Monro, Inc. (NASDAQ:MNRO) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 526,185 shares of the auto parts company’s stock after buying an additional 8,550 shares during the period. Gamco Investors INC. ET AL owned approximately 1.76% of Monro worth $16,596,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Monro by 144.6% in the 4th quarter. CWM LLC now owns 1,103 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 652 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Monro in the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC grew its stake in shares of Monro by 129,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 1,297 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Monro in the 4th quarter worth approximately $78,000. Finally, Headlands Technologies LLC grew its stake in shares of Monro by 1,590.9% in the 4th quarter. Headlands Technologies LLC now owns 2,773 shares of the auto parts company’s stock worth $81,000 after purchasing an additional 2,609 shares during the last quarter.

Monro Trading Up 4.2 %

Shares of Monro stock traded up $1.07 during trading on Friday, hitting $26.30. The stock had a trading volume of 372,194 shares, compared to its average volume of 510,089. The stock has a 50 day simple moving average of $23.95 and a 200 day simple moving average of $28.04. The company has a market capitalization of $786.92 million, a PE ratio of 22.29, a P/E/G ratio of 2.35 and a beta of 1.12. The company has a quick ratio of 0.22, a current ratio of 0.56 and a debt-to-equity ratio of 0.54. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $37.86.

Monro (NASDAQ:MNRO) last released its earnings results on Thursday, May 23rd. The auto parts company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.13). The firm had revenue of $310.08 million during the quarter, compared to analysts’ expectations of $320.16 million. Monro had a return on equity of 6.25% and a net margin of 2.94%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. On average, research analysts expect that Monro, Inc. will post 0.71 EPS for the current fiscal year.

Monro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Tuesday, June 4th. Monro’s dividend payout ratio (DPR) is currently 94.92%.

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.