Squarepoint Ops LLC Increases Holdings in Monro, Inc. (NASDAQ:MNRO)

Squarepoint Ops LLC raised its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 64.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,520 shares of the auto parts company's stock after acquiring an additional 26,092 shares during the quarter. Squarepoint Ops LLC owned about 0.22% of Monro worth $1,587,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in Monro by 99.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company's stock worth $25,000 after purchasing an additional 523 shares during the period. Wasatch Advisors LP raised its stake in Monro by 3.0% during the 1st quarter. Wasatch Advisors LP now owns 20,958 shares of the auto parts company's stock worth $661,000 after buying an additional 615 shares during the period. EntryPoint Capital LLC boosted its holdings in Monro by 33.9% in the first quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company's stock worth $100,000 after acquiring an additional 802 shares in the last quarter. Headlands Technologies LLC grew its stake in Monro by 32.5% in the first quarter. Headlands Technologies LLC now owns 3,675 shares of the auto parts company's stock valued at $116,000 after acquiring an additional 902 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in shares of Monro by 129,700.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 1,297 shares in the last quarter.

Monro Stock Up 1.8 %

Shares of NASDAQ:MNRO traded up $0.50 during trading on Friday, reaching $28.44. 360,684 shares of the stock were exchanged, compared to its average volume of 528,092. Monro, Inc. has a 1-year low of $21.00 and a 1-year high of $33.98. The stock has a fifty day moving average of $26.89 and a two-hundred day moving average of $26.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.59 and a quick ratio of 0.25. The firm has a market cap of $850.95 million, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11.

Monro (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.21. The firm had revenue of $293.20 million for the quarter, compared to the consensus estimate of $293.70 million. Monro had a net margin of 2.78% and a return on equity of 5.90%. The business's revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. Research analysts anticipate that Monro, Inc. will post 1 earnings per share for the current fiscal year.

Monro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Tuesday, August 27th. Monro's dividend payout ratio is currently 94.92%.

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.