Monro, Inc. (NASDAQ:MNRO) Position Lowered by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 8.7% during the fourth quarter, Holdings Channel reports. The firm 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 filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Quarry LP grew its position in Monro by 30.2% in the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock valued at $77,000 after buying an additional 619 shares in the last quarter. D.B. Root & Company LLC increased its stake in Monro by 8.7% in the 4th quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company’s stock valued at $384,000 after buying an additional 1,233 shares during the period. Bleakley Financial Group LLC boosted its position in Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock valued at $246,000 after purchasing an additional 1,506 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Monro by 2.4% in the 3rd quarter. Cerity Partners LLC now owns 84,769 shares of the auto parts company’s stock valued at $2,446,000 after buying an additional 2,023 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Monro by 14.3% during the 4th quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company’s stock worth $404,000 after purchasing an additional 2,042 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MNRO. Wedbush restated an “outperform” rating and set a $31.00 target price on shares of Monro in a research note on Wednesday, December 18th. Stephens reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of Monro in a report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price target on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th.

Monro Trading Up 1.9 %

MNRO opened at $16.36 on Friday. The firm has a 50 day simple moving average of $19.61 and a 200 day simple moving average of $24.48. Monro, Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $32.06. The company has a market cap of $489.97 million, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 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%. On average, sell-side analysts anticipate that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Tuesday, February 25th. Monro’s dividend payout ratio is 175.00%.

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.