Marshall Wace LLP Takes $752,000 Position in Monro, Inc. (NASDAQ:MNRO)

Marshall Wace LLP purchased a new position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,332 shares of the auto parts company's stock, valued at approximately $752,000. Marshall Wace LLP owned approximately 0.10% of Monro at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC bought a new stake in shares of Monro in the 4th quarter worth about $52,000. KLP Kapitalforvaltning AS bought a new stake in Monro in the fourth quarter valued at about $156,000. Bleakley Financial Group LLC raised its stake 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 buying an additional 1,506 shares in the last quarter. Semanteon Capital Management LP bought a new position in Monro during the 4th quarter worth approximately $263,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Monro in the 4th quarter worth approximately $272,000.

Monro Stock Performance

Shares of NASDAQ MNRO traded down $0.46 during mid-day trading on Monday, hitting $13.77. The company had a trading volume of 472,607 shares, compared to its average volume of 679,950. The stock has a market cap of $412.40 million, a price-to-earnings ratio of 21.52, a PEG ratio of 2.05 and a beta of 1.09. The firm's 50 day simple moving average is $15.58 and its two-hundred day simple moving average is $21.39. 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 12 month low of $13.50 and a 12 month high of $31.49.

Monro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 8.13%. The ex-dividend date of this dividend was Tuesday, February 25th. Monro's dividend payout ratio (DPR) is 175.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Wells Fargo & Company dropped their target price on shares of Monro from $20.00 to $15.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Wedbush decreased their price target 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.

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.