15,076 Shares in Monro, Inc. (NASDAQ:MNRO) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in shares of Monro, Inc. (NASDAQ:MNRO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,076 shares of the auto parts company’s stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blueshift Asset Management LLC purchased a new position in shares of Monro during the 3rd quarter worth approximately $830,000. Empowered Funds LLC purchased a new position in Monro during the fourth quarter worth $3,327,000. Intech Investment Management LLC acquired a new position in shares of Monro in the third quarter worth $1,205,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Monro in the third quarter valued at $515,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Monro during the fourth quarter valued at $28,899,000.

Analyst Ratings Changes

Several brokerages recently weighed in on MNRO. Wedbush reissued an “outperform” rating and issued a $31.00 target price on shares of Monro in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price objective on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Finally, Stephens restated an “equal weight” rating and set a $21.00 target price on shares of Monro in a research report on Thursday, February 27th.

Monro Stock Up 2.0 %

MNRO opened at $16.36 on Thursday. Monro, Inc. has a 12 month low of $15.75 and a 12 month high of $32.06. The business has a 50-day moving average of $18.72 and a two-hundred day moving average of $23.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. The stock has a market capitalization of $489.97 million, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO) last issued 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 return on equity of 3.76% and a net margin of 1.64%. On average, research analysts expect that Monro, Inc. will post 0.63 earnings per share for the current year.

Monro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date was Tuesday, February 25th. Monro’s payout ratio is currently 175.00%.

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.