Capstone Investment Advisors LLC Sells 21,137 Shares of Monro, Inc. (NASDAQ:MNRO)

Capstone Investment Advisors LLC reduced its stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 73.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,647 shares of the auto parts company's stock after selling 21,137 shares during the period. Capstone Investment Advisors LLC's holdings in Monro were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MNRO. The Manufacturers Life Insurance Company increased its holdings in Monro by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company's stock valued at $279,000 after acquiring an additional 458 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Monro by 99.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company's stock valued at $25,000 after buying an additional 523 shares during the period. D.B. Root & Company LLC grew its stake in shares of Monro by 7.0% during the third quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company's stock valued at $411,000 after buying an additional 927 shares during the last quarter. Pullen Investment Management LLC grew its stake in shares of Monro by 3.4% during the second quarter. Pullen Investment Management LLC now owns 44,366 shares of the auto parts company's stock valued at $1,058,000 after buying an additional 1,463 shares during the last quarter. Finally, Prosperity Consulting Group LLC raised its holdings in shares of Monro by 9.2% in the second quarter. Prosperity Consulting Group LLC now owns 17,459 shares of the auto parts company's stock worth $417,000 after buying an additional 1,466 shares during the period.

Wall Street Analyst Weigh In

Separately, Stephens initiated coverage on Monro in a research report on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 price objective on the stock.

Monro Trading Down 0.3 %

Monro stock traded down $0.09 during trading hours on Friday, hitting $28.12. The company had a trading volume of 217,165 shares, compared to its average volume of 502,326. The firm has a market cap of $842.19 million, a P/E ratio of 32.32, a P/E/G ratio of 2.25 and a beta of 1.11. The company has a 50-day moving average price of $28.06 and a two-hundred day moving average price of $26.18. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $33.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53.

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

Monro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.12 annualized dividend and a dividend yield of 3.98%. Monro's payout ratio is presently 128.74%.

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.