Two Sigma Advisers LP Cuts Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Two Sigma Advisers LP lessened its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,300 shares of the auto parts company's stock after selling 101,600 shares during the quarter. Two Sigma Advisers LP owned about 0.53% of Monro worth $3,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in Monro by 3.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,702,250 shares of the auto parts company's stock worth $67,016,000 after purchasing an additional 85,378 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Monro by 18.7% during 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 buying an additional 253,518 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings 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 buying an additional 302,515 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Monro during the fourth quarter valued at approximately $28,899,000. Finally, William Blair Investment Management LLC grew its holdings in shares of Monro by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company's stock valued at $27,801,000 after buying an additional 23,184 shares during the last quarter.

Wall Street Analyst Weigh In

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

Monro Stock Performance

MNRO traded down $0.10 during trading on Friday, hitting $15.78. The company's stock had a trading volume of 236,681 shares, compared to its average volume of 707,994. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49. The firm has a market cap of $472.63 million, a PE ratio of 24.62, a P/E/G ratio of 2.05 and a beta of 0.95. The business's 50 day simple moving average is $14.21 and its 200-day simple moving average is $19.56.

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

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $1.12 annualized dividend and a dividend yield of 7.10%. Monro's payout ratio is 175.00%.

Monro 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.