Voloridge Investment Management LLC Lowers Stake in Monro, Inc. (NASDAQ:MNRO)

Voloridge Investment Management LLC lowered its stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 52.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,293 shares of the auto parts company's stock after selling 113,993 shares during the period. Voloridge Investment Management LLC owned 0.35% of Monro worth $2,611,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new stake in shares of Monro during the 4th quarter worth approximately $2,866,000. Sherbrooke Park Advisers LLC bought a new position in Monro in the 4th quarter worth approximately $353,000. ProShare Advisors LLC bought a new position in Monro in the 4th quarter worth approximately $223,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Monro by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,995 shares of the auto parts company's stock worth $421,000 after buying an additional 577 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in Monro by 7.5% in the 4th quarter. Invenomic Capital Management LP now owns 479,427 shares of the auto parts company's stock worth $11,890,000 after buying an additional 33,450 shares during the period.

Monro Price Performance

NASDAQ:MNRO traded down $0.65 during trading hours on Friday, hitting $15.23. The stock had a trading volume of 1,333,237 shares, compared to its average volume of 712,261. The company has a 50 day simple moving average of $14.19 and a two-hundred day simple moving average of $19.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49. The firm has a market capitalization of $456.12 million, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.05 and a beta of 0.95.

Monro (NASDAQ:MNRO - Get Free Report) last announced its quarterly earnings results 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). Monro had a net margin of 1.64% and a return on equity of 3.76%. The firm had revenue of $294.99 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. Research analysts forecast that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Announces Dividend

The business 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. This represents a $1.12 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Tuesday, June 3rd. Monro's dividend payout ratio (DPR) is currently 175.00%.

Wall Street Analyst Weigh In

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

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.