Renaissance Technologies LLC Acquires 17,500 Shares of Monro, Inc. (NASDAQ:MNRO)

Renaissance Technologies LLC raised its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 14.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,979 shares of the auto parts company’s stock after purchasing an additional 17,500 shares during the quarter. Renaissance Technologies LLC owned 0.47% of Monro worth $3,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MNRO. Nisa Investment Advisors LLC increased its stake in shares of Monro by 99.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after buying an additional 523 shares during the period. Wasatch Advisors LP increased its stake in shares of Monro by 3.0% during the first quarter. Wasatch Advisors LP now owns 20,958 shares of the auto parts company’s stock valued at $661,000 after buying an additional 615 shares during the period. EntryPoint Capital LLC increased its stake in shares of Monro by 33.9% during the first quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock valued at $100,000 after buying an additional 802 shares during the period. Headlands Technologies LLC increased its stake in shares of Monro by 32.5% during the first quarter. Headlands Technologies LLC now owns 3,675 shares of the auto parts company’s stock valued at $116,000 after buying an additional 902 shares during the period. Finally, TFO Wealth Partners LLC increased its stake in shares of Monro by 129,700.0% during 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 period.

Monro Stock Performance

Shares of Monro stock opened at $28.84 on Monday. The stock’s fifty day moving average price is $26.53 and its 200-day moving average price is $26.55. Monro, Inc. has a 12 month low of $21.00 and a 12 month high of $33.98. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 0.55. The firm has a market cap of $862.92 million, a P/E ratio of 24.44, a P/E/G ratio of 1.81 and a beta of 1.10.

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

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were paid a $0.28 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.12 annualized dividend and a yield of 3.88%. Monro’s dividend payout ratio (DPR) 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.