Monro, Inc. (NASDAQ:MNRO) Stock Holdings Lowered by Prudential Financial Inc.

Prudential Financial Inc. lessened its position in Monro, Inc. (NASDAQ:MNRO - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,209 shares of the auto parts company's stock after selling 24,336 shares during the period. Prudential Financial Inc. owned about 0.12% of Monro worth $873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MNRO. Wellington Management Group LLP boosted its position in shares of Monro by 20.5% in the third quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company's stock worth $46,374,000 after acquiring an additional 273,265 shares during the last quarter. State Street Corp boosted its holdings in shares of Monro by 0.8% in the 3rd quarter. State Street Corp now owns 1,344,978 shares of the auto parts company's stock valued at $38,816,000 after purchasing an additional 11,265 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Monro during the 4th quarter valued at $28,899,000. William Blair Investment Management LLC increased its holdings in shares of Monro by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company's stock worth $27,801,000 after buying an additional 23,184 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Monro by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 823,250 shares of the auto parts company's stock worth $23,763,000 after buying an additional 20,420 shares during the period.

Monro Stock Down 0.6 %

Shares of NASDAQ MNRO traded down $0.09 on Friday, hitting $14.87. The company had a trading volume of 684,028 shares, compared to its average volume of 659,583. 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, Inc. has a 12-month low of $13.83 and a 12-month high of $31.49. The firm has a market capitalization of $445.34 million, a P/E ratio of 23.23, a PEG ratio of 2.05 and a beta of 1.09. The business has a 50 day moving average of $17.09 and a two-hundred day moving average of $22.87.

Monro (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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 research analysts forecast that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 7.53%. Monro's dividend payout ratio is currently 175.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on MNRO. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Wells Fargo & Company dropped their target price on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. Finally, Wedbush dropped their price objective on shares of Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st.

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.