Pullen Investment Management LLC Acquires 4,391 Shares of Monro, Inc. (NASDAQ:MNRO)

Pullen Investment Management LLC lifted its holdings in Monro, Inc. (NASDAQ:MNRO) by 9.9% in the third quarter, Holdings Channel reports. The fund owned 48,757 shares of the auto parts company’s stock after purchasing an additional 4,391 shares during the quarter. Pullen Investment Management LLC’s holdings in Monro were worth $1,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MNRO. Nisa Investment Advisors LLC raised its position in Monro by 99.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 523 shares during the period. Innealta Capital LLC bought a new position in shares of Monro during the 2nd quarter valued at approximately $38,000. Quarry LP lifted its position in Monro by 361.0% in the second quarter. Quarry LP now owns 2,047 shares of the auto parts company’s stock worth $49,000 after buying an additional 1,603 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Monro by 289.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the auto parts company’s stock worth $97,000 after buying an additional 2,460 shares during the last quarter. Finally, EntryPoint Capital LLC increased its position in Monro by 33.9% during the first quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 802 shares during the last quarter.

Analyst Ratings Changes

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

Monro Stock Down 0.7 %

Shares of NASDAQ MNRO opened at $27.50 on Friday. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $33.98. The firm has a 50-day simple moving average of $27.06 and a two-hundred day simple moving average of $26.18. The company has a market cap of $822.80 million, a P/E ratio of 25.23, a PEG ratio of 1.82 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.59 and a quick ratio of 0.25.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.21. Monro had a return on equity of 5.90% and a net margin of 2.78%. The firm had revenue of $293.20 million during the quarter, compared to analyst estimates of $293.70 million. During the same period last year, the company earned $0.31 EPS. Monro’s quarterly revenue was down 10.3% compared to the same quarter last year. Research analysts anticipate that Monro, Inc. will post 1 earnings per share for the current year.

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Tuesday, August 27th. Monro’s dividend payout ratio is currently 102.75%.

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.