T. Rowe Price Investment Management Inc. Increases Holdings in Monro, Inc. (NASDAQ:MNRO)

T. Rowe Price Investment Management Inc. increased its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,702,250 shares of the auto parts company's stock after purchasing an additional 85,378 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 9.02% of Monro worth $67,016,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new position in Monro in the fourth quarter worth $28,899,000. Cooper Creek Partners Management LLC lifted its position in shares of Monro by 66.4% during the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company's stock valued at $23,046,000 after buying an additional 370,960 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Monro by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock valued at $39,957,000 after purchasing an additional 253,518 shares during the period. Trexquant Investment LP bought a new stake in shares of Monro during the 4th quarter valued at $3,561,000. Finally, Empowered Funds LLC bought a new position in Monro in the 4th quarter worth about $3,327,000.

Monro Trading Up 0.4 %

Monro stock traded up $0.05 during midday trading on Thursday, reaching $13.99. The stock had a trading volume of 145,082 shares, compared to its average volume of 676,090. 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 52-week low of $13.50 and a 52-week high of $31.49. The firm has a market cap of $419.02 million, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company has a fifty day moving average of $15.75 and a 200 day moving average of $21.67.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.01%. Monro's dividend payout ratio is presently 175.00%.

Wall Street Analysts Forecast Growth

MNRO has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Monro from $20.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Monday. Wedbush dropped their price target 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. Finally, Stephens raised shares of Monro from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $21.00 to $18.00 in a research note on Friday, April 4th.

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.