Bridge City Capital LLC Has $2.19 Million Holdings in Monro Inc (NASDAQ:MNRO)

Bridge City Capital LLC grew its stake in shares of Monro Inc (NASDAQ:MNRO) by 27.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 27,669 shares of the auto parts company’s stock after purchasing an additional 5,996 shares during the quarter. Bridge City Capital LLC’s holdings in Monro were worth $2,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC lifted its position in Monro by 60.2% during the second quarter. Advisory Services Network LLC now owns 322 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 121 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Monro in the second quarter valued at approximately $32,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Monro in the second quarter valued at approximately $68,000. Contravisory Investment Management Inc. acquired a new stake in shares of Monro in the second quarter valued at approximately $160,000. Finally, US Bancorp DE raised its position in shares of Monro by 8.8% in the second quarter. US Bancorp DE now owns 2,202 shares of the auto parts company’s stock valued at $188,000 after buying an additional 178 shares in the last quarter.

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

A number of research firms have recently weighed in on MNRO. CIBC reiterated a “market perform” rating on shares of Monro in a research report on Thursday, July 11th. ValuEngine downgraded shares of Monro from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. BMO Capital Markets began 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. Zacks Investment Research downgraded shares of Monro from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, BidaskClub upgraded shares of Monro from a “hold” rating to a “buy” rating in a research report on Saturday. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Monro has an average rating of “Hold” and an average target price of $86.38.

NASDAQ MNRO opened at $80.73 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.28 and a debt-to-equity ratio of 0.81. Monro Inc has a 1-year low of $60.78 and a 1-year high of $89.72. The company has a 50 day moving average of $77.53 and a 200-day moving average of $81.28. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.30 and a beta of 0.78.

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

Monro 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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