Brown Advisory Inc. Has $17.30 Million Stock Position in Monro, Inc. (NASDAQ:MNRO)

Brown Advisory Inc. cut its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 697,376 shares of the auto parts company's stock after selling 39,571 shares during the quarter. Brown Advisory Inc. owned approximately 2.33% of Monro worth $17,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.B. Root & Company LLC boosted its holdings in Monro by 8.7% in 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 acquiring an additional 1,233 shares during the last quarter. Inspire Investing LLC boosted its holdings in Monro by 14.3% in the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock valued at $404,000 after acquiring an additional 2,042 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Monro during the fourth quarter worth approximately $28,899,000. Bleakley Financial Group LLC raised its stake in shares of 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 buying an additional 1,506 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Monro during the fourth quarter worth approximately $3,327,000.

Monro Trading Up 7.2%

MNRO traded up $0.88 during midday trading on Monday, reaching $13.10. 358,775 shares of the company were exchanged, compared to its average volume of 686,028. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49. The stock has a market capitalization of $392.18 million, a P/E ratio of 20.52, a PEG ratio of 2.05 and a beta of 0.95. The stock's 50-day simple moving average is $15.11 and its 200 day simple moving average is $20.88.

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date was Tuesday, February 25th. Monro's dividend payout ratio (DPR) is currently 175.00%.

Wall Street Analysts Forecast Growth

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

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.