Monro, Inc. (NASDAQ:MNRO) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 61.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,953 shares of the auto parts company's stock after selling 44,306 shares during the period. Two Sigma Investments LP owned approximately 0.09% of Monro worth $693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MNRO. Bleakley Financial Group LLC grew its position in Monro by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after purchasing an additional 1,506 shares during the period. Empowered Funds LLC acquired a new stake in Monro during the 4th quarter worth about $3,327,000. Principal Financial Group Inc. grew its position in Monro by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 145,222 shares of the auto parts company's stock worth $3,602,000 after purchasing an additional 4,169 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Monro during the 4th quarter worth about $272,000. Finally, Bank of New York Mellon Corp grew its position in Monro by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 374,466 shares of the auto parts company's stock worth $9,287,000 after purchasing an additional 26,855 shares during the period.

Monro Trading Up 2.3%

MNRO stock opened at $16.21 on Friday. 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, Inc. has a 12-month low of $12.20 and a 12-month high of $31.49. The stock has a market cap of $485.80 million, a price-to-earnings ratio of 25.33, a PEG ratio of 2.05 and a beta of 0.98. The business's 50-day moving average is $14.23 and its 200 day moving average is $18.96.

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

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Tuesday, June 3rd. Monro's dividend payout ratio (DPR) is -560.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $21.00 to $18.00 in a research report on Friday, April 4th. Wall Street Zen cut Monro from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wedbush dropped their target price on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company raised their target price on Monro from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th.

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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