Monro (NASDAQ:MNRO) Trading Down 5.1%

Monro, Inc. (NASDAQ:MNRO)’s stock price was down 5.1% during trading on Tuesday . The company traded as low as $21.27 and last traded at $21.33. Approximately 371,041 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 529,321 shares. The stock had previously closed at $22.48.

Monro Trading Up 3.8 %

The firm has a market cap of $681.58 million, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 0.56. The company has a 50 day moving average price of $24.46 and a 200 day moving average price of $28.40.

Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, May 23rd. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.13). Monro had a net margin of 2.94% and a return on equity of 6.25%. The company had revenue of $310.08 million during the quarter, compared to analysts’ expectations of $320.16 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, research analysts expect that Monro, Inc. will post 0.71 earnings per share for the current year.

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.12 annualized dividend and a yield of 4.92%. Monro’s dividend payout ratio (DPR) is presently 94.92%.

Institutional Investors Weigh In On Monro

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in Monro by 144.6% during the 4th quarter. CWM LLC now owns 1,103 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 652 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Monro by 416.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,271 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 1,025 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Monro during the fourth quarter worth $37,000. TFO Wealth Partners LLC increased its holdings in 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. Finally, Meeder Asset Management Inc. acquired a new stake in Monro in the fourth quarter valued at $78,000.

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.