Rhumbline Advisers Has $1.29 Million Stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Rhumbline Advisers trimmed its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,268 shares of the auto parts company’s stock after selling 2,927 shares during the period. Rhumbline Advisers owned 0.30% of Monro Muffler Brake worth $1,292,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Monro Muffler Brake by 964.8% in the first quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company’s stock valued at $28,000 after buying an additional 1,756 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Monro Muffler Brake in the 4th quarter valued at $52,000. Quarry LP grew its holdings in Monro Muffler Brake by 84.5% in the 4th quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock valued at $122,000 after buying an additional 2,252 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Monro Muffler Brake during the 4th quarter worth $156,000. Finally, GAMMA Investing LLC increased its position in Monro Muffler Brake by 1,276.7% during the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company’s stock worth $98,000 after buying an additional 6,307 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MNRO shares. Wedbush lowered their price target on shares of Monro Muffler Brake from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Wall Street Zen lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st. Wells Fargo & Company raised their target price on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Finally, Stephens upgraded shares of Monro Muffler Brake from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th.

Monro Muffler Brake Price Performance

MNRO stock opened at $14.11 on Thursday. The company’s 50-day moving average price is $14.29 and its two-hundred day moving average price is $18.34. Monro Muffler Brake, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49. The company has a quick ratio of 0.18, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The firm has a market cap of $422.88 million, a P/E ratio of -70.55, a P/E/G ratio of 1.30 and a beta of 0.98.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). Monro Muffler Brake had a negative net margin of 0.43% and a positive return on equity of 2.43%. The firm had revenue of $294.99 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period last year, the business earned $0.21 earnings per share. The business’s revenue was down 4.9% compared to the same quarter last year. On average, analysts anticipate that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.94%. Monro Muffler Brake’s dividend payout ratio (DPR) is currently -560.00%.

Monro Muffler Brake 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.