Deutsche Bank AG Buys 51,772 Shares of Monro, Inc. (NASDAQ:MNRO)

Deutsche Bank AG increased its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 253.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,170 shares of the auto parts company’s stock after purchasing an additional 51,772 shares during the period. Deutsche Bank AG owned 0.24% of Monro worth $1,790,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Monro during the 4th quarter worth approximately $3,327,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Monro during the fourth quarter worth about $1,207,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Monro by 51.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 92,558 shares of the auto parts company’s stock worth $2,295,000 after acquiring an additional 31,340 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Monro by 68.3% during the 4th quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company’s stock valued at $3,787,000 after acquiring an additional 61,988 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Monro by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 17,534 shares of the auto parts company’s stock worth $435,000 after buying an additional 3,819 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MNRO shares. Wells Fargo & Company reduced their target price on Monro from $20.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Stephens upgraded shares of Monro from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $21.00 to $18.00 in a report on Friday, April 4th. Finally, Wedbush lowered their price target on Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st.

Monro Stock Down 1.1%

MNRO stock opened at $12.66 on Friday. Monro, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. The company has a market cap of $379.15 million, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. The company has a fifty day moving average price of $14.41 and a 200 day moving average price of $19.98.

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.