Charles Schwab Investment Management Inc. Has $11.52 Million Stake in Monro, Inc. (NASDAQ:MNRO)

Charles Schwab Investment Management Inc. lowered its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 399,132 shares of the auto parts company's stock after selling 52,291 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.33% of Monro worth $11,519,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Monro by 3,587.8% in the second quarter. Millennium Management LLC now owns 1,139,183 shares of the auto parts company's stock valued at $27,181,000 after purchasing an additional 1,108,292 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Monro by 78.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 254,900 shares of the auto parts company's stock worth $6,082,000 after acquiring an additional 112,400 shares during the period. Renaissance Technologies LLC boosted its position in Monro by 14.1% during the 2nd quarter. Renaissance Technologies LLC now owns 141,979 shares of the auto parts company's stock worth $3,388,000 after acquiring an additional 17,500 shares during the period. GSA Capital Partners LLP grew its stake in Monro by 100.9% during the 3rd quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company's stock valued at $3,649,000 after acquiring an additional 63,506 shares in the last quarter. Finally, Maverick Capital Ltd. increased its holdings in shares of Monro by 720.3% in the 2nd quarter. Maverick Capital Ltd. now owns 121,354 shares of the auto parts company's stock valued at $2,896,000 after purchasing an additional 106,560 shares during the period.

Monro Stock Up 1.4 %

Shares of Monro stock traded up $0.39 on Monday, hitting $27.53. 347,599 shares of the company traded hands, compared to its average volume of 520,012. 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 12-month low of $21.00 and a 12-month high of $33.98. The company has a 50-day moving average price of $27.98 and a 200 day moving average price of $26.19. The company has a market cap of $824.52 million, a PE ratio of 31.20, a PEG ratio of 2.17 and a beta of 1.11.

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

Monro Dividend Announcement

The firm 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 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, December 3rd. Monro's payout ratio is presently 128.74%.

Wall Street Analyst Weigh In

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

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.