GAMCO Investors and Affiliates Increase Stake in Monro, Inc. to 10.7%

GAMCO Investors, Inc. and its affiliates, including Gabelli Funds, LLC, GAMCO Asset Management Inc., and Mario Gabelli, filed a Schedule 13D/A on April 27, 2026, regarding their holdings in Monro, Inc. (MNRO). The reporting group disclosed beneficial ownership of 3,195,847 shares of common stock, representing 10.7% of the class. This reflects an increase in their position, with GAMCO Asset Management Inc. holding the largest portion at 2,503,547 shares (8.34%). The group utilized an aggregate of approximately $7,062,425 for recent purchases, funded primarily through investment advisory client accounts and working capital. The filing indicates that while the reporting persons are technically eligible for short-form reporting, they utilize the long-form Schedule 13D to facilitate regular communication with Monro's management. The transactions occurred throughout March and April 2026 at prices ranging from approximately $14.98 to $18.12 per share. Mario Gabelli maintains indirect control over the reporting entities through his position as the controlling stockholder of GGCP, Inc. and Chairman of GAMCO Investors.