Capstone Investment Advisors LLC Sells 21,137 Shares of Monro, Inc. (NASDAQ:MNRO)

Capstone Investment Advisors LLC trimmed its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 73.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,647 shares of the auto parts company’s stock after selling 21,137 shares during the period. Capstone Investment Advisors LLC’s holdings in Monro were worth $221,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MNRO. The Manufacturers Life Insurance Company boosted its stake in Monro by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company’s stock worth $279,000 after acquiring an additional 458 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 worth $25,000 after purchasing an additional 523 shares in the last quarter. D.B. Root & Company LLC grew its stake in shares of Monro by 7.0% in the 3rd quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company’s stock valued at $411,000 after buying an additional 927 shares during the period. Pullen Investment Management LLC increased its position in Monro by 3.4% in the 2nd quarter. Pullen Investment Management LLC now owns 44,366 shares of the auto parts company’s stock valued at $1,058,000 after buying an additional 1,463 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its stake in Monro by 9.2% during the 2nd quarter. Prosperity Consulting Group LLC now owns 17,459 shares of the auto parts company’s stock worth $417,000 after buying an additional 1,466 shares during the period.

Monro Stock Down 0.3 %

Shares of NASDAQ MNRO opened at $28.12 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21. The company has a 50-day moving average price of $28.06 and a 200-day moving average price of $26.18. The stock has a market capitalization of $842.17 million, a P/E ratio of 32.32, a P/E/G ratio of 2.26 and a beta of 1.11. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $33.98.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.08). The business had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. Monro had a net margin of 2.24% and a return on equity of 4.77%. Monro’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. On average, equities research analysts forecast that Monro, Inc. will post 0.83 EPS for the current fiscal year.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.12 annualized dividend and a yield of 3.98%. Monro’s dividend payout ratio (DPR) is currently 128.74%.

Wall Street Analysts Forecast Growth

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

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.