Maverick Capital Ltd. Grows Position in Monro, Inc. (NASDAQ:MNRO)

Maverick Capital Ltd. lifted its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 720.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,354 shares of the auto parts company’s stock after purchasing an additional 106,560 shares during the quarter. Maverick Capital Ltd.’s holdings in Monro were worth $2,896,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in Monro by 99.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 523 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Monro by 3.0% in the 1st quarter. Wasatch Advisors LP now owns 20,958 shares of the auto parts company’s stock worth $661,000 after buying an additional 615 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of Monro by 33.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock valued at $100,000 after buying an additional 802 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Monro by 32.5% during the 1st quarter. Headlands Technologies LLC now owns 3,675 shares of the auto parts company’s stock valued at $116,000 after buying an additional 902 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Monro during the 4th quarter worth $37,000.

Monro Stock Up 2.3 %

Shares of NASDAQ:MNRO opened at $28.76 on Friday. The firm has a market capitalization of $860.53 million, a PE ratio of 24.37, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. Monro, Inc. has a 52-week low of $21.00 and a 52-week high of $33.98. The firm has a fifty day moving average of $26.36 and a 200 day moving average of $26.58.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data 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 firm had revenue of $293.20 million during the quarter, compared to analysts’ expectations of $293.70 million. Monro had a return on equity of 5.90% and a net margin of 2.78%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. As a group, research analysts anticipate that Monro, Inc. will post 1 EPS for the current fiscal year.

Monro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Tuesday, August 27th. Monro’s dividend payout ratio is currently 94.92%.

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.