Wellington Management Group LLP Purchases 273,265 Shares of Monro, Inc. (NASDAQ:MNRO)

Wellington Management Group LLP raised its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,606,868 shares of the auto parts company's stock after acquiring an additional 273,265 shares during the quarter. Wellington Management Group LLP owned approximately 5.37% of Monro worth $46,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp boosted its position 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 worth $38,816,000 after purchasing an additional 11,265 shares in the last quarter. Millennium Management LLC boosted its position in shares of Monro by 3,587.8% in the 2nd quarter. Millennium Management LLC now owns 1,139,183 shares of the auto parts company's stock worth $27,181,000 after purchasing an additional 1,108,292 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Monro by 78.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 254,900 shares of the auto parts company's stock worth $6,082,000 after purchasing an additional 112,400 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 worth $3,388,000 after purchasing an additional 17,500 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Monro by 100.9% in the 3rd quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company's stock worth $3,649,000 after purchasing an additional 63,506 shares in the last quarter.

Monro Stock Down 2.3 %

NASDAQ MNRO traded down $0.63 during mid-day trading on Thursday, reaching $26.91. The stock had a trading volume of 162,368 shares, compared to its average volume of 517,340. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $33.98. The stock has a market cap of $805.93 million, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11. The company has a fifty day moving average price of $27.91 and a 200 day moving average price of $26.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21.

Monro (NASDAQ:MNRO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.08). The company had revenue of $301.39 million for the quarter, compared to analysts' expectations of $300.06 million. Monro had a net margin of 2.24% and a return on equity of 4.77%. Monro's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, research analysts expect that Monro, Inc. will post 0.83 earnings per share for the current year.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.12 annualized dividend and a dividend yield of 4.16%. Monro's dividend payout ratio (DPR) is 128.74%.

Wall Street Analysts Forecast Growth

Separately, Stephens initiated coverage on shares of Monro in a report on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 price objective for the company.

Monro Company 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.