Prosperity Consulting Group LLC Purchases Shares of 15,993 Monro, Inc. (NASDAQ:MNRO)

Prosperity Consulting Group LLC purchased a new stake in Monro, Inc. (NASDAQ:MNRO) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,993 shares of the auto parts company’s stock, valued at approximately $504,000. Prosperity Consulting Group LLC owned approximately 0.05% of Monro at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MNRO. Pacer Advisors Inc. grew its holdings in shares of Monro by 63.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,168,504 shares of the auto parts company’s stock valued at $34,284,000 after buying an additional 453,980 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Monro by 519.4% during the fourth quarter. Brown Advisory Inc. now owns 349,124 shares of the auto parts company’s stock valued at $10,243,000 after buying an additional 292,762 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Monro during the third quarter valued at about $2,291,000. Cerity Partners LLC acquired a new position in shares of Monro during the fourth quarter valued at about $2,420,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Monro during the first quarter valued at about $2,406,000.

Monro Stock Down 1.9 %

Shares of NASDAQ MNRO traded down $0.44 during mid-day trading on Friday, reaching $22.57. 414,888 shares of the company’s stock traded hands, compared to its average volume of 789,529. The stock has a market cap of $675.29 million, a P/E ratio of 19.13, a PEG ratio of 2.15 and a beta of 1.12. The business has a 50-day simple moving average of $24.87 and a 200 day simple moving average of $28.65. Monro, Inc. has a 1-year low of $22.27 and a 1-year high of $43.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.56 and a quick ratio of 0.22.

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

Monro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Tuesday, June 4th. 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.