Monro, Inc. (NASDAQ:MNRO) Shares Purchased by Quarry LP

Quarry LP increased its position in shares of Monro, Inc. (NASDAQ:MNRO) by 361.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,047 shares of the auto parts company’s stock after buying an additional 1,603 shares during the period. Quarry LP’s holdings in Monro were worth $49,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of Monro by 99.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 523 shares in the last quarter. TFO Wealth Partners LLC boosted its position in Monro by 129,700.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 1,297 shares in the last quarter. Innealta Capital LLC acquired a new stake in Monro in the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. increased its position in shares of Monro by 289.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the auto parts company’s stock valued at $97,000 after buying an additional 2,460 shares in the last quarter. Finally, EntryPoint Capital LLC raised its stake in shares of Monro by 33.9% during the 1st 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 period.

Monro Trading Up 1.8 %

Shares of NASDAQ:MNRO opened at $28.44 on Friday. The business’s 50 day moving average price is $26.89 and its 200-day moving average price is $26.54. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $33.98. The firm has a market capitalization of $850.95 million, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.59 and a quick ratio of 0.25.

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

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 annualized dividend and a yield of 3.94%. Monro’s dividend payout ratio (DPR) is currently 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.