Wealthfront Advisers LLC Invests $52,000 in Monro, Inc. (NASDAQ:MNRO)

Wealthfront Advisers LLC purchased a new position in shares of Monro, Inc. (NASDAQ:MNRO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,092 shares of the auto parts company’s stock, valued at approximately $52,000.

Several other large investors also recently made changes to their positions in the stock. Quarry LP lifted its position in shares of Monro by 30.2% during the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 619 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Monro during the 3rd quarter worth about $213,000. Bleakley Financial Group LLC lifted its position in shares of Monro by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 1,506 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Monro during the 4th quarter worth about $272,000. Finally, Arete Wealth Advisors LLC acquired a new position in shares of Monro during the 3rd quarter worth about $287,000.

Monro Trading Up 0.3 %

Monro stock opened at $16.85 on Wednesday. The business has a 50 day moving average price of $19.36 and a two-hundred day moving average price of $24.31. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The stock has a market cap of $504.64 million, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. Monro, Inc. has a 12 month low of $15.75 and a 12 month high of $32.06.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. As a group, equities analysts forecast that Monro, Inc. will post 0.63 EPS for the current year.

Monro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 6.65%. Monro’s dividend payout ratio (DPR) is presently 175.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MNRO. Stephens reissued an “equal weight” rating and set a $21.00 price objective on shares of Monro in a research report on Thursday, February 27th. Wells Fargo & Company cut their price objective on Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $31.00 price target on shares of Monro in a report on Wednesday, December 18th.

Monro 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.