48,682 Shares in Monro, Inc. (NASDAQ:MNRO) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of Monro, Inc. (NASDAQ:MNRO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,682 shares of the auto parts company’s stock, valued at approximately $1,207,000. Dynamic Technology Lab Private Ltd owned 0.16% of Monro as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MNRO. Wealthfront Advisers LLC bought a new position in Monro during the fourth quarter worth $52,000. Quarry LP raised its position in shares of Monro by 30.2% in the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after acquiring an additional 619 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Monro in the 4th quarter valued at about $156,000. XTX Topco Ltd bought a new stake in shares of Monro during the 3rd quarter valued at about $213,000. Finally, Bleakley Financial Group LLC grew its stake 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 worth $246,000 after purchasing an additional 1,506 shares during the period.

Monro Price Performance

Shares of NASDAQ:MNRO opened at $15.27 on Friday. The stock’s 50 day moving average is $17.80 and its 200-day moving average is $23.44. Monro, Inc. has a twelve month low of $13.83 and a twelve month high of $31.53. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $457.32 million, a price-to-earnings ratio of 23.86, a PEG ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO) last released its quarterly earnings data 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%. Sell-side analysts forecast that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date of this dividend was Tuesday, February 25th. Monro’s dividend payout ratio is currently 175.00%.

Analyst Upgrades and Downgrades

MNRO has been the topic of a number of research analyst reports. Wedbush cut their price target on Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Stephens raised shares of Monro from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $21.00 to $18.00 in a research note on Friday. Finally, Wells Fargo & Company decreased their price target on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th.

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.