Nuveen LLC Acquires New Shares in Monro Muffler Brake, Inc. $MNRO

Nuveen LLC acquired a new stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 87,208 shares of the auto parts company’s stock, valued at approximately $1,262,000. Nuveen LLC owned approximately 0.29% of Monro Muffler Brake as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Invesco Ltd. boosted its stake in Monro Muffler Brake by 16.2% in the 1st quarter. Invesco Ltd. now owns 250,803 shares of the auto parts company’s stock worth $3,629,000 after purchasing an additional 34,952 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Monro Muffler Brake by 734.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 124,757 shares of the auto parts company’s stock worth $1,805,000 after purchasing an additional 109,800 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Monro Muffler Brake by 9.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 373,384 shares of the auto parts company’s stock worth $5,403,000 after purchasing an additional 32,666 shares during the period. TradeLink Capital LLC acquired a new position in Monro Muffler Brake in the 1st quarter worth $240,000. Finally, XTX Topco Ltd acquired a new position in Monro Muffler Brake in the 1st quarter worth $993,000.

Monro Muffler Brake Trading Down 2.5%

Monro Muffler Brake stock opened at $16.58 on Monday. The firm has a 50-day moving average of $15.61 and a 200-day moving average of $15.47. Monro Muffler Brake, Inc. has a one year low of $12.19 and a one year high of $30.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.50 and a quick ratio of 0.16. The company has a market cap of $497.07 million, a price-to-earnings ratio of -24.75, a P/E/G ratio of 1.51 and a beta of 1.09.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Monro Muffler Brake had a negative net margin of 1.59% and a positive return on equity of 2.49%. The company had revenue of $301.04 million during the quarter, compared to the consensus estimate of $295.05 million. During the same period in the prior year, the business posted $0.22 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, August 26th. Monro Muffler Brake’s dividend payout ratio is currently -167.16%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MNRO. Wall Street Zen raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Wells Fargo & Company reduced their target price on shares of Monro Muffler Brake from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.33.

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.