Royce & Associates LP lessened its stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO – Free Report) by 31.9% in the first quarter, HoldingsChannel.com reports. The firm owned 26,157 shares of the auto parts company’s stock after selling 12,246 shares during the quarter. Royce & Associates LP’s holdings in Monro Muffler Brake were worth $378,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Cooper Creek Partners Management LLC increased its holdings in Monro Muffler Brake by 66.4% during the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company’s stock valued at $23,046,000 after acquiring an additional 370,960 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Monro Muffler Brake by 34.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company’s stock valued at $29,594,000 after acquiring an additional 302,515 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Monro Muffler Brake by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company’s stock valued at $39,957,000 after acquiring an additional 253,518 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Monro Muffler Brake during the 4th quarter valued at about $5,671,000. Finally, Trexquant Investment LP purchased a new position in Monro Muffler Brake during the 4th quarter valued at about $3,561,000.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on MNRO shares. Wall Street Zen downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Sunday, July 20th. Wedbush dropped their target price on shares of Monro Muffler Brake from $27.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company raised their target price 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. Finally, Stephens upgraded shares of Monro Muffler Brake from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $21.00 to $18.00 in a report on Friday, April 4th.
Monro Muffler Brake Price Performance
MNRO opened at $16.32 on Wednesday. The company’s 50 day simple moving average is $15.23 and its 200 day simple moving average is $16.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.18 and a current ratio of 0.53. Monro Muffler Brake, Inc. has a 1 year low of $12.19 and a 1 year high of $31.49. The stock has a market capitalization of $489.13 million, a PE ratio of -81.60, a P/E/G ratio of 1.47 and a beta of 0.97.
Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last released its 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 company had revenue of $294.99 million during the quarter, compared to analyst estimates of $288.60 million. During the same period in the prior year, the business posted $0.21 earnings per share. Monro Muffler Brake’s revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.
Monro Muffler Brake Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 6.86%. Monro Muffler Brake’s dividend payout ratio (DPR) is -560.00%.
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.
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