Dimensional Fund Advisors LP Has $37.04 Million Stake in Monro Muffler Brake, Inc. (MNRO)

Dimensional Fund Advisors LP increased its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 24.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 887,263 shares of the auto parts company’s stock after buying an additional 172,725 shares during the quarter. Dimensional Fund Advisors LP owned about 2.67% of Monro Muffler Brake worth $37,043,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MNRO. Forward Management LLC raised its position in shares of Monro Muffler Brake by 9.5% during the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after buying an additional 231 shares during the period. Victory Capital Management Inc. raised its position in shares of Monro Muffler Brake by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock valued at $126,000 after buying an additional 452 shares during the period. Capital Analysts LLC raised its position in shares of Monro Muffler Brake by 18.5% during the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock valued at $178,000 after buying an additional 665 shares during the period. Stephens Inc. AR raised its position in shares of Monro Muffler Brake by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock valued at $205,000 after buying an additional 45 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Monro Muffler Brake during the 1st quarter valued at approximately $221,000.

Shares of Monro Muffler Brake, Inc. (NASDAQ MNRO) opened at 49.55 on Friday. Monro Muffler Brake, Inc. has a 12-month low of $39.65 and a 12-month high of $61.75. The firm has a market cap of $1.62 billion, a P/E ratio of 26.38 and a beta of 0.73. The company has a 50-day moving average of $52.59 and a 200 day moving average of $48.99.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. Monro Muffler Brake’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Equities research analysts anticipate that Monro Muffler Brake, Inc. will post $2.02 earnings per share for the current fiscal year.

Several analysts have recently commented on MNRO shares. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Monro Muffler Brake in a report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. TheStreet upgraded shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a report on Monday, October 2nd. Finally, Oppenheimer Holdings, Inc. set a $70.00 target price on shares of Monro Muffler Brake and gave the company a “buy” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $63.33.

In other Monro Muffler Brake news, President Brett Ponton bought 5,193 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $47.93 per share, with a total value of $248,900.49. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Craig L. Hoyle sold 2,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $48.02, for a total transaction of $96,040.00. Following the completion of the transaction, the vice president now directly owns 58,000 shares in the company, valued at approximately $2,785,160. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

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About Monro Muffler Brake

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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Institutional Ownership by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

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