Monro, Inc. (NASDAQ:MNRO) Stake Lowered by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 751,804 shares of the auto parts company’s stock after selling 19,597 shares during the period. Deprince Race & Zollo Inc.’s holdings in Monro were worth $17,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in MNRO. Squarepoint Ops LLC increased its position in Monro by 64.5% in the 2nd quarter. Squarepoint Ops LLC now owns 66,520 shares of the auto parts company’s stock valued at $1,587,000 after acquiring an additional 26,092 shares during the period. Lombard Odier Asset Management USA Corp grew its holdings in shares of Monro by 12.2% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 18,819 shares of the auto parts company’s stock worth $449,000 after acquiring an additional 2,046 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Monro by 7.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 65,788 shares of the auto parts company’s stock worth $1,570,000 after buying an additional 4,490 shares during the period. Gabelli Funds LLC increased its position in shares of Monro by 37.6% in the second quarter. Gabelli Funds LLC now owns 117,000 shares of the auto parts company’s stock worth $2,792,000 after acquiring an additional 32,000 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Monro by 14.0% during the second quarter. Ensign Peak Advisors Inc now owns 20,416 shares of the auto parts company’s stock valued at $487,000 after acquiring an additional 2,500 shares during the period.

Monro Trading Up 2.3 %

Monro stock opened at $28.76 on Friday. The company has a 50 day moving average price of $26.36 and a 200 day moving average price of $26.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. Monro, Inc. has a 52 week low of $21.00 and a 52 week high of $33.98. The firm has a market capitalization of $860.53 million, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.81 and a beta of 1.10.

Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.01 by $0.21. The business had revenue of $293.20 million during the quarter, compared to analysts’ expectations of $293.70 million. Monro had a return on equity of 5.90% and a net margin of 2.78%. Monro’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Research analysts forecast that Monro, Inc. will post 1 EPS for the current year.

Monro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a $0.28 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.89%. Monro’s dividend payout ratio is 94.92%.

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.