Monro Muffler Brake, Inc. $MNRO Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 453.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,601 shares of the auto parts company’s stock after purchasing an additional 2,131 shares during the period. GAMMA Investing LLC’s holdings in Monro Muffler Brake were worth $39,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its holdings in Monro Muffler Brake by 2.0% in the first quarter. SummerHaven Investment Management LLC now owns 36,443 shares of the auto parts company’s stock worth $527,000 after purchasing an additional 732 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Monro Muffler Brake by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 780 shares in the last quarter. AlphaQuest LLC boosted its holdings in Monro Muffler Brake by 9.0% in the first quarter. AlphaQuest LLC now owns 13,727 shares of the auto parts company’s stock worth $199,000 after purchasing an additional 1,128 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Monro Muffler Brake by 13.3% in the first quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company’s stock worth $148,000 after purchasing an additional 1,203 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in Monro Muffler Brake by 8.8% in the first quarter. Rafferty Asset Management LLC now owns 16,398 shares of the auto parts company’s stock worth $237,000 after purchasing an additional 1,327 shares in the last quarter.

Monro Muffler Brake Price Performance

Shares of Monro Muffler Brake stock opened at $18.53 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $555.53 million, a price-to-earnings ratio of -27.66, a P/E/G ratio of 1.86 and a beta of 1.08. Monro Muffler Brake, Inc. has a 1-year low of $12.19 and a 1-year high of $30.18. The firm’s 50-day moving average price is $16.77 and its two-hundred day moving average price is $15.50.

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

Monro Muffler Brake Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, August 26th. Monro Muffler Brake’s dividend payout ratio is -167.16%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MNRO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a report on Saturday, September 27th. Wells Fargo & Company decreased 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 report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Monro Muffler Brake presently has a consensus rating of “Hold” and an average price target of $17.33.

Monro Muffler Brake 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.