Monro Inc (MNRO) Stake Lifted by Eagle Boston Investment Management Inc.

Eagle Boston Investment Management Inc. lifted its holdings in Monro Inc (NASDAQ:MNRO) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,220 shares of the auto parts company’s stock after purchasing an additional 14,484 shares during the quarter. Monro accounts for about 1.2% of Eagle Boston Investment Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Eagle Boston Investment Management Inc. owned 0.63% of Monro worth $11,801,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Monro by 3.8% in the second quarter. Northern Trust Corp now owns 524,899 shares of the auto parts company’s stock worth $21,913,000 after purchasing an additional 19,303 shares during the last quarter. Donald L. Hagan LLC purchased a new position in shares of Monro in the fourth quarter worth $639,000. Legato Capital Management LLC raised its stake in shares of Monro by 109.4% in the third quarter. Legato Capital Management LLC now owns 18,914 shares of the auto parts company’s stock worth $1,060,000 after purchasing an additional 9,883 shares during the last quarter. State Street Corp raised its stake in shares of Monro by 5.3% in the second quarter. State Street Corp now owns 890,786 shares of the auto parts company’s stock worth $37,189,000 after purchasing an additional 45,109 shares during the last quarter. Finally, FDx Advisors Inc. raised its stake in shares of Monro by 10.5% in the third quarter. FDx Advisors Inc. now owns 22,895 shares of the auto parts company’s stock worth $1,283,000 after purchasing an additional 2,179 shares during the last quarter.

In related news, Director Stephen C. Mccluski sold 10,000 shares of Monro stock in a transaction on Monday, February 5th. The stock was sold at an average price of $55.51, for a total value of $555,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.20% of the company’s stock.

Shares of Monro Inc (MNRO) opened at $53.40 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.06 and a debt-to-equity ratio of 0.62. Monro Inc has a fifty-two week low of $39.65 and a fifty-two week high of $64.15. The company has a market capitalization of $1,708.62, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.84 and a beta of 0.62.

Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $0.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Monro had a return on equity of 10.48% and a net margin of 5.13%. The company had revenue of $285.70 million during the quarter, compared to analyst estimates of $292.94 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. Monro’s revenue was down .9% compared to the same quarter last year. analysts forecast that Monro Inc will post 2.07 EPS for the current fiscal year.

Several research analysts have recently weighed in on MNRO shares. TheStreet upgraded Monro from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Oppenheimer set a $70.00 price target on Monro and gave the stock a “buy” rating in a research note on Tuesday, October 24th. BidaskClub raised Monro from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Zacks Investment Research raised Monro from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Wednesday, January 24th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Monro in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.33.

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Monro Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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