SG Americas Securities LLC Acquires Shares of 47,026 Monro Muffler Brake, Inc. (NASDAQ:MNRO)

SG Americas Securities LLC purchased a new position in Monro Muffler Brake, Inc. (NASDAQ:MNRO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 47,026 shares of the auto parts company’s stock, valued at approximately $680,000. SG Americas Securities LLC owned approximately 0.16% of Monro Muffler Brake as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Monro Muffler Brake by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,995 shares of the auto parts company’s stock worth $421,000 after purchasing an additional 577 shares in the last quarter. Federated Hermes Inc. grew its position in Monro Muffler Brake by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company’s stock worth $1,382,000 after acquiring an additional 1,217 shares in the last quarter. Versant Capital Management Inc grew its position in 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 worth $28,000 after acquiring an additional 1,756 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Monro Muffler Brake in the fourth quarter worth about $52,000. Finally, Quarry LP raised its stake in shares of Monro Muffler Brake by 84.5% during the fourth quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 2,252 shares in the last quarter.

Monro Muffler Brake Stock Performance

Shares of MNRO stock opened at $14.29 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. Monro Muffler Brake, Inc. has a 52 week low of $12.20 and a 52 week high of $31.49. The stock has a market capitalization of $428.26 million, a PE ratio of -71.45, a P/E/G ratio of 1.27 and a beta of 0.98. The firm has a 50 day moving average of $14.26 and a two-hundred day moving average of $18.15.

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

Monro Muffler Brake Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a $0.28 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 7.84%. Monro Muffler Brake’s dividend payout ratio is presently -560.00%.

Analyst Upgrades and Downgrades

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

Monro Muffler Brake 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.