D. E. Shaw & Co. Inc. Sells 160,344 Shares of Monro, Inc. (NASDAQ:MNRO)

D. E. Shaw & Co. Inc. trimmed its holdings in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 80.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,109 shares of the auto parts company's stock after selling 160,344 shares during the period. D. E. Shaw & Co. Inc. owned about 0.13% of Monro worth $945,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in Monro by 3.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,702,250 shares of the auto parts company's stock valued at $67,016,000 after acquiring an additional 85,378 shares during the period. Dimensional Fund Advisors LP lifted its position in Monro by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock valued at $39,957,000 after purchasing an additional 253,518 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Monro by 34.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company's stock valued at $29,594,000 after purchasing an additional 302,515 shares during the period. Pacer Advisors Inc. bought a new position in shares of Monro in the fourth quarter worth approximately $28,899,000. Finally, William Blair Investment Management LLC increased its stake in shares of Monro by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company's stock worth $27,801,000 after buying an additional 23,184 shares during the period.

Monro Trading Down 5.2%

NASDAQ MNRO traded down $0.87 during trading on Thursday, hitting $15.88. The company had a trading volume of 1,777,351 shares, compared to its average volume of 709,766. The company's fifty day moving average is $14.21 and its 200-day moving average is $19.56. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The company has a market cap of $475.59 million, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95.

Monro (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). The company had revenue of $294.99 million during the quarter, compared to analysts' expectations of $288.60 million. Monro had a return on equity of 3.76% and a net margin of 1.64%. The business's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. On average, sell-side analysts predict that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Tuesday, June 3rd. Monro's dividend payout ratio is currently 175.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MNRO. Wells Fargo & Company increased their price target on shares of Monro from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday. Stephens upgraded 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 report on Friday, April 4th. Finally, Wedbush dropped their price objective on Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st.

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.