Cooper Creek Partners Management LLC Has $23.05 Million Holdings in Monro, Inc. (NASDAQ:MNRO)

Cooper Creek Partners Management LLC lifted its position in Monro, Inc. (NASDAQ:MNRO - Free Report) by 66.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 929,288 shares of the auto parts company's stock after purchasing an additional 370,960 shares during the quarter. Cooper Creek Partners Management LLC owned 3.10% of Monro worth $23,046,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of Monro during the fourth quarter worth approximately $28,899,000. Trexquant Investment LP bought a new position in Monro in the 4th quarter valued at $3,561,000. Empowered Funds LLC acquired a new position in Monro in the fourth quarter worth $3,327,000. Victory Capital Management Inc. grew its holdings in shares of Monro by 1,288.0% during the fourth quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company's stock worth $3,500,000 after purchasing an additional 130,954 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Monro by 68.3% in the fourth quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company's stock valued at $3,787,000 after buying an additional 61,988 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MNRO. Wedbush dropped their target price on shares of Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $21.00 to $18.00 in a report on Friday, April 4th. Finally, Wells Fargo & Company decreased their price objective on Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th.

Monro Trading Up 1.6 %

Shares of NASDAQ:MNRO traded up $0.22 during trading on Friday, hitting $13.96. 473,822 shares of the company's stock were exchanged, compared to its average volume of 664,785. The firm has a 50-day moving average price of $16.66 and a two-hundred day moving average price of $22.50. Monro, Inc. has a 1-year low of $13.50 and a 1-year high of $31.49. The firm has a market cap of $418.09 million, a P/E ratio of 21.81, a PEG ratio of 2.05 and a beta of 1.09. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45.

Monro (NASDAQ:MNRO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. Equities analysts predict that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend was Tuesday, February 25th. Monro's 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.