Brown Advisory Inc. Sells 39,571 Shares of Monro, Inc. (NASDAQ:MNRO)

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

A number of other hedge funds have also recently added to or reduced their stakes in the stock. D.B. Root & Company LLC boosted its stake in shares of Monro by 8.7% in the 4th quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company's stock valued at $384,000 after purchasing an additional 1,233 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Monro by 14.3% during the 4th quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock valued at $404,000 after purchasing an additional 2,042 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Monro during the 4th quarter valued at $28,899,000. Bleakley Financial Group LLC grew its stake in shares of Monro by 17.9% in the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock valued at $246,000 after buying an additional 1,506 shares during the period. Finally, Empowered Funds LLC acquired a new position in Monro during the 4th quarter worth approximately $3,327,000.

Monro Stock Performance

Monro stock traded down $0.54 during midday trading on Friday, reaching $12.22. The stock had a trading volume of 926,328 shares, compared to its average volume of 686,291. The firm has a market capitalization of $365.98 million, a PE ratio of 19.09, a P/E/G ratio of 2.05 and a beta of 0.95. 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's 50-day moving average price is $15.11 and its 200 day moving average price is $20.97. Monro, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49.

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 given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 9.17%. Monro's dividend payout ratio is currently 175.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stephens upgraded Monro from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $21.00 to $18.00 in a report on Friday, April 4th. Wells Fargo & Company decreased their price objective on Monro from $20.00 to $15.00 and set an "equal weight" rating for the company 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 for the company in a report on Tuesday, April 1st.

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.