Dimensional Fund Advisors LP Buys 253,518 Shares of Monro, Inc. (NASDAQ:MNRO)

Dimensional Fund Advisors LP lifted its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,611,200 shares of the auto parts company's stock after purchasing an additional 253,518 shares during the quarter. Dimensional Fund Advisors LP owned 5.38% of Monro worth $39,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MNRO. Federated Hermes Inc. grew its position in Monro by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company's stock worth $1,382,000 after purchasing an additional 1,217 shares during the period. D.B. Root & Company LLC boosted its stake in shares of Monro by 8.7% in the 4th quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company's stock worth $384,000 after buying an additional 1,233 shares during the last quarter. Bleakley Financial Group LLC grew its holdings 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 worth $246,000 after acquiring an additional 1,506 shares during the period. Inspire Investing LLC increased its position in Monro by 14.3% during the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock valued at $404,000 after acquiring an additional 2,042 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Monro in the fourth quarter valued at about $52,000.

Wall Street Analyst Weigh In

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

Monro Stock Up 0.6 %

NASDAQ MNRO opened at $14.23 on Friday. Monro, Inc. has a 52 week low of $13.50 and a 52 week 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. The company has a market capitalization of $426.17 million, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The stock's 50-day moving average price is $15.58 and its 200-day moving average price is $21.44.

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date was Tuesday, February 25th. Monro's payout ratio is 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.

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