Monro (NASDAQ:MNRO) Shares Gap Down to $25.96

Monro, Inc. (NASDAQ:MNRO - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $25.96, but opened at $23.37. Monro shares last traded at $24.78, with a volume of 591,664 shares.

Monro Stock Performance

The stock's 50 day moving average is $28.93 and its two-hundred day moving average is $29.88. The firm has a market capitalization of $684.41 million, a P/E ratio of 21.39, a P/E/G ratio of 1.05 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.56 and a quick ratio of 0.23.

Institutional Investors Weigh In On Monro

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Monro by 1.7% during the third quarter. Vanguard Group Inc. now owns 3,652,573 shares of the auto parts company's stock worth $101,432,000 after buying an additional 61,236 shares during the last quarter. Wellington Management Group LLP boosted its stake in Monro by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 1,335,544 shares of the auto parts company's stock worth $39,185,000 after acquiring an additional 62,148 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Monro by 63.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,168,504 shares of the auto parts company's stock valued at $34,284,000 after purchasing an additional 453,980 shares during the period. William Blair Investment Management LLC increased its stake in Monro by 24.1% in the first quarter. William Blair Investment Management LLC now owns 1,008,786 shares of the auto parts company's stock valued at $31,817,000 after purchasing an additional 195,955 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Monro by 0.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 730,809 shares of the auto parts company's stock worth $21,442,000 after purchasing an additional 3,156 shares during the period.

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.