Monro (NASDAQ:MNRO) Hits New 1-Year Low at $22.32

Monro, Inc. (NASDAQ:MNRO) hit a new 52-week low on Friday . The company traded as low as $22.32 and last traded at $22.40, with a volume of 85411 shares traded. The stock had previously closed at $23.01.

Monro Stock Down 2.7 %

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 stock has a market capitalization of $669.91 million, a PE ratio of 19.50, a PEG ratio of 2.15 and a beta of 1.12. The business has a 50 day moving average of $24.97 and a two-hundred day moving average of $28.71.

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

Monro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Tuesday, June 4th. Monro’s dividend payout ratio (DPR) is currently 94.92%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund increased its position in Monro by 2.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 18,472 shares of the auto parts company’s stock valued at $542,000 after buying an additional 490 shares in the last quarter. Wasatch Advisors LP increased its position in Monro by 3.0% during the 1st 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 in the last quarter. CWM LLC increased its position in Monro by 144.6% during the 4th quarter. CWM LLC now owns 1,103 shares of the auto parts company’s stock valued at $32,000 after buying an additional 652 shares in the last quarter. Cardinal Capital Management increased its position in Monro by 3.1% during the 4th quarter. Cardinal Capital Management now owns 22,602 shares of the auto parts company’s stock valued at $663,000 after buying an additional 678 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in Monro by 33.9% during the 1st 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 in the last quarter.

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.