SG Americas Securities LLC Has $2.49 Million Stock Holdings in Monro Muffler Brake, Inc. $MNRO

SG Americas Securities LLC increased its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 138.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,222 shares of the auto parts company’s stock after buying an additional 72,204 shares during the period. SG Americas Securities LLC owned 0.41% of Monro Muffler Brake worth $2,489,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. raised its stake in shares of Monro Muffler Brake by 143.6% in the third quarter. 1620 Investment Advisors Inc. now owns 50,431 shares of the auto parts company’s stock worth $906,000 after acquiring an additional 29,731 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Monro Muffler Brake during the third quarter valued at approximately $504,000. Goldman Sachs Group Inc. increased its holdings in shares of Monro Muffler Brake by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock valued at $9,956,000 after purchasing an additional 68,862 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Monro Muffler Brake by 5.6% in the first quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock valued at $2,049,000 after purchasing an additional 7,464 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Monro Muffler Brake by 85.2% in the 1st quarter. Jane Street Group LLC now owns 79,839 shares of the auto parts company’s stock worth $1,155,000 after purchasing an additional 36,734 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on MNRO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Thursday, January 22nd. Wall Street Zen upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. Finally, Oppenheimer upgraded Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Monro Muffler Brake currently has an average rating of “Hold” and a consensus target price of $28.00.

Insider Buying and Selling

In related news, CEO Peter D. Fitzsimmons bought 12,750 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were purchased at an average price of $19.68 per share, with a total value of $250,920.00. Following the completion of the purchase, the chief executive officer owned 112,033 shares of the company’s stock, valued at $2,204,809.44. This represents a 12.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Monro Muffler Brake Stock Performance

Shares of NASDAQ MNRO opened at $15.96 on Friday. Monro Muffler Brake, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $23.91. The firm has a market capitalization of $479.12 million, a P/E ratio of -33.96, a P/E/G ratio of 1.56 and a beta of 1.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.45 and a quick ratio of 0.15. The company’s 50 day simple moving average is $18.99 and its 200 day simple moving average is $18.87.

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

Monro Muffler Brake Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Tuesday, February 24th. Monro Muffler Brake’s dividend payout ratio is currently -238.30%.

About Monro Muffler Brake

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.