Victory Capital Management Inc. Buys 130,954 Shares of Monro, Inc. (NASDAQ:MNRO)

Victory Capital Management Inc. raised its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 1,288.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,121 shares of the auto parts company's stock after acquiring an additional 130,954 shares during the period. Victory Capital Management Inc. owned approximately 0.47% of Monro worth $3,500,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quarry LP raised its stake in Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock valued at $77,000 after purchasing an additional 619 shares in the last quarter. D.B. Root & Company LLC raised its position in shares of Monro by 8.7% during the 4th quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company's stock valued at $384,000 after buying an additional 1,233 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Monro by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after acquiring an additional 1,506 shares during the last quarter. Cerity Partners LLC grew its position in Monro by 2.4% in the third quarter. Cerity Partners LLC now owns 84,769 shares of the auto parts company's stock worth $2,446,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Monro by 14.3% in the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock valued at $404,000 after acquiring an additional 2,042 shares during the last quarter.

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Monro Trading Down 0.1 %

MNRO stock traded down $0.02 during midday trading on Thursday, hitting $17.04. The company had a trading volume of 287,488 shares, compared to its average volume of 574,951. The stock has a market cap of $510.21 million, a price-to-earnings ratio of 26.71, a PEG ratio of 2.05 and a beta of 1.09. Monro, Inc. has a 52 week low of $15.75 and a 52 week high of $32.06. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average price is $19.26 and its 200 day moving average price is $24.26.

Monro (NASDAQ:MNRO - Get Free Report) last posted its 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 expect that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date was Tuesday, February 25th. Monro's payout ratio is presently 175.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. Stephens reaffirmed an "equal weight" rating and issued a $21.00 target price on shares of Monro in a research note on Thursday, February 27th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $31.00 price objective on shares of Monro in a research note on Wednesday, December 18th.

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.