Principal Financial Group Inc. Has $4.07 Million Position in Monro, Inc. (NASDAQ:MNRO)

Principal Financial Group Inc. trimmed its position in shares of Monro, Inc. (NASDAQ:MNRO) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,053 shares of the auto parts company’s stock after selling 6,445 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Monro worth $4,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in Monro by 99.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 523 shares during the last quarter. Innealta Capital LLC bought a new stake in Monro during the 2nd quarter worth about $38,000. Quarry LP raised its position in Monro by 361.0% during the second quarter. Quarry LP now owns 2,047 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 1,603 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in Monro by 33.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock valued at $100,000 after purchasing an additional 802 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Monro during the 1st quarter worth $203,000.

Analyst Ratings Changes

Separately, Stephens began coverage on shares of Monro in a report on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price target for the company.

Monro Price Performance

Monro stock opened at $26.73 on Friday. The stock has a 50-day moving average price of $27.82 and a two-hundred day moving average price of $26.12. The company has a market capitalization of $800.56 million, a PE ratio of 30.77, a P/E/G ratio of 2.25 and a beta of 1.11. Monro, Inc. has a 12 month low of $21.00 and a 12 month high of $33.98. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47.

Monro (NASDAQ:MNRO) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The company had revenue of $301.39 million during the quarter, compared to the consensus estimate of $300.06 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. Analysts expect that Monro, Inc. will post 0.83 EPS for the current year.

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.