Principal Financial Group Inc. Has $2.16 Million Holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Principal Financial Group Inc. boosted its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,133 shares of the auto parts company’s stock after buying an additional 3,911 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of Monro Muffler Brake worth $2,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in Monro Muffler Brake by 964.8% during the first quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company’s stock worth $28,000 after buying an additional 1,756 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Monro Muffler Brake by 1,276.7% during the first quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company’s stock worth $98,000 after acquiring an additional 6,307 shares during the period. Quarry LP boosted its holdings 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 worth $122,000 after acquiring an additional 2,252 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Monro Muffler Brake during the fourth quarter worth approximately $156,000. Finally, ProShare Advisors LLC bought a new stake in shares of Monro Muffler Brake during the fourth quarter worth approximately $223,000.

Wall Street Analysts Forecast Growth

MNRO has been the subject of a number of research analyst reports. Wall Street Zen upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Wedbush reduced their price objective on Monro Muffler Brake from $27.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company boosted their price objective on 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 Monro Muffler Brake from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $21.00 to $18.00 in a report on Friday, April 4th.

Monro Muffler Brake Trading Down 2.8%

Shares of MNRO stock opened at $14.46 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.18 and a debt-to-equity ratio of 0.45. The stock has a market cap of $433.37 million, a P/E ratio of -72.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.97. The stock has a 50 day simple moving average of $14.84 and a 200 day simple moving average of $16.69. Monro Muffler Brake, Inc. has a 1 year low of $12.20 and a 1 year high of $31.49.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results 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 company had revenue of $294.99 million for the quarter, compared to analyst estimates of $288.60 million. Monro Muffler Brake had a positive return on equity of 2.43% and a negative net margin of 0.43%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. On average, research analysts predict that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given 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 yield of 7.75%. 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.