William Blair Investment Management LLC Purchases 23,184 Shares of Monro, Inc. (NASDAQ:MNRO)

William Blair Investment Management LLC boosted its stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,121,027 shares of the auto parts company's stock after purchasing an additional 23,184 shares during the period. William Blair Investment Management LLC owned about 3.74% of Monro worth $27,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC bought a new position in Monro in the third quarter worth approximately $830,000. Empowered Funds LLC bought a new position in Monro in the fourth quarter worth approximately $3,327,000. Intech Investment Management LLC bought a new position in Monro in the third quarter worth approximately $1,205,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Monro in the third quarter worth approximately $515,000. Finally, Pacer Advisors Inc. bought a new position in Monro in the fourth quarter worth approximately $28,899,000.

Wall Street Analysts Forecast Growth

MNRO has been the topic of several recent research reports. Wedbush reiterated an "outperform" rating and issued a $31.00 price target on shares of Monro in a research report on Wednesday, December 18th. Wells Fargo & Company decreased their price target on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. Finally, Stephens reissued an "equal weight" rating and issued a $21.00 price objective on shares of Monro in a research note on Thursday, February 27th.

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Monro Price Performance

Shares of NASDAQ:MNRO traded up $0.15 on Friday, reaching $17.20. The company's stock had a trading volume of 2,247,463 shares, compared to its average volume of 584,513. Monro, Inc. has a 52-week low of $15.75 and a 52-week high of $32.06. The company has a market cap of $515.12 million, a P/E ratio of 26.88, a PEG ratio of 2.05 and a beta of 1.09. The company has a 50-day simple moving average of $19.06 and a 200 day simple moving average of $24.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54.

Monro (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 EPS 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 anticipate that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a $0.28 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.51%. Monro's payout ratio is currently 175.00%.

About Monro

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.