Pennsylvania Trust Co Reduces Stake in Monro Inc (MNRO)

Pennsylvania Trust Co decreased its stake in shares of Monro Inc (NASDAQ:MNRO) by 84.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,469 shares of the auto parts company’s stock after selling 58,096 shares during the quarter. Pennsylvania Trust Co’s holdings in Monro were worth $596,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNRO. Victory Capital Management Inc. increased its stake in Monro by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock valued at $126,000 after acquiring an additional 452 shares during the period. Stephens Inc. AR boosted its position in Monro by 0.9% in the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock valued at $205,000 after buying an additional 45 shares in the last quarter. D.A. Davidson & CO. boosted its position in Monro by 48.9% in the second quarter. D.A. Davidson & CO. now owns 6,652 shares of the auto parts company’s stock valued at $277,000 after buying an additional 2,184 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Monro in the second quarter valued at about $295,000. Finally, Riverhead Capital Management LLC boosted its position in Monro by 255.9% in the second quarter. Riverhead Capital Management LLC now owns 7,830 shares of the auto parts company’s stock valued at $327,000 after buying an additional 5,630 shares in the last quarter.

MNRO has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Monro from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Oppenheimer set a $70.00 price target on shares of Monro and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Monro from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Jefferies Group lowered shares of Monro from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Monro from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.33.

Monro Inc (NASDAQ:MNRO) opened at $59.05 on Friday. Monro Inc has a 12-month low of $39.65 and a 12-month high of $61.50. The stock has a market cap of $1,953.21, a P/E ratio of 31.58, a PEG ratio of 2.19 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.28 and a current ratio of 1.00.

Monro (NASDAQ:MNRO) last announced its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro had a net margin of 5.66% and a return on equity of 10.82%. The company had revenue of $278.02 million for the quarter, compared to analyst estimates of $277.06 million. During the same period in the prior year, the business earned $0.53 earnings per share. Monro’s quarterly revenue was up 13.0% on a year-over-year basis. research analysts anticipate that Monro Inc will post 2.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, December 12th were issued a $0.18 dividend. This is a positive change from Monro’s previous quarterly dividend of $0.11. This represents a $0.72 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, December 11th. Monro’s dividend payout ratio is currently 38.50%.

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Monro Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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