Aristotle Capital Boston LLC Sells 50,934 Shares of Monro, Inc. (NASDAQ:MNRO)

Aristotle Capital Boston LLC lessened its holdings in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 612,706 shares of the auto parts company's stock after selling 50,934 shares during the period. Aristotle Capital Boston LLC owned 2.05% of Monro worth $15,195,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MNRO. T. Rowe Price Investment Management Inc. grew its stake in shares of Monro by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,702,250 shares of the auto parts company's stock worth $67,016,000 after purchasing an additional 85,378 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Monro by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock worth $39,957,000 after buying an additional 253,518 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Monro by 34.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company's stock valued at $29,594,000 after acquiring an additional 302,515 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Monro in the 4th quarter valued at about $28,899,000. Finally, William Blair Investment Management LLC raised its position in shares of Monro by 2.1% in the 4th 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 acquiring an additional 23,184 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Monro from $20.00 to $15.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Stephens upgraded shares of Monro from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush reduced their target price on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st.

Monro Stock Up 1.3 %

NASDAQ MNRO traded up $0.17 on Thursday, reaching $12.93. The company had a trading volume of 439,404 shares, compared to its average volume of 682,656. The company's fifty day moving average is $15.29 and its 200-day moving average is $21.18. The firm has a market capitalization of $387.24 million, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. 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 1-year low of $12.51 and a 1-year high of $31.49.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 annualized dividend and a yield of 8.66%. 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.