SG Americas Securities LLC Acquires 29,603 Shares of Monro Muffler Brake, Inc. $MNRO

SG Americas Securities LLC increased its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 132.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,018 shares of the auto parts company’s stock after purchasing an additional 29,603 shares during the period. SG Americas Securities LLC owned approximately 0.17% of Monro Muffler Brake worth $935,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MNRO. GAMMA Investing LLC raised its holdings in Monro Muffler Brake by 453.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock worth $39,000 after buying an additional 2,131 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Monro Muffler Brake during the second quarter worth $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Monro Muffler Brake by 4.6% during 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 acquiring an additional 780 shares during the period. Royal Bank of Canada lifted its position in Monro Muffler Brake by 139.8% in the 1st quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after acquiring an additional 16,268 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in Monro Muffler Brake in the 1st quarter worth $559,000.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn purchased 639,473 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $15.19 per share, with a total value of $9,713,594.87. Following the completion of the transaction, the insider owned 4,439,914 shares of the company’s stock, valued at $67,442,293.66. The trade was a 16.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 1,278,132 shares of company stock worth $20,815,969 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MNRO. Wells Fargo & Company dropped their price target on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.67.

Monro Muffler Brake Price Performance

Shares of NASDAQ MNRO opened at $21.15 on Tuesday. The stock has a market capitalization of $634.92 million, a price-to-earnings ratio of -31.57, a PEG ratio of 2.56 and a beta of 1.01. The business has a 50-day moving average of $19.71 and a 200-day moving average of $17.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.48 and a quick ratio of 0.16. Monro Muffler Brake, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $22.45.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $288.91 million for the quarter, compared to analyst estimates of $299.04 million. Monro Muffler Brake had a positive return on equity of 2.77% and a negative net margin of 1.60%.Monro Muffler Brake’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 5.3%. Monro Muffler Brake’s dividend payout ratio (DPR) is currently -167.16%.

Monro Muffler Brake Profile

Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.