Insider Buying: Monro Muffler Brake (NASDAQ:MNRO) CEO Acquires $250,920.00 in Stock

Monro Muffler Brake, Inc. (NASDAQ:MNRO) CEO Peter Fitzsimmons purchased 12,750 shares of Monro Muffler Brake stock in a transaction on Thursday, February 5th. The stock was bought at an average cost of $19.68 per share, with a total value of $250,920.00. Following the transaction, the chief executive officer directly owned 112,033 shares of the company’s stock, valued at approximately $2,204,809.44. The trade was a 12.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Monro Muffler Brake Stock Up 8.7%

Shares of MNRO stock opened at $23.17 on Thursday. The stock’s 50 day simple moving average is $20.42 and its 200 day simple moving average is $18.27. Monro Muffler Brake, Inc. has a twelve month low of $12.19 and a twelve month high of $23.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.15 and a current ratio of 0.45. The company has a market capitalization of $695.56 million, a price-to-earnings ratio of -49.30, a PEG ratio of 2.58 and a beta of 1.03.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Monro Muffler Brake had a positive return on equity of 2.69% and a negative net margin of 1.06%.The firm had revenue of $293.39 million during the quarter, compared to analysts’ expectations of $295.19 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. As a group, research analysts predict that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, December 2nd. Monro Muffler Brake’s dividend payout ratio is -238.30%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank boosted its holdings in Monro Muffler Brake by 61.5% during the fourth quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 760 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Monro Muffler Brake by 181.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock worth $132,000 after buying an additional 4,717 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Monro Muffler Brake in the 2nd quarter valued at $221,000. TradeLink Capital LLC bought a new stake in Monro Muffler Brake in the third quarter valued at $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MNRO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Thursday, January 22nd. 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 report 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, January 18th. Finally, Oppenheimer upgraded shares of Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Monro Muffler Brake presently has a consensus rating of “Hold” and an average target price of $23.25.

Monro Muffler Brake Company 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.