228,671 Shares in Monro, Inc. (NASDAQ:MNRO) Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC acquired a new position in Monro, Inc. (NASDAQ:MNRO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 228,671 shares of the auto parts company's stock, valued at approximately $5,671,000. Bridgeway Capital Management LLC owned approximately 0.76% of Monro as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MNRO. Wealthfront Advisers LLC acquired a new stake in Monro during the 4th quarter valued at approximately $52,000. Quarry LP boosted its position in Monro by 84.5% during the 4th quarter. Quarry LP now owns 4,918 shares of the auto parts company's stock valued at $122,000 after purchasing an additional 2,252 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Monro in the 4th quarter worth about $156,000. Bleakley Financial Group LLC increased its stake in shares of Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock valued at $246,000 after purchasing an additional 1,506 shares during the period. Finally, Semanteon Capital Management LP acquired a new position in shares of Monro during the fourth quarter valued at $263,000.

Monro Stock Down 4.2 %

Shares of MNRO traded down $0.54 during mid-day trading on Friday, hitting $12.22. 926,328 shares of the company's stock were exchanged, compared to its average volume of 687,214. The stock has a market cap of $365.98 million, a price-to-earnings ratio of 19.09, a P/E/G ratio of 2.05 and a beta of 0.95. The firm has a fifty day moving average of $15.11 and a two-hundred day moving average of $20.93. Monro, Inc. has a twelve month low of $12.20 and a twelve month high of $31.49. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 yield of 9.17%. Monro's dividend payout ratio (DPR) is presently 175.00%.

Analysts Set New Price Targets

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

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.