Wellington Management Group LLP Sells 329,231 Shares of Monro, Inc. (NASDAQ:MNRO)

Wellington Management Group LLP reduced its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,277,637 shares of the auto parts company's stock after selling 329,231 shares during the period. Wellington Management Group LLP owned about 4.27% of Monro worth $31,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MNRO. Wealthfront Advisers LLC bought a new stake in Monro during the 4th quarter worth approximately $52,000. Quarry LP lifted its holdings in shares of Monro by 30.2% during the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock worth $77,000 after purchasing an additional 619 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Monro in the fourth quarter worth $156,000. XTX Topco Ltd acquired a new stake in Monro in the third quarter valued at $213,000. Finally, Bleakley Financial Group LLC raised its position in 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 purchasing an additional 1,506 shares during the last quarter.

Monro Trading Down 0.6 %

MNRO traded down $0.09 during trading on Friday, reaching $14.87. 684,028 shares of the stock traded hands, 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. The stock's 50-day moving average is $17.09 and its 200 day moving average is $22.87. Monro, Inc. has a 12 month low of $13.83 and a 12 month high of $31.49. The stock has a market capitalization of $445.34 million, a PE ratio of 23.23, a P/E/G ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. Equities analysts anticipate that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend was Tuesday, February 25th. Monro's dividend payout ratio (DPR) is 175.00%.

Analyst Ratings Changes

MNRO has been the topic of several recent research reports. Wedbush cut their target price on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Stephens upgraded Monro from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $21.00 to $18.00 in a report on Friday, April 4th. Finally, Wells Fargo & Company decreased 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.

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.