Vanguard Group Inc. Trims Stock Position in Monro, Inc. (NASDAQ:MNRO)

Vanguard Group Inc. reduced its position in Monro, Inc. (NASDAQ:MNRO - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,435,227 shares of the auto parts company's stock after selling 40,969 shares during the quarter. Vanguard Group Inc. owned 11.47% of Monro worth $85,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MNRO. KLP Kapitalforvaltning AS purchased a new stake in shares of Monro in the 4th quarter worth approximately $156,000. Sei Investments Co. raised its position in shares of Monro by 2.7% in the 4th quarter. Sei Investments Co. now owns 116,240 shares of the auto parts company's stock worth $2,883,000 after acquiring an additional 3,033 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Monro by 10.9% during the 4th quarter. American Century Companies Inc. now owns 50,511 shares of the auto parts company's stock worth $1,253,000 after purchasing an additional 4,972 shares during the last quarter. Semanteon Capital Management LP bought a new stake in Monro during the fourth quarter valued at about $263,000. Finally, Teacher Retirement System of Texas purchased a new position in Monro in the fourth quarter valued at about $397,000.

Monro Stock Performance

NASDAQ:MNRO traded down $0.08 during trading hours on Tuesday, hitting $14.22. 70,552 shares of the company were exchanged, compared to its average volume of 658,860. The company's 50 day moving average price is $16.99 and its 200-day moving average price is $22.73. The stock has a market capitalization of $425.73 million, a price-to-earnings ratio of 22.30, a PEG ratio of 2.05 and a beta of 1.09. Monro, Inc. has a 52-week low of $13.83 and a 52-week high of $31.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19.

Monro (NASDAQ:MNRO - Get Free Report) last announced its quarterly earnings data 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 net margin of 1.64% and a return on equity of 3.76%. As a group, research analysts forecast that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date of this dividend was Tuesday, February 25th. Monro's dividend payout ratio (DPR) is 175.00%.

Wall Street Analyst Weigh In

Several analysts have commented on MNRO shares. Stephens raised shares of Monro from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Wells Fargo & Company lowered 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 note on Monday, January 27th. Finally, Wedbush reduced their price target on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock 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.