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

Pullen Investment Management LLC boosted its position in shares of Monro, Inc. (NASDAQ:MNRO) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,757 shares of the auto parts company’s stock after acquiring an additional 4,391 shares during the period. Pullen Investment Management LLC owned 0.16% of Monro worth $1,407,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of Monro by 99.6% during the 2nd 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 stake in Monro during the second quarter valued at about $38,000. Quarry LP lifted its position in shares of Monro by 361.0% in the second quarter. Quarry LP now owns 2,047 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 1,603 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 acquiring an additional 2,460 shares during the period. Finally, EntryPoint Capital LLC grew its position in shares of Monro by 33.9% during the first quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock worth $100,000 after purchasing an additional 802 shares in the last quarter.

Monro Price Performance

MNRO stock opened at $27.50 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. The company’s fifty day moving average price is $27.06 and its 200-day moving average price is $26.18. Monro, Inc. has a one year low of $21.00 and a one year high of $33.98. The company has a market capitalization of $822.80 million, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.01 by $0.21. Monro had a net margin of 2.78% and a return on equity of 5.90%. The business had revenue of $293.20 million for the quarter, compared to analysts’ expectations of $293.70 million. During the same quarter in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Monro, Inc. will post 1 EPS for the current fiscal year.

Monro Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.