14,224 Shares in Monro, Inc. (NASDAQ:MNRO) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new position in Monro, Inc. (NASDAQ:MNRO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,224 shares of the auto parts company’s stock, valued at approximately $353,000.

Several other hedge funds have also recently added to or reduced their stakes in MNRO. Wealthfront Advisers LLC acquired a new position in Monro in the fourth quarter worth about $52,000. Quarry LP raised its position in Monro by 84.5% in the fourth quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 2,252 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Monro in the fourth quarter worth about $156,000. ProShare Advisors LLC acquired a new position in Monro in the fourth quarter worth about $223,000. Finally, Bleakley Financial Group LLC raised its position in Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 1,506 shares in the last quarter.

Monro Price Performance

Shares of Monro stock opened at $13.58 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $406.71 million, a price-to-earnings ratio of 21.22, a P/E/G 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. The firm’s 50-day moving average price is $14.75 and its two-hundred day moving average price is $20.38.

Analyst Ratings Changes

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

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.