11,272 Shares in Monro, Inc. (NASDAQ:MNRO) Purchased by Quadrature Capital Ltd

Posted by on Mar 12th, 2023

Quadrature Capital Ltd bought a new stake in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,272 shares of the auto parts company’s stock, valued at approximately $490,000.

A number of other large investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA purchased a new position in Monro during the second quarter valued at approximately $26,624,000. Wellington Management Group LLP boosted its stake in shares of Monro by 35.5% during the 1st quarter. Wellington Management Group LLP now owns 1,094,229 shares of the auto parts company’s stock valued at $48,519,000 after buying an additional 286,762 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Monro by 232.1% during the 1st quarter. Renaissance Technologies LLC now owns 364,679 shares of the auto parts company’s stock valued at $16,170,000 after acquiring an additional 254,876 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Monro in the third quarter worth $7,633,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Monro by 11.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,324,033 shares of the auto parts company’s stock worth $57,542,000 after acquiring an additional 134,494 shares in the last quarter.

Monro Price Performance

Shares of MNRO opened at $48.07 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.30 and a current ratio of 0.63. The firm has a market cap of $1.51 billion, a PE ratio of 33.62, a PEG ratio of 1.99 and a beta of 1.01. The firm’s 50 day moving average price is $49.96 and its 200 day moving average price is $47.37. Monro, Inc. has a twelve month low of $37.49 and a twelve month high of $55.70.

Monro (NASDAQ:MNRO – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The auto parts company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $335.20 million for the quarter, compared to the consensus estimate of $330.87 million. Monro had a net margin of 3.52% and a return on equity of 6.52%. Monro’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. As a group, research analysts expect that Monro, Inc. will post 1.61 EPS for the current fiscal year.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 8th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 2.33%. Monro’s dividend payout ratio (DPR) is presently 78.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Monro from a “buy” rating to a “hold” rating in a research report on Friday.

Monro Company Profile

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Monro, Inc engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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