115,561 Shares in Monro, Inc. (NASDAQ:MNRO) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 115,561 shares of the auto parts company's stock, valued at approximately $2,866,000. Squarepoint Ops LLC owned 0.39% of Monro as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in Monro in the 4th quarter valued at $28,899,000. Bleakley Financial Group LLC boosted its holdings in Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock valued at $246,000 after acquiring an additional 1,506 shares during the period. Empowered Funds LLC bought a new stake in Monro during the fourth quarter valued at about $3,327,000. Principal Financial Group Inc. grew its position in shares of Monro by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 145,222 shares of the auto parts company's stock valued at $3,602,000 after purchasing an additional 4,169 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Monro in the fourth quarter worth about $272,000.

Analysts Set New Price Targets

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

Monro Stock Performance

Shares of MNRO traded down $0.65 during trading hours on Friday, reaching $15.23. 1,333,237 shares of the company traded hands, compared to its average volume of 712,251. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The stock's fifty day moving average is $14.21 and its 200 day moving average is $19.56. Monro, Inc. has a 1-year low of $12.20 and a 1-year high of $31.49. The stock has a market cap of $456.12 million, a P/E ratio of 23.80, 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 results 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 net margin of 1.64% and a return on equity of 3.76%. The firm had revenue of $294.99 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company's revenue was down 4.9% on a year-over-year basis. Equities research analysts anticipate that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Tuesday, June 3rd. Monro's dividend payout ratio is 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.