IFP Advisors Inc decreased its stake in shares of Monro Inc (NASDAQ:MNRO) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 368 shares of the auto parts company’s stock after selling 216 shares during the period. IFP Advisors Inc’s holdings in Monro were worth $25,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MNRO. Clearbridge Investments LLC lifted its position in shares of Monro by 20.3% during the third quarter. Clearbridge Investments LLC now owns 2,058,248 shares of the auto parts company’s stock worth $143,254,000 after purchasing an additional 346,781 shares during the last quarter. Castleark Management LLC bought a new position in shares of Monro during the third quarter worth about $15,341,000. BlackRock Inc. lifted its position in shares of Monro by 4.1% during the third quarter. BlackRock Inc. now owns 4,612,401 shares of the auto parts company’s stock worth $321,024,000 after purchasing an additional 180,404 shares during the last quarter. Wasatch Advisors Inc. lifted its position in shares of Monro by 4.5% during the third quarter. Wasatch Advisors Inc. now owns 3,557,837 shares of the auto parts company’s stock worth $247,625,000 after purchasing an additional 154,406 shares during the last quarter. Finally, Eaton Vance Management bought a new position in Monro in the third quarter worth about $8,109,000.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Monro from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Zacks Investment Research raised shares of Monro from a “sell” rating to a “hold” rating and set a $83.00 target price on the stock in a report on Tuesday, October 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Monro currently has an average rating of “Buy” and a consensus target price of $70.00.

Shares of NASDAQ MNRO opened at $77.21 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Monro Inc has a 52-week low of $50.25 and a 52-week high of $84.38. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 2.57 and a beta of 0.77.

Monro (NASDAQ:MNRO) last issued its earnings results on Thursday, January 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Monro had a net margin of 6.71% and a return on equity of 12.47%. The firm had revenue of $310.11 million for the quarter, compared to analysts’ expectations of $309.89 million. As a group, analysts anticipate that Monro Inc will post 2.42 EPS for the current fiscal year.

In other news, insider Maureen Mulholland sold 1,000 shares of Monro stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $79.60, for a total transaction of $79,600.00. Following the sale, the insider now owns 200 shares of the company’s stock, valued at $15,920. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter J. Solomon sold 30,000 shares of Monro stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $80.29, for a total value of $2,408,700.00. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.

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About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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