D. E. Shaw & Co. Inc. Decreases Position in Monro, Inc. (NASDAQ:MNRO)

D. E. Shaw & Co. Inc. decreased its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 80.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,109 shares of the auto parts company's stock after selling 160,344 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.13% of Monro worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. raised its stake in shares of Monro by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company's stock valued at $1,382,000 after buying an additional 1,217 shares during the period. Bleakley Financial Group LLC increased its stake in Monro by 17.9% in the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after acquiring an additional 1,506 shares during the last quarter. Inspire Investing LLC increased its stake in Monro by 14.3% in the 4th quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock worth $404,000 after acquiring an additional 2,042 shares during the last quarter. Wealthfront Advisers LLC bought a new position in Monro in the 4th quarter worth about $52,000. Finally, Quarry LP increased its position in shares of Monro by 84.5% during the 4th quarter. Quarry LP now owns 4,918 shares of the auto parts company's stock valued at $122,000 after purchasing an additional 2,252 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Monro from $20.00 to $15.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush reduced their price objective on Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st.

Monro Price Performance

Shares of Monro stock traded up $0.11 during trading hours on Tuesday, hitting $12.77. The company's stock had a trading volume of 1,135,805 shares, compared to its average volume of 695,686. Monro, Inc. has a 12-month low of $12.20 and a 12-month high of $31.49. 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 business has a 50 day moving average price of $14.32 and a two-hundred day moving average price of $19.73. The company has a market cap of $382.45 million, a PE ratio of 19.95, a PEG ratio of 2.05 and a beta of 0.95.

Monro 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.