Monro, Inc. (NASDAQ:MNRO) Shares Acquired by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC boosted its holdings in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 66.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 929,288 shares of the auto parts company's stock after acquiring an additional 370,960 shares during the quarter. Cooper Creek Partners Management LLC owned 3.10% of Monro worth $23,046,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Monro by 19.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,533 shares of the auto parts company's stock worth $1,718,000 after purchasing an additional 9,839 shares during the period. State Street Corp raised its holdings in shares of Monro by 0.8% in the third quarter. State Street Corp now owns 1,344,978 shares of the auto parts company's stock valued at $38,816,000 after acquiring an additional 11,265 shares in the last quarter. XTX Topco Ltd purchased a new stake in Monro in the third quarter worth about $213,000. Geode Capital Management LLC grew its holdings in Monro by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 823,250 shares of the auto parts company's stock worth $23,763,000 after acquiring an additional 20,420 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Monro in the 3rd quarter valued at about $287,000.

Monro Stock Up 1.6 %

Shares of Monro stock traded up $0.22 on Thursday, reaching $13.96. The stock had a trading volume of 473,822 shares, compared to its average volume of 663,390. Monro, Inc. has a 1 year low of $13.52 and a 1 year high of $31.49. The company has a 50 day moving average price of $16.77 and a 200 day moving average price of $22.61. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $418.09 million, a P/E ratio of 21.81, a P/E/G ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. As a group, equities research analysts forecast that Monro, Inc. will post 0.63 EPS for the current year.

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 8.02%. Monro's dividend payout ratio (DPR) is 175.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MNRO. Wells Fargo & Company dropped their price objective on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush cut their price target on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock 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.