Rhumbline Advisers Lowers Stake in Monro Muffler Brake, Inc. $MNRO

Rhumbline Advisers reduced its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 3.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 89,268 shares of the auto parts company’s stock after selling 2,927 shares during the period. Rhumbline Advisers owned approximately 0.30% of Monro Muffler Brake worth $1,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised 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 valued at $28,000 after purchasing an additional 1,756 shares in the last quarter. CWM LLC increased its position in shares of Monro Muffler Brake by 132.3% during the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 1,747 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Monro Muffler Brake during the 1st quarter valued at about $65,000. GAMMA Investing LLC raised 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 buying an additional 6,307 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Monro Muffler Brake by 640.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company’s stock worth $118,000 after buying an additional 7,076 shares during the last quarter.

Monro Muffler Brake Price Performance

Shares of NASDAQ MNRO opened at $18.07 on Friday. Monro Muffler Brake, Inc. has a 1 year low of $12.19 and a 1 year high of $30.18. The stock has a market capitalization of $541.74 million, a P/E ratio of -26.97, a P/E/G ratio of 1.67 and a beta of 1.09. The company’s 50-day moving average is $16.21 and its 200 day moving average is $15.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.50 and a quick ratio of 0.16.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.The business had revenue of $301.04 million for the quarter, compared to analysts’ expectations of $295.05 million. During the same period in the previous year, the firm posted $0.22 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, August 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, August 26th. Monro Muffler Brake’s dividend payout ratio is presently -167.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MNRO shares. Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company cut their price objective 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.