Geode Capital Management LLC Has $23.76 Million Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Geode Capital Management LLC boosted its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 823,250 shares of the auto parts company's stock after purchasing an additional 20,420 shares during the quarter. Geode Capital Management LLC owned about 2.75% of Monro worth $23,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in shares of Monro by 8,488.5% during the 2nd quarter. Federated Hermes Inc. now owns 54,623 shares of the auto parts company's stock worth $1,303,000 after buying an additional 53,987 shares during the period. Blueshift Asset Management LLC acquired a new stake in Monro during the 3rd quarter worth $830,000. Intech Investment Management LLC acquired a new stake in Monro during the 3rd quarter worth $1,205,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Monro during the 3rd quarter valued at $515,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Monro by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 141,979 shares of the auto parts company's stock valued at $3,388,000 after purchasing an additional 17,500 shares during the period.

Monro Trading Down 1.6 %

MNRO traded down $0.39 during mid-day trading on Friday, hitting $24.76. The stock had a trading volume of 250,607 shares, compared to its average volume of 521,500. Monro, Inc. has a 1-year low of $21.00 and a 1-year high of $33.98. The firm has a market capitalization of $741.54 million, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21. The stock's fifty day simple moving average is $27.39 and its 200-day simple moving average is $26.37.

Monro (NASDAQ:MNRO - Get Free Report) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share 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 business had revenue of $301.39 million for the quarter, compared to the consensus estimate of $300.06 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. As a group, research analysts forecast that Monro, Inc. will post 0.83 EPS for the current fiscal year.

Monro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 4.52%. Monro's payout ratio is 128.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MNRO. Wedbush reaffirmed an "outperform" rating and set a $31.00 price objective on shares of Monro in a research note on Wednesday, December 18th. Stephens started coverage on Monro in a research report on Tuesday, October 15th. They set 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.