Monro, Inc. (NASDAQ:MNRO) Position Reduced by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 58.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,977 shares of the auto parts company's stock after selling 36,833 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.09% of Monro worth $645,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MNRO. Wealthfront Advisers LLC acquired a new stake in shares of Monro in the fourth quarter valued at approximately $52,000. KLP Kapitalforvaltning AS bought a new position in Monro in the 4th quarter worth approximately $156,000. Bleakley Financial Group LLC grew its holdings 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 buying an additional 1,506 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in Monro in the 4th quarter valued at approximately $263,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Monro in the 4th quarter valued at approximately $272,000.

Monro Price Performance

MNRO traded up $0.63 during trading on Friday, reaching $13.58. The stock had a trading volume of 1,063,210 shares, compared to its average volume of 694,601. The stock has a 50 day moving average of $14.80 and a two-hundred day moving average of $20.57. 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 market capitalization of $406.71 million, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. Monro, Inc. has a 1-year low of $12.20 and a 1-year high of $31.49.

Wall Street Analyst Weigh In

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

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.