 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Monro during the first quarter valued at about $4,494,000. Finally, Heartland Advisors Inc. lifted its stake in Monro by 27.4% during the first quarter. Heartland Advisors Inc. now owns 185,076 shares of the auto parts company’s stock valued at $5,837,000 after buying an additional 39,832 shares in the last quarter.

Monro Price Performance

MNRO stock opened at $24.70 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 0.55. Monro, Inc. has a one year low of $21.00 and a one year high of $33.98. The firm has a market capitalization of $739.05 million, a PE ratio of 20.93, a P/E/G ratio of 1.69 and a beta of 1.10. The firm has a 50-day moving average of $25.65 and a two-hundred day moving average of $27.00.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.21. The business had revenue of $293.20 million during the quarter, compared to analyst estimates of $293.70 million. Monro had a net margin of 2.78% and a return on equity of 5.90%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, analysts forecast that Monro, Inc. will post 1 earnings per share for the current year.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Tuesday, August 27th. Monro’s dividend payout ratio (DPR) is 94.92%.

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.