Gamco Investors INC. ET AL Has $16.93 Million Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Gamco Investors INC. ET AL raised its stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 682,785 shares of the auto parts company's stock after buying an additional 61,675 shares during the period. Gamco Investors INC. ET AL owned about 2.28% of Monro worth $16,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gabelli Funds LLC grew its stake in Monro by 4.3% in the fourth quarter. Gabelli Funds LLC now owns 122,000 shares of the auto parts company's stock valued at $3,026,000 after purchasing an additional 5,000 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Monro in the 4th quarter valued at approximately $501,000. Cooper Creek Partners Management LLC increased its holdings in Monro by 66.4% in the fourth quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company's stock worth $23,046,000 after buying an additional 370,960 shares during the last quarter. Renaissance Technologies LLC raised its position in Monro by 3.7% during the fourth quarter. Renaissance Technologies LLC now owns 160,779 shares of the auto parts company's stock valued at $3,987,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Monro by 12.4% in the fourth quarter. Invesco Ltd. now owns 215,851 shares of the auto parts company's stock valued at $5,353,000 after acquiring an additional 23,872 shares during the last quarter.

Analysts Set New Price Targets

MNRO has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. Wedbush reduced their target price on Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Finally, Stephens raised Monro from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Friday, April 4th.

Monro Stock Performance

MNRO stock traded down $0.37 during mid-day trading on Monday, reaching $13.59. 68,100 shares of the stock traded hands, compared to its average volume of 888,838. The firm has a market capitalization of $407.01 million, a PE ratio of 21.23, a P/E/G ratio of 2.05 and a beta of 1.09. The business has a 50-day moving average of $16.55 and a two-hundred day moving average of $22.32. Monro, Inc. has a 52 week low of $13.50 and a 52 week high of $31.49. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45.

Monro (NASDAQ:MNRO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. As a group, equities analysts predict that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a $0.28 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 8.24%. Monro's payout ratio is 175.00%.

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.