Monro, Inc. (NASDAQ:MNRO) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC grew its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 31.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,826 shares of the auto parts company’s stock after purchasing an additional 3,544 shares during the quarter. Inspire Investing LLC’s holdings in Monro were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. William Blair Investment Management LLC raised its holdings in shares of Monro by 24.1% during the 1st 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 during the period. First Eagle Investment Management LLC acquired a new position in shares of Monro during the first quarter worth $4,494,000. Invenomic Capital Management LP purchased a new position in shares of Monro in the first quarter valued at $4,348,000. Wellington Management Group LLP grew its holdings in Monro by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 1,335,544 shares of the auto parts company’s stock valued at $39,185,000 after purchasing an additional 62,148 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Monro by 45.7% during the 1st quarter. Russell Investments Group Ltd. now owns 197,729 shares of the auto parts company’s stock worth $6,236,000 after buying an additional 62,019 shares during the period.

Monro Stock Performance

Shares of MNRO stock opened at $26.71 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.59 and a quick ratio of 0.25. The company’s fifty day moving average price is $26.15 and its two-hundred day moving average price is $26.63. The firm has a market capitalization of $799.19 million, a P/E ratio of 22.64, a P/E/G ratio of 1.65 and a beta of 1.10. Monro, Inc. has a 12 month low of $21.00 and a 12 month high of $33.98.

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

Monro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.28 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.19%. Monro’s dividend payout ratio (DPR) is presently 94.92%.

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.