22,143 Shares in Monro, Inc. (NASDAQ:MNRO) Bought by Scientech Research LLC

Scientech Research LLC acquired a new stake in Monro, Inc. (NASDAQ:MNRO) in the 2nd quarter, Holdings Channel reports. The fund acquired 22,143 shares of the auto parts company’s stock, valued at approximately $528,000.

Several other hedge funds also recently made changes to their positions in MNRO. Nisa Investment Advisors LLC increased its holdings in shares of Monro by 99.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 523 shares during the period. TFO Wealth Partners LLC raised its holdings in shares of Monro by 129,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company’s stock valued at $38,000 after buying an additional 1,297 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Monro during the second quarter worth about $38,000. EntryPoint Capital LLC grew its holdings in shares of Monro by 33.9% during the first quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock worth $100,000 after buying an additional 802 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Monro by 289.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the auto parts company’s stock valued at $97,000 after acquiring an additional 2,460 shares during the period.

Monro Stock Up 0.3 %

MNRO opened at $28.84 on Monday. The business has a 50 day moving average price of $26.53 and a two-hundred day moving average price of $26.55. Monro, Inc. has a 52 week low of $21.00 and a 52 week high of $33.98. The company has a market cap of $862.92 million, a PE ratio of 24.44, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 0.55.

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

Monro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.88%. Monro’s dividend payout ratio (DPR) 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.