30,667 Shares in Monro, Inc. (NASDAQ:MNRO) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new position in shares of Monro, Inc. (NASDAQ:MNRO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,667 shares of the auto parts company’s stock, valued at approximately $761,000. Graham Capital Management L.P. owned 0.10% of Monro as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Wealthfront Advisers LLC purchased a new stake in shares of Monro during the fourth quarter worth $52,000. Quarry LP boosted its holdings in Monro by 84.5% in the fourth quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 2,252 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Monro during the 4th quarter worth $156,000. Bleakley Financial Group LLC increased its holdings in Monro by 17.9% during the 4th 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 during the period. Finally, Semanteon Capital Management LP acquired a new stake in Monro in the 4th quarter valued at about $263,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on MNRO. Wells Fargo & Company lowered their price objective on Monro from $20.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Wedbush lowered their price target 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, Stephens raised shares of Monro from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $21.00 to $18.00 in a research report on Friday, April 4th.

Monro Trading Up 1.6%

MNRO opened at $12.98 on Thursday. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49. The company has a market cap of $388.74 million, a P/E ratio of 20.28, a PEG ratio of 2.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The business’s 50-day simple moving average is $14.89 and its 200-day simple moving average is $20.67.

Monro 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.