Monro, Inc. (NASDAQ:MNRO) Short Interest Update

Monro, Inc. (NASDAQ:MNRO - Get Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 4,320,000 shares, an increase of 22.7% from the February 13th total of 3,520,000 shares. Based on an average daily volume of 744,300 shares, the days-to-cover ratio is presently 5.8 days. Approximately 14.9% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages have weighed in on MNRO. Stephens reaffirmed an "equal weight" rating and issued a $21.00 target price on shares of Monro in a report on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and issued a $31.00 target price on shares of Monro in a report on Wednesday, December 18th. Finally, Wells Fargo & Company cut their price objective on Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th.

Monro Price Performance

Shares of NASDAQ MNRO traded up $0.15 during mid-day trading on Friday, hitting $17.20. 2,247,463 shares of the stock traded hands, compared to its average volume of 584,513. 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 has a twelve month low of $15.75 and a twelve month high of $32.06. The company has a market cap of $515.12 million, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The firm has a 50 day simple moving average of $19.06 and a two-hundred day simple moving average of $24.14.

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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 (EPS) for the quarter, missing the consensus estimate 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, equities research analysts forecast that Monro will post 0.63 EPS for the current fiscal year.

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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.51%. The ex-dividend date was Tuesday, February 25th. Monro's dividend payout ratio (DPR) is presently 175.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Pullen Investment Management LLC raised its position in shares of Monro by 10.8% in the 4th quarter. Pullen Investment Management LLC now owns 54,004 shares of the auto parts company's stock worth $1,339,000 after acquiring an additional 5,247 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of Monro in the 4th quarter worth about $501,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Monro by 9.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,004 shares of the auto parts company's stock worth $1,612,000 after acquiring an additional 5,471 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Monro in the 4th quarter worth about $2,866,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Monro in the 4th quarter worth about $353,000.

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.