Monro (NASDAQ:MNRO) Shares Decline by 5.1% After Disappointing Earnings Report

January 30, 2025 11:24 PM PST | By Team Kalkine Media

Monro (NASDAQ:MNRO) Shares Decline by 5.1% After Disappointing Earnings Report — Image source: Shutterstock

Dividend and Payout Ratio

Monro recently announced a quarterly dividend, which was distributed on December 17th. The dividend amount stood at $0.28 per share, translating to an annualized dividend of $1.12 and a yield of 5.71%. The payout ratio reached 128.74%, signaling a substantial dividend distribution relative to earnings.

Institutional Involvement

The dynamics of institutional ownership reflected changes in the wake of Monro’s recent performance. Quarry LP significantly increased its stake by 361% in the second quarter, while XTX Topco Ltd and Arete Wealth Advisors LLC initiated new positions during the third quarter. Additionally, Bleakley Financial Group LLC raised its holdings by 17.9% in the fourth quarter, and The Manufacturers Life Insurance Company increased its stake by 4.1% in the second quarter.

Stock Performance and Company Profile

Monro's stock is currently influenced by its moving average prices, with the 50-day average at $24.75 and the 200-day average at $26.25. The company holds a debt-to-equity ratio of 0.47, reflecting its financial strategy, accompanied by a quick ratio of 0.21 and a current ratio of 0.53. The market cap stands at approximately $587.02 million, with a PE ratio of 22.53 and a PEG ratio of 1.73, indicative of its valuation and growth prospects.

Monro, Inc. is a prominent provider of automotive undercar repair, tire sales, and services across the United States. Its portfolio encompasses replacement tires, tire-related services, and routine maintenance, catering primarily to passenger cars, light trucks, and vans. Additionally, it offers essential services such as brakes, mufflers, exhaust systems, steering, drive train, suspension, and wheel alignment.

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