Teacher Retirement System of Texas Takes $397,000 Position in Monro, Inc. (NASDAQ:MNRO)

Teacher Retirement System of Texas purchased a new position in Monro, Inc. (NASDAQ:MNRO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 16,006 shares of the auto parts company’s stock, valued at approximately $397,000.

A number of other hedge funds have also bought and sold shares of MNRO. Empowered Funds LLC bought a new position in Monro during the 4th quarter valued at about $3,327,000. Pacer Advisors Inc. bought a new position in shares of Monro during the fourth quarter valued at approximately $28,899,000. Geode Capital Management LLC grew its stake in shares of Monro by 2.5% during the third quarter. Geode Capital Management LLC now owns 823,250 shares of the auto parts company’s stock valued at $23,763,000 after buying an additional 20,420 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Monro by 1,288.0% in the fourth quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company’s stock worth $3,500,000 after buying an additional 130,954 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Monro during the 4th quarter worth approximately $272,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MNRO shares. Wells Fargo & Company reduced their target price on Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Monro in a research note on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and issued a $31.00 price objective on shares of Monro in a research report on Wednesday, December 18th.

Monro Trading Down 9.1 %

Shares of NASDAQ MNRO opened at $14.47 on Tuesday. Monro, Inc. has a twelve month low of $14.09 and a twelve month high of $31.84. The firm has a market cap of $433.36 million, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The business has a fifty day simple moving average of $18.36 and a two-hundred day simple moving average of $23.73. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45.

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

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.74%. Monro’s dividend payout ratio is presently 175.00%.

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.