Monro, Inc. (NASDAQ:MNRO) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 100.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,432 shares of the auto parts company's stock after purchasing an additional 63,506 shares during the quarter. Monro makes up 0.3% of GSA Capital Partners LLP's holdings, making the stock its 16th biggest position. GSA Capital Partners LLP owned about 0.42% of Monro worth $3,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Millennium Management LLC boosted its stake in Monro by 3,587.8% during the 2nd quarter. Millennium Management LLC now owns 1,139,183 shares of the auto parts company's stock worth $27,181,000 after purchasing an additional 1,108,292 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Monro by 24.1% during the 1st quarter. William Blair Investment Management LLC now owns 1,008,786 shares of the auto parts company's stock worth $31,817,000 after purchasing an additional 195,955 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Monro in the first quarter valued at approximately $4,494,000. Invenomic Capital Management LP purchased a new stake in shares of Monro in the first quarter valued at approximately $4,348,000. Finally, Maverick Capital Ltd. lifted its position in Monro by 720.3% during the second quarter. Maverick Capital Ltd. now owns 121,354 shares of the auto parts company's stock worth $2,896,000 after buying an additional 106,560 shares in the last quarter.

Monro Trading Down 0.3 %

Shares of Monro stock traded down $0.10 during mid-day trading on Tuesday, hitting $29.68. The stock had a trading volume of 427,423 shares, compared to its average volume of 522,895. The firm has a 50-day moving average of $27.34 and a two-hundred day moving average of $26.04. The firm has a market cap of $888.89 million, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. Monro, Inc. has a 12-month low of $21.00 and a 12-month high of $33.98.

Monro (NASDAQ:MNRO - Get Free Report) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a return on equity of 4.77% and a net margin of 2.24%. The business had revenue of $301.39 million for the quarter, compared to analyst estimates of $300.06 million. During the same period last year, the business earned $0.41 EPS. Monro's revenue was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that Monro, Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stephens initiated coverage on Monro in a report on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 target price for the company.

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.