Deutsche Bank AG Boosts Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Deutsche Bank AG boosted its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 253.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,170 shares of the auto parts company's stock after purchasing an additional 51,772 shares during the period. Deutsche Bank AG owned about 0.24% of Monro worth $1,790,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MNRO. Wealthfront Advisers LLC bought a new position in Monro during the fourth quarter worth $52,000. Quarry LP grew 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 acquiring an additional 2,252 shares during the period. KLP Kapitalforvaltning AS bought a new position in Monro during the fourth quarter worth about $156,000. Bleakley Financial Group LLC boosted its holdings in shares of Monro by 17.9% in the fourth 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 period. Finally, Semanteon Capital Management LP bought a new position in shares of Monro in the fourth quarter valued at approximately $263,000.

Analysts Set New Price Targets

Several research firms have weighed in on MNRO. Wells Fargo & Company lowered 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 note on Monday, April 28th. Stephens raised shares of Monro from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush cut their price target on Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st.

Monro Stock Up 28.8%

Shares of NASDAQ MNRO traded up $3.68 during trading hours on Wednesday, hitting $16.45. 2,885,383 shares of the stock were exchanged, compared to its average volume of 704,682. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $14.23 and a 200-day moving average price of $19.68. Monro, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49. The company has a market cap of $492.51 million, a PE ratio of 25.74, a PEG ratio of 2.05 and a beta of 0.95.

Monro (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). The firm had revenue of $294.99 million during the quarter, compared to analyst estimates of $288.60 million. Monro had a return on equity of 3.76% and a net margin of 1.64%. The business's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, sell-side analysts expect that Monro, Inc. will post 0.63 EPS for the current year.

About Monro

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.