Janney Montgomery Scott LLC Acquires New Shares in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Janney Montgomery Scott LLC acquired a new stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 24,799 shares of the auto parts company’s stock, valued at approximately $359,000. Janney Montgomery Scott LLC owned approximately 0.08% of Monro Muffler Brake as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MNRO. Versant Capital Management Inc boosted its holdings in shares of Monro Muffler Brake by 964.8% during the 1st quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 1,756 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Monro Muffler Brake during the 4th quarter valued at $52,000. GAMMA Investing LLC boosted its holdings in shares of 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 valued at $98,000 after acquiring an additional 6,307 shares in the last quarter. Quarry LP boosted its holdings in shares of Monro Muffler Brake by 84.5% during the 4th 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. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Monro Muffler Brake during the 4th quarter valued at $156,000.

Monro Muffler Brake Stock Down 0.6%

Shares of NASDAQ:MNRO opened at $16.55 on Friday. The firm has a market cap of $495.88 million, a P/E ratio of -82.73, a P/E/G ratio of 1.50 and a beta of 0.97. 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 12-month low of $12.20 and a 12-month high of $31.49. The business has a fifty day simple moving average of $14.46 and a 200 day simple moving average of $17.34.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). Monro Muffler Brake had a positive return on equity of 2.43% and a negative net margin of 0.43%. The business 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 posted $0.21 earnings per share. The business’s revenue was down 4.9% on a year-over-year basis. Analysts predict that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend was Tuesday, June 3rd. Monro Muffler Brake’s dividend payout ratio (DPR) is presently -560.00%.

Analyst Ratings Changes

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

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.