Monro Inc (NASDAQ:MNRO) Stake Lessened by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC cut its stake in Monro Inc (NASDAQ:MNRO) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,236 shares of the auto parts company’s stock after selling 11,237 shares during the period. Stephens Investment Management Group LLC owned approximately 0.63% of Monro worth $16,453,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MNRO. Envestnet Asset Management Inc. lifted its stake in Monro by 133.8% during the third quarter. Envestnet Asset Management Inc. now owns 40,529 shares of the auto parts company’s stock valued at $3,202,000 after purchasing an additional 23,197 shares during the last quarter. Summit Creek Advisors LLC lifted its stake in Monro by 4.3% during the third quarter. Summit Creek Advisors LLC now owns 214,431 shares of the auto parts company’s stock valued at $16,942,000 after purchasing an additional 8,890 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Monro during the third quarter valued at approximately $632,000. Peregrine Capital Management LLC lifted its stake in Monro by 3.4% during the third quarter. Peregrine Capital Management LLC now owns 222,003 shares of the auto parts company’s stock valued at $17,540,000 after purchasing an additional 7,233 shares during the last quarter. Finally, First Hawaiian Bank acquired a new stake in Monro during the third quarter valued at approximately $371,000.

In other Monro news, insider Maureen Mulholland sold 500 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $84.40, for a total value of $42,200.00. Following the completion of the sale, the insider now owns 574 shares in the company, valued at approximately $48,445.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donald Glickman sold 7,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $85.23, for a total transaction of $639,225.00. Following the completion of the sale, the director now owns 181,078 shares of the company’s stock, valued at approximately $15,433,277.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,500 shares of company stock valued at $1,152,285. 4.40% of the stock is owned by insiders.

Shares of NASDAQ:MNRO opened at $79.24 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.28 and a current ratio of 0.93. The company has a market cap of $2.63 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 2.31 and a beta of 0.78. Monro Inc has a 52 week low of $60.78 and a 52 week high of $89.72. The firm has a 50 day simple moving average of $77.38 and a 200 day simple moving average of $81.39.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The business had revenue of $317.10 million during the quarter, compared to the consensus estimate of $320.60 million. Monro had a net margin of 6.69% and a return on equity of 12.01%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, equities analysts predict that Monro Inc will post 2.65 earnings per share for the current year.

Several analysts recently commented on the stock. BidaskClub raised shares of Monro from a “hold” rating to a “buy” rating in a research note on Saturday. CIBC reissued a “market perform” rating on shares of Monro in a research note on Thursday, July 11th. Zacks Investment Research raised shares of Monro from a “sell” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Thursday, September 26th. BMO Capital Markets assumed coverage on shares of Monro in a research report on Friday, August 9th. They issued a “market perform” rating and a $90.00 price target for the company. Finally, ValuEngine downgraded shares of Monro from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $86.38.

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.

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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