Monro Inc (NASDAQ:MNRO) Holdings Decreased by Donald L. Hagan LLC

Donald L. Hagan LLC reduced its holdings in shares of Monro Inc (NASDAQ:MNRO) by 28.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,539 shares of the auto parts company’s stock after selling 3,336 shares during the quarter. Donald L. Hagan LLC’s holdings in Monro were worth $587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MetLife Investment Advisors LLC lifted its stake in Monro by 43.2% during the third quarter. MetLife Investment Advisors LLC now owns 21,575 shares of the auto parts company’s stock valued at $1,502,000 after buying an additional 6,505 shares in the last quarter. Eaton Vance Management purchased a new stake in shares of Monro in the third quarter worth approximately $8,109,000. Vanguard Group Inc. lifted its position in shares of Monro by 2.6% in the third quarter. Vanguard Group Inc. now owns 3,402,940 shares of the auto parts company’s stock worth $236,845,000 after purchasing an additional 85,805 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Monro by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 11,031 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 210 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its position in shares of Monro by 2.1% in the third quarter. Eagle Boston Investment Management Inc. now owns 240,819 shares of the auto parts company’s stock worth $16,761,000 after purchasing an additional 4,968 shares in the last quarter.

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Monro from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Monro from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $70.00.

In related news, Director Peter J. Solomon sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $80.29, for a total value of $2,408,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.60% of the stock is owned by company insiders.

Shares of MNRO stock opened at $77.73 on Thursday. Monro Inc has a 12 month low of $50.25 and a 12 month high of $84.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 1.05. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 2.60 and a beta of 0.77.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, January 31st. The auto parts company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $310.11 million during the quarter, compared to analysts’ expectations of $309.89 million. Monro had a return on equity of 12.47% and a net margin of 6.71%. On average, sell-side analysts anticipate that Monro Inc will post 2.42 earnings per share for the current fiscal year.

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Monro Company Profile

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.

Further Reading: Why do company’s buyback their stock?

Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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