Inspire Investing LLC Purchases 2,042 Shares of Monro, Inc. (NASDAQ:MNRO)

Inspire Investing LLC lifted its position in Monro, Inc. (NASDAQ:MNRO) by 14.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,299 shares of the auto parts company’s stock after acquiring an additional 2,042 shares during the period. Inspire Investing LLC’s holdings in Monro were worth $404,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Quarry LP lifted its stake in Monro by 361.0% in the second quarter. Quarry LP now owns 2,047 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 1,603 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Monro during the 3rd quarter worth approximately $213,000. The Manufacturers Life Insurance Company boosted its holdings in Monro by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company’s stock valued at $279,000 after acquiring an additional 458 shares during the period. Arete Wealth Advisors LLC bought a new position in Monro in the 3rd quarter valued at $287,000. Finally, D.B. Root & Company LLC increased its stake in Monro by 8.7% in the fourth quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company’s stock worth $384,000 after purchasing an additional 1,233 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MNRO shares. Wedbush reissued an “outperform” rating and set a $31.00 target price on shares of Monro in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of Monro from $30.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Stephens started coverage on shares of Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price target for the company.

Monro Stock Performance

MNRO stock opened at $22.00 on Friday. Monro, Inc. has a 1-year low of $21.00 and a 1-year high of $33.98. The business has a 50-day moving average price of $25.14 and a 200 day moving average price of $26.28. The company has a market capitalization of $658.90 million, a P/E ratio of 25.29, a PEG ratio of 1.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The business had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Monro, Inc. will post 0.84 EPS for the current fiscal year.

Monro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.12 annualized dividend and a yield of 5.09%. Monro’s dividend payout ratio (DPR) is presently 128.74%.

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.