TradeLink Capital LLC Invests $240,000 in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

TradeLink Capital LLC acquired a new position in Monro Muffler Brake, Inc. (NASDAQ:MNRO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,578 shares of the auto parts company’s stock, valued at approximately $240,000. Monro Muffler Brake comprises approximately 1.5% of TradeLink Capital LLC’s portfolio, making the stock its 23rd largest position. TradeLink Capital LLC owned approximately 0.06% of Monro Muffler Brake at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its position in 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 worth $28,000 after acquiring an additional 1,756 shares during the last quarter. CWM LLC grew its holdings in shares of Monro Muffler Brake by 132.3% during the first quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 1,747 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Monro Muffler Brake by 1,276.7% in the first quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company’s stock valued at $98,000 after buying an additional 6,307 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Monro Muffler Brake by 640.9% in the first quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company’s stock valued at $118,000 after buying an additional 7,076 shares during the last quarter. Finally, Quarry LP lifted its position in Monro Muffler Brake by 84.5% during the 4th quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock worth $122,000 after buying an additional 2,252 shares in the last quarter.

Wall Street Analyst Weigh In

MNRO has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Sunday, July 20th. Wells Fargo & Company lifted their price objective on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Finally, Stephens upgraded shares of Monro Muffler Brake from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $21.00 to $18.00 in a report on Friday, April 4th.

Monro Muffler Brake Stock Down 19.9%

Shares of Monro Muffler Brake stock opened at $13.07 on Thursday. The company has a market capitalization of $391.71 million, a P/E ratio of -65.35, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.18. The business has a 50-day moving average of $15.24 and a two-hundred day moving average of $16.27. Monro Muffler Brake, Inc. has a 1 year low of $12.19 and a 1 year high of $31.49.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. 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 $301.04 million during the quarter, compared to analysts’ expectations of $295.05 million. During the same period in the prior year, the business earned $0.22 EPS. Monro Muffler Brake’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were given a $0.28 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $1.12 annualized dividend and a yield of 8.57%. Monro Muffler Brake’s dividend payout ratio 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.