Monro, Inc. (NASDAQ:MNRO) Shares Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 21.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,345 shares of the auto parts company's stock after buying an additional 25,160 shares during the quarter. Penn Capital Management Company LLC owned about 0.48% of Monro worth $3,530,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its stake in shares of Monro by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company's stock valued at $1,382,000 after purchasing an additional 1,217 shares during the period. D.B. Root & Company LLC boosted its holdings in shares of Monro by 8.7% during the 4th quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company's stock valued at $384,000 after acquiring an additional 1,233 shares during the last quarter. Bleakley Financial Group LLC increased its position in Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock valued at $246,000 after acquiring an additional 1,506 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Monro by 14.3% during the 4th quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock worth $404,000 after acquiring an additional 2,042 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Monro in the fourth quarter worth approximately $52,000.

Monro Trading Down 0.3 %

Monro stock traded down $0.05 during trading on Monday, reaching $14.47. 452,290 shares of the company were exchanged, compared to its average volume of 677,192. Monro, Inc. has a 52-week low of $13.50 and a 52-week high of $31.49. The company has a market capitalization of $433.36 million, a P/E ratio of 22.61, a PEG ratio of 2.05 and a beta of 1.09. The stock's 50 day simple moving average is $16.04 and its two-hundred day simple moving average is $21.86. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a $0.28 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 annualized dividend and a yield of 7.74%. Monro's dividend payout ratio (DPR) is currently 175.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MNRO. Wells Fargo & Company lowered their price target on shares of Monro from $20.00 to $15.00 and set an "equal weight" rating for the company in a report on Monday. Stephens upgraded shares of Monro from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $21.00 to $18.00 in a report on Friday, April 4th. Finally, Wedbush cut their price target on shares of Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st.

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.