BNP Paribas Financial Markets Increases Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

BNP Paribas Financial Markets boosted its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 83.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,540 shares of the auto parts company's stock after purchasing an additional 71,353 shares during the quarter. BNP Paribas Financial Markets owned about 0.52% of Monro worth $3,882,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. D.B. Root & Company LLC grew its holdings in shares of Monro by 8.7% during the fourth quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company's stock valued at $384,000 after buying an additional 1,233 shares during the last quarter. Inspire Investing LLC boosted its holdings in Monro by 14.3% during the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock worth $404,000 after purchasing an additional 2,042 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Monro during the fourth quarter worth about $28,899,000. Bleakley Financial Group LLC boosted its holdings in Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Monro during the fourth quarter worth about $3,327,000.

Monro Trading Up 1.3%

MNRO stock traded up $0.18 during mid-day trading on Tuesday, reaching $13.95. 127,986 shares of the stock traded hands, compared to its average volume of 695,462. The business has a 50-day moving average price of $14.70 and a two-hundred day moving average price of $20.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The stock has a market capitalization of $417.88 million, a PE ratio of 21.84, a PEG ratio of 2.05 and a beta of 0.95. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MNRO shares. Wedbush dropped their target price on shares of Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company dropped their price target on shares of Monro from $20.00 to $15.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, Stephens upgraded shares of Monro from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Friday, April 4th.

Monro Company Profile

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