Monro, Inc. (NASDAQ:MNRO) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in Monro, Inc. (NASDAQ:MNRO) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,549 shares of the auto parts company’s stock after selling 811 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Monro were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of Monro by 20.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company’s stock worth $46,374,000 after acquiring an additional 273,265 shares during the last quarter. State Street Corp increased its position in Monro by 0.8% during the third quarter. State Street Corp now owns 1,344,978 shares of the auto parts company’s stock worth $38,816,000 after purchasing an additional 11,265 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Monro during the fourth quarter worth about $28,899,000. Geode Capital Management LLC raised its stake in Monro by 2.5% during the third quarter. Geode Capital Management LLC now owns 823,250 shares of the auto parts company’s stock worth $23,763,000 after purchasing an additional 20,420 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Monro by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 374,466 shares of the auto parts company’s stock valued at $9,287,000 after purchasing an additional 26,855 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on MNRO. Stephens reissued an “equal weight” rating and set a $21.00 target price on shares of Monro in a research note on Thursday, February 27th. Wedbush reissued an “outperform” rating and set a $31.00 price objective on shares of Monro in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company decreased their target price on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th.

Monro Stock Up 1.9 %

Monro stock opened at $16.36 on Friday. The stock has a 50 day moving average of $19.61 and a two-hundred day moving average of $24.48. Monro, Inc. has a twelve month low of $15.75 and a twelve month high of $32.06. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $489.97 million, a price-to-earnings ratio of 25.56, a PEG ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. As a group, research analysts expect that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.85%. Monro’s dividend payout ratio (DPR) is presently 175.00%.

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.