Monro, Inc. (NASDAQ:MNRO) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 54.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,725 shares of the auto parts company's stock after selling 44,172 shares during the period. ExodusPoint Capital Management LP owned approximately 0.12% of Monro worth $911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNRO. Trexquant Investment LP purchased a new position in shares of Monro during the fourth quarter worth approximately $3,561,000. Geode Capital Management LLC boosted its stake in shares of Monro by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 837,302 shares of the auto parts company's stock worth $20,769,000 after buying an additional 14,052 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Monro by 51.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 92,558 shares of the auto parts company's stock worth $2,295,000 after buying an additional 31,340 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Monro by 68.3% during the 4th quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company's stock valued at $3,787,000 after acquiring an additional 61,988 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Monro in the 4th quarter valued at approximately $374,000.

Monro Trading Down 0.5 %

Shares of MNRO stock traded down $0.08 during trading hours on Wednesday, hitting $13.95. 43,383 shares of the company were exchanged, compared to its average volume of 660,487. Monro, Inc. has a 1 year low of $13.81 and a 1 year high of $31.49. The firm has a fifty day moving average of $16.88 and a 200 day moving average of $22.67. The firm has a market cap of $417.64 million, a PE ratio of 21.83, a PEG ratio of 2.05 and a beta of 1.09. 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 (NASDAQ:MNRO - Get Free Report) last posted its quarterly earnings results 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%. Analysts expect that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date was Tuesday, February 25th. Monro's payout ratio is 175.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. Wedbush dropped their target price on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, Stephens upgraded Monro from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $21.00 to $18.00 in a research note on Friday, April 4th.

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.