Bleakley Financial Group LLC Purchases 14,199 Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Bleakley Financial Group LLC raised its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 142.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,138 shares of the auto parts company’s stock after acquiring an additional 14,199 shares during the period. Bleakley Financial Group LLC owned about 0.08% of Monro Muffler Brake worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MNRO. Versant Capital Management Inc grew its holdings in Monro Muffler Brake by 964.8% during the 1st quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 1,756 shares during the period. CWM LLC raised its stake in shares of Monro Muffler Brake by 132.3% during the first quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 1,747 shares during the last quarter. Quarry LP raised its stake in Monro Muffler Brake by 84.5% in the fourth quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock worth $122,000 after buying an additional 2,252 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Monro Muffler Brake in the fourth quarter worth approximately $156,000. Finally, GAMMA Investing LLC raised its position in shares of Monro Muffler Brake by 1,276.7% during the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company’s stock valued at $98,000 after purchasing an additional 6,307 shares during the period.

Monro Muffler Brake Stock Performance

Shares of MNRO opened at $14.88 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.18 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $445.95 million, a price-to-earnings ratio of -74.40, a PEG ratio of 1.34 and a beta of 0.97. The stock has a 50 day moving average of $14.79 and a 200 day moving average of $16.76. Monro Muffler Brake, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). Monro Muffler Brake had a positive return on equity of 2.43% and a negative net margin of 0.43%. The firm had revenue of $294.99 million for the quarter, compared to the consensus estimate of $288.60 million. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 7.53%. Monro Muffler Brake’s dividend payout ratio is currently -560.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stephens raised shares of Monro Muffler Brake from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Wedbush dropped their price objective on shares of Monro Muffler Brake from $27.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Wall Street Zen raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Wells Fargo & Company upped their price objective on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th.

Monro Muffler Brake Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.