Monro, Inc. (MNRO) Has Head & Shoulders Pattern Trading At $53.75

April 16, 2018 - By Jane Lemasters

Monro, Inc. (NASDAQ:MNRO) Corporate Logo

During Q4 2017 the big money sentiment increased to 1.43. That’s change of 0.01, from 2017Q3’s 1.42. 17 investors sold all, 51 reduced holdings as Monro, Inc. ratio improved. 64 increased stakes while 33 funds bought stakes. Funds hold 35.34 million shares thus 0.96% less from 2017Q3’s 35.68 million shares.
Art Advisors Ltd Company, a New York-based fund reported 15,200 shs. Grandeur Peak Advisors Limited Co reported 173,775 shs or 1.29% of all its holdings. Timessquare Capital Mgmt Ltd Limited Liability Company reported 973,709 shs or 0.36% of all its holdings. Pnc Gru invested in 0% or 1,464 shs. Ameritas Investment Prtnrs Incorporated, a Nebraska-based fund reported 2,712 shs. Johnson Invest Counsel stated it has 45,718 shs. Comml Bank Of Mellon holds 509,440 shs. New York State Common Retirement Fund owns 55,884 shs or 0% of their US capital. Thrivent For Lutherans reported 0% in Monro, Inc. (NASDAQ:MNRO). Schwab Charles Inv Management has 212,144 shs. Eulav Asset reported 0.24% of its capital in Monro, Inc. (NASDAQ:MNRO). Legal General Public Limited Company reported 0% in Monro, Inc. (NASDAQ:MNRO). Oppenheimer Asset Mgmt has 6,689 shs. Moreover, Pacific Global Inv has 0.06% invested in Monro, Inc. (NASDAQ:MNRO). Manufacturers Life Insur The reported 24,194 shs or 0% of all its holdings.

Monro, Inc. registered $708,100 net activity with 0 insider buys and 2 selling transactions since February 5, 2018. On Monday, February 5 $555,100 worth of Monro, Inc. (NASDAQ:MNRO) was sold by MCCLUSKI STEPHEN C.

H&S was formed by Monro, Inc. (MNRO). It has $51.06 [Target] or $53.75 stock price. $1.76B company has high risk because of the 6 months technical pattern. Faxor.com reported it on Apr, 16. If our $51.06 PT is reached MNRO’s valuation can change by $88.15M.

Its shares touched $53.75 on during the last trading session after 5.45% change.Monro, Inc. has 659,708 shares volume, 120.80% up from normal. MNRO is downtrending and has moved 0.29% since April 16, 2017. MNRO underperformed by 11.84% the S&P500.

Analysts await Monro, Inc. (NASDAQ:MNRO) to report earnings on May, 17. They expect $0.49 EPS, up 68.97 % or $0.20 from last year’s $0.29 per share. MNRO’s profit will be $16.07M for 27.42 P/E if the $0.49 EPS becomes a reality. After $0.50 actual EPS reported by Monro, Inc. for the previous quarter, Wall Street now forecasts -2.00 % negative EPS growth.

Monro, Inc. (NASDAQ:MNRO) Ratings Coverage

In total 4 analysts cover Monro Muffler (NASDAQ:MNRO). “Buy” rating has 0, “Sell” are 0, while 4 are “Hold”. 0 are bullish. 4 are the (NASDAQ:MNRO)’s analyst reports since October 24, 2017 according to StockzIntelligence Inc. On Tuesday, October 24 KeyBanc Capital Markets maintained Monro, Inc. (NASDAQ:MNRO) with “Hold” rating. On Tuesday, January 30 the firm earned “Hold” rating by Jefferies. On Friday, January 26 the firm earned “Hold” rating by Stephens.

Monro, Inc. (NASDAQ:MNRO) Institutional Investors Chart

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