Deprince Race & Zollo Inc. Cuts Stake in Monro, Inc. (NASDAQ:MNRO)

Deprince Race & Zollo Inc. trimmed its stake in Monro, Inc. (NASDAQ:MNRO) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 751,804 shares of the auto parts company’s stock after selling 19,597 shares during the quarter. Deprince Race & Zollo Inc. owned about 2.51% of Monro worth $17,938,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. William Blair Investment Management LLC lifted its stake in shares of Monro by 24.1% in the 1st quarter. William Blair Investment Management LLC now owns 1,008,786 shares of the auto parts company’s stock valued at $31,817,000 after purchasing an additional 195,955 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Monro during the first quarter worth approximately $4,494,000. Invenomic Capital Management LP acquired a new stake in shares of Monro in the first quarter worth $4,348,000. Wellington Management Group LLP raised its stake in shares of Monro by 4.9% in the 4th quarter. Wellington Management Group LLP now owns 1,335,544 shares of the auto parts company’s stock valued at $39,185,000 after acquiring an additional 62,148 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Monro by 45.7% in the 1st quarter. Russell Investments Group Ltd. now owns 197,729 shares of the auto parts company’s stock valued at $6,236,000 after acquiring an additional 62,019 shares during the period.

Monro Stock Performance

Shares of NASDAQ:MNRO opened at $28.76 on Friday. The business’s 50-day simple moving average is $26.36 and its 200 day simple moving average is $26.58. The company has a market cap of $860.53 million, a P/E ratio of 24.37, a PEG ratio of 1.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. Monro, Inc. has a one year low of $21.00 and a one year high of $33.98.

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

Monro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.12 annualized dividend and a yield of 3.89%. Monro’s dividend payout ratio is presently 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.