Jump Financial LLC Invests $501,000 in Monro, Inc. (NASDAQ:MNRO)

Jump Financial LLC purchased a new stake in Monro, Inc. (NASDAQ:MNRO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,182 shares of the auto parts company's stock, valued at approximately $501,000. Jump Financial LLC owned about 0.07% of Monro as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in Monro in the fourth quarter valued at about $28,899,000. Cooper Creek Partners Management LLC boosted its position in 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 worth $23,046,000 after buying an additional 370,960 shares during the period. Trexquant Investment LP bought a new stake in Monro during the 4th quarter worth approximately $3,561,000. Empowered Funds LLC acquired a new position in Monro in the 4th quarter valued at approximately $3,327,000. Finally, Victory Capital Management Inc. raised its stake in shares of Monro by 1,288.0% during the fourth quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company's stock valued at $3,500,000 after acquiring an additional 130,954 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MNRO shares. Wells Fargo & Company cut their price objective on Monro from $20.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Monday. Wedbush lowered their target price on shares of Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research note 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 research report on Friday, April 4th.

Monro Trading Down 1.3 %

Shares of MNRO stock traded down $0.19 during trading hours on Tuesday, hitting $14.28. 276,565 shares of the company were exchanged, compared to its average volume of 675,676. The company has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $21.77. The firm has a market cap of $427.67 million, a P/E ratio of 22.30, a P/E/G ratio of 2.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. Monro, Inc. has a fifty-two week low of $13.50 and a fifty-two week high of $31.49.

Monro Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 7.84%. Monro's dividend payout ratio is currently 175.00%.

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.