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

Dimensional Fund Advisors LP boosted its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 5.38% of Monro worth $39,957,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Wealthfront Advisers LLC bought a new stake in shares of Monro in the 4th quarter worth approximately $52,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Monro in the 4th quarter worth about $156,000. Bleakley Financial Group LLC lifted its position in Monro by 17.9% in the 4th 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 last quarter. Semanteon Capital Management LP acquired a new position in Monro during the 4th quarter valued at about $263,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Monro in the 4th quarter worth about $272,000.

Monro Stock Performance

Shares of MNRO stock traded down $0.53 during trading hours on Friday, reaching $12.23. 232,173 shares of the company's stock were exchanged, compared to its average volume of 684,097. The business has a fifty day moving average price of $15.20 and a 200-day moving average price of $21.08. Monro, Inc. has a fifty-two week low of $12.22 and a fifty-two 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 stock has a market capitalization of $366.28 million, a P/E ratio of 19.11, a P/E/G ratio of 2.05 and a beta of 0.95.

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 9.16%. Monro's dividend payout ratio (DPR) is presently 175.00%.

Analyst Ratings Changes

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