State of Tennessee Treasury Department lifted its stake in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 17.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,691 shares of the auto parts company's stock after buying an additional 1,923 shares during the quarter. State of Tennessee Treasury Department's holdings in Monro were worth $563,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Vectors Research Management LLC acquired a new stake in shares of Monro during the 4th quarter worth about $42,000. Mutual of America Capital Management LLC lifted its stake in shares of Monro by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,834 shares of the auto parts company's stock worth $214,000 after buying an additional 252 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Monro by 4.6% during the 1st quarter. Personal CFO Solutions LLC now owns 4,894 shares of the auto parts company's stock worth $217,000 after buying an additional 216 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Monro during the 1st quarter worth about $226,000. Finally, Inspire Investing LLC bought a new position in Monro during the first quarter worth about $237,000.
Get Monro alerts:Monro Price Performance
NASDAQ:MNRO opened at $46.16 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.32 and a current ratio of 0.67. Monro, Inc. has a 52 week low of $37.49 and a 52 week high of $64.71. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.83 and a beta of 1.06. The firm's 50-day simple moving average is $47.87 and its 200 day simple moving average is $45.95.
Monro Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Monday, August 22nd. Monro's dividend payout ratio is currently 65.12%.Insider Buying and Selling at Monro
In other Monro news, Director Leah C. Johnson sold 750 shares of the firm's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $49.92, for a total value of $37,440.00. Following the transaction, the director now directly owns 4,176 shares of the company's stock, valued at approximately $208,465.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.50% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on MNRO shares. StockNews.com lowered shares of Monro from a "buy" rating to a "hold" rating in a research report on Monday, May 23rd. BMO Capital Markets lowered their price target on shares of Monro from $65.00 to $47.00 in a research report on Friday, May 20th.
Monro Company Profile
(Get Rating)
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services; routine maintenance services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
Featured Articles
- Get a free copy of the StockNews.com research report on Monro (MNRO)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Want to see what other hedge funds are holding MNRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monro, Inc. (NASDAQ:MNRO – Get Rating).
Receive News & Ratings for Monro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.com's FREE daily email newsletter.