Monro, Inc. (NASDAQ:MNRO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,277,637 shares of the auto parts company's stock after selling 329,231 shares during the quarter. Wellington Management Group LLP owned 4.27% of Monro worth $31,685,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MNRO. Cooper Creek Partners Management LLC lifted its holdings in shares of Monro by 66.4% during the fourth quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company's stock worth $23,046,000 after purchasing an additional 370,960 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of Monro by 34.0% in the fourth 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 buying an additional 302,515 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Monro by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock valued at $39,957,000 after buying an additional 253,518 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Monro in the fourth quarter valued at approximately $5,671,000. Finally, Trexquant Investment LP purchased a new stake in shares of Monro in the fourth quarter valued at approximately $3,561,000.

Analysts Set New Price Targets

Several brokerages recently commented on MNRO. Wall Street Zen cut Monro from a "hold" rating to a "sell" rating in a research report on Saturday. Wedbush decreased their target price on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wells Fargo & Company increased their price target on Monro from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th.

Monro Stock Down 1.1%

Shares of MNRO traded down $0.18 during mid-day trading on Wednesday, reaching $15.97. The company's stock had a trading volume of 271,645 shares, compared to its average volume of 715,940. Monro, Inc. has a 12-month low of $12.20 and a 12-month high of $31.49. The stock has a market cap of $478.60 million, a PE ratio of 24.95, 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 current ratio of 0.54 and a quick ratio of 0.19. The company's 50 day moving average is $14.17 and its 200 day moving average is $19.21.

Monro (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The auto parts company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). Monro had a net margin of 1.64% and a return on equity of 3.76%. The business had revenue of $294.99 million during the quarter, compared to analysts' expectations of $288.60 million. During the same quarter in the previous year, the company posted $0.21 EPS. The company's revenue was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 7.01%. Monro's dividend payout ratio is presently -560.00%.

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.