Semanteon Capital Management LP Purchases New Holdings in Monro, Inc. (NASDAQ:MNRO)

Semanteon Capital Management LP purchased a new stake in Monro, Inc. (NASDAQ:MNRO) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 10,624 shares of the auto parts company’s stock, valued at approximately $263,000.

Several other institutional investors have also made changes to their positions in the stock. Teacher Retirement System of Texas bought a new stake in shares of Monro in the fourth quarter valued at approximately $397,000. William Blair Investment Management LLC raised its position in Monro by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company’s stock valued at $27,801,000 after purchasing an additional 23,184 shares in the last quarter. Cibc World Markets Corp raised its position in Monro by 1.9% during the fourth quarter. Cibc World Markets Corp now owns 152,795 shares of the auto parts company’s stock valued at $3,789,000 after purchasing an additional 2,795 shares in the last quarter. First Eagle Investment Management LLC raised its position in Monro by 2.1% during the fourth quarter. First Eagle Investment Management LLC now owns 315,000 shares of the auto parts company’s stock valued at $7,812,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Monro during the fourth quarter valued at approximately $52,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MNRO shares. Wells Fargo & Company lowered their price objective on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Wedbush restated an “outperform” rating and set a $31.00 price objective on shares of Monro in a research report on Wednesday, December 18th. Finally, Stephens restated an “equal weight” rating and set a $21.00 price objective on shares of Monro in a research report on Thursday, February 27th.

Monro Stock Up 0.9 %

Shares of NASDAQ:MNRO opened at $17.20 on Friday. The company has a fifty day moving average of $19.06 and a 200-day moving average of $24.14. The company has a market capitalization of $515.12 million, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. 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, Inc. has a 52-week low of $15.75 and a 52-week high of $32.06.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. On average, equities analysts predict that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 6.51%. Monro’s dividend payout ratio (DPR) is presently 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.