Trexquant Investment LP Purchases New Position in Monro, Inc. (NASDAQ:MNRO)

Trexquant Investment LP bought a new position in Monro, Inc. (NASDAQ:MNRO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 143,587 shares of the auto parts company's stock, valued at approximately $3,561,000. Trexquant Investment LP owned 0.48% of Monro as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNRO. Wealthfront Advisers LLC acquired a new stake in Monro during the 4th quarter worth $52,000. Quarry LP raised its position in shares of Monro by 30.2% during the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock worth $77,000 after purchasing an additional 619 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Monro during the 4th quarter valued at about $156,000. XTX Topco Ltd acquired a new position in shares of Monro in the 3rd quarter valued at approximately $213,000. Finally, Bleakley Financial Group LLC increased its stake in Monro by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after purchasing an additional 1,506 shares in the last quarter.

Monro Stock Down 0.6 %

Shares of NASDAQ MNRO traded down $0.09 during midday trading on Friday, reaching $14.87. The company's stock had a trading volume of 684,028 shares, compared to its average volume of 659,583. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. Monro, Inc. has a fifty-two week low of $13.83 and a fifty-two week high of $31.49. The stock has a 50 day simple moving average of $17.09 and a 200-day simple moving average of $22.87. The stock has a market capitalization of $445.34 million, a price-to-earnings ratio of 23.23, a PEG ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share 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%. Equities research analysts predict that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date was Tuesday, February 25th. Monro's dividend payout ratio (DPR) is presently 175.00%.

Analysts Set New Price Targets

MNRO has been the topic of a number of research reports. 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 note on Friday, April 4th. Wedbush reduced 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, Wells Fargo & Company dropped their price target on Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th.

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.