134,171 Shares in Monro, Inc. (NASDAQ:MNRO) Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Monro, Inc. (NASDAQ:MNRO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 134,171 shares of the auto parts company's stock, valued at approximately $3,327,000. Empowered Funds LLC owned approximately 0.45% of Monro as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MNRO. Quarry LP raised its holdings in shares of Monro by 30.2% in the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock worth $77,000 after buying an additional 619 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Monro in the 3rd quarter worth approximately $213,000. Bleakley Financial Group LLC raised its holdings in shares of Monro by 17.9% in the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after buying an additional 1,506 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Monro by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company's stock worth $279,000 after buying an additional 458 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in shares of Monro in the 3rd quarter worth approximately $287,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MNRO. Wells Fargo & Company dropped their target price on Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. Wedbush reissued an "outperform" rating and issued a $31.00 target price on shares of Monro in a report on Wednesday, December 18th.

Monro Price Performance

Shares of Monro stock traded up $0.67 during trading on Friday, reaching $19.78. The company's stock had a trading volume of 635,578 shares, compared to its average volume of 815,112. Monro, Inc. has a one year low of $18.29 and a one year high of $33.98. The stock has a 50-day moving average price of $22.74 and a two-hundred day moving average price of $25.74. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $592.41 million, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08.

Monro (NASDAQ:MNRO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. As a group, sell-side analysts anticipate that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.66%. Monro's payout ratio is 175.00%.

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.