Prosperity Consulting Group LLC Has $267,000 Holdings in Monro, Inc. (NASDAQ:MNRO)

Prosperity Consulting Group LLC decreased its position in Monro, Inc. (NASDAQ:MNRO) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,748 shares of the auto parts company’s stock after selling 1,316 shares during the period. Prosperity Consulting Group LLC’s holdings in Monro were worth $267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MNRO. Pacer Advisors Inc. acquired a new stake in shares of Monro in the 4th quarter valued at about $28,899,000. Cooper Creek Partners Management LLC raised its stake in shares of Monro by 66.4% in the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company’s stock valued at $23,046,000 after purchasing an additional 370,960 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Monro by 34.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company’s stock valued at $29,594,000 after purchasing an additional 302,515 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Monro by 18.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company’s stock valued at $39,957,000 after purchasing an additional 253,518 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Monro in the fourth quarter valued at about $3,561,000.

Wall Street Analysts Forecast Growth

MNRO has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Monro from $20.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday. Wedbush lowered their target price on Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, Stephens raised Monro from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $21.00 to $18.00 in a research report on Friday, April 4th.

Monro Price Performance

Shares of NASDAQ MNRO opened at $14.47 on Tuesday. 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 business’s 50 day moving average price is $15.95 and its two-hundred day moving average price is $21.77. The company has a market cap of $433.36 million, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. Monro, Inc. has a twelve month low of $13.50 and a twelve month high of $31.49.

Monro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend was Tuesday, February 25th. Monro’s dividend payout ratio (DPR) is presently 175.00%.

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.