BNP Paribas Financial Markets Sells 25,827 Shares of Monro, Inc. (NASDAQ:MNRO)

BNP Paribas Financial Markets decreased its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 23.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,187 shares of the auto parts company's stock after selling 25,827 shares during the period. BNP Paribas Financial Markets owned 0.28% of Monro worth $2,458,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of MNRO. Nisa Investment Advisors LLC lifted its stake in Monro by 99.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company's stock worth $25,000 after purchasing an additional 523 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Monro during the second quarter worth about $38,000. Quarry LP lifted its position in Monro by 361.0% during the second quarter. Quarry LP now owns 2,047 shares of the auto parts company's stock valued at $49,000 after purchasing an additional 1,603 shares during the last quarter. Tidal Investments LLC purchased a new position in Monro in the 1st quarter worth approximately $203,000. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of Monro by 47.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 9,360 shares of the auto parts company's stock worth $223,000 after buying an additional 3,000 shares during the last quarter.

Monro Trading Up 1.2 %

Shares of NASDAQ:MNRO traded up $0.33 during midday trading on Friday, hitting $27.14. 486,306 shares of the stock traded hands, compared to its average volume of 455,319. The business's 50 day moving average is $27.98 and its two-hundred day moving average is $26.19. The stock has a market capitalization of $812.82 million, a PE ratio of 31.20, a P/E/G ratio of 2.21 and a beta of 1.11. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. Monro, Inc. has a one year low of $21.00 and a one year high of $33.98.

Monro (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.08). Monro had a return on equity of 4.77% and a net margin of 2.24%. The company had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. During the same period in the previous year, the company earned $0.41 earnings per share. Monro's quarterly revenue was down 6.4% on a year-over-year basis. As a group, research analysts forecast that Monro, Inc. will post 0.83 earnings per share for the current year.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Tuesday, December 3rd. Monro's dividend payout ratio (DPR) is presently 128.74%.

Analyst Upgrades and Downgrades

Separately, Stephens started coverage on Monro in a research note on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 target price for the company.

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.