BNP Paribas Arbitrage SA lifted its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 51.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,060 shares of the auto parts company’s stock after buying an additional 3,428 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Monro Muffler Brake were worth $420,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of MNRO. BlackRock Inc. raised its holdings in shares of Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock worth $210,685,000 after buying an additional 4,041,179 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock worth $83,445,000 after buying an additional 581,973 shares during the period. BTIM Corp. purchased a new stake in shares of Monro Muffler Brake in the second quarter worth approximately $12,687,000. Citadel Advisors LLC raised its holdings in shares of Monro Muffler Brake by 586.2% in the first quarter. Citadel Advisors LLC now owns 329,035 shares of the auto parts company’s stock worth $17,143,000 after buying an additional 281,085 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Monro Muffler Brake by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock worth $157,528,000 after buying an additional 183,577 shares during the period.
Several brokerages have recently weighed in on MNRO. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a report on Tuesday, September 12th. BidaskClub raised Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $51.00 price objective (down previously from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. Stephens cut Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.33.
Monro Muffler Brake, Inc. (MNRO) opened at 50.75 on Friday. Monro Muffler Brake, Inc. has a 52 week low of $39.65 and a 52 week high of $62.07. The company has a market cap of $1.66 billion, a PE ratio of 27.02 and a beta of 0.71. The company has a 50-day moving average price of $47.24 and a 200 day moving average price of $49.13.
Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, equities research analysts forecast that Monro Muffler Brake, Inc. will post $2.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Monday, August 28th were given a $0.18 dividend. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. Monro Muffler Brake’s payout ratio is presently 38.30%.
In other news, President Brett Ponton bought 5,193 shares of the business’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of $47.93 per share, with a total value of $248,900.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Mccluski acquired 1,200 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were bought at an average cost of $46.45 per share, for a total transaction of $55,740.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 6,893 shares of company stock worth $328,155 and sold 244,064 shares worth $11,438,709. 6.20% of the stock is owned by insiders.
Monro Muffler Brake Company Profile
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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