Monro, Inc. (NASDAQ:MNRO) Shares Purchased by Invenomic Capital Management LP

Invenomic Capital Management LP raised its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 7.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 479,427 shares of the auto parts company’s stock after buying an additional 33,450 shares during the period. Invenomic Capital Management LP’s holdings in Monro were worth $11,890,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. purchased a new stake in shares of Monro in the fourth quarter valued at $28,899,000. Cooper Creek Partners Management LLC boosted its stake in shares of Monro by 66.4% during the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company’s stock worth $23,046,000 after purchasing an additional 370,960 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Monro by 34.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company’s stock worth $29,594,000 after buying an additional 302,515 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Monro by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company’s stock valued at $39,957,000 after buying an additional 253,518 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Monro during the fourth quarter valued at approximately $5,671,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wedbush cut their target price on Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Stephens upgraded Monro from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $21.00 to $18.00 in a report on Friday, April 4th. Finally, Wells Fargo & Company cut their price target on shares of Monro from $20.00 to $15.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th.

Monro Trading Down 4.2 %

Shares of MNRO opened at $12.22 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. Monro, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49. The stock has a market cap of $365.98 million, a PE ratio of 19.09, a P/E/G ratio of 2.05 and a beta of 0.95. The stock’s 50-day moving average is $15.11 and its two-hundred day moving average is $20.93.

Monro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.17%. Monro’s dividend payout ratio is currently 175.00%.

About Monro

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.