Y Intercept Hong Kong Ltd Raises Stock Position in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Y Intercept Hong Kong Ltd increased its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 92.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,063 shares of the auto parts company’s stock after purchasing an additional 10,098 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.07% of Monro Muffler Brake worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Monro Muffler Brake by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,995 shares of the auto parts company’s stock worth $421,000 after purchasing an additional 577 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Monro Muffler Brake by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 36,443 shares of the auto parts company’s stock valued at $527,000 after buying an additional 732 shares during the period. New York State Common Retirement Fund grew its position in Monro Muffler Brake by 13.3% during the first quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company’s stock valued at $148,000 after buying an additional 1,203 shares during the period. Federated Hermes Inc. grew its position in Monro Muffler Brake by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company’s stock valued at $1,382,000 after buying an additional 1,217 shares during the period. Finally, CWM LLC grew its position in 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 buying an additional 1,747 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MNRO shares. Wedbush dropped their price target on shares of Monro Muffler Brake from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Wall Street Zen lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Sunday, July 20th. Wells Fargo & Company raised their price target on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Finally, Stephens upgraded shares of Monro Muffler Brake from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th.

Monro Muffler Brake Stock Up 0.1%

MNRO opened at $16.32 on Wednesday. The company has a market cap of $489.13 million, a PE ratio of -81.60, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. Monro Muffler Brake, Inc. has a twelve month low of $12.19 and a twelve month high of $31.49. The company has a 50-day moving average price of $15.23 and a 200 day moving average price of $16.29. The company has a quick ratio of 0.18, a current ratio of 0.53 and a debt-to-equity ratio of 0.45.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, May 28th. The auto parts company reported ($0.09) 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 analysts’ expectations of $288.60 million. During the same quarter last year, the firm posted $0.21 earnings per share. Monro Muffler Brake’s quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts expect that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $1.12 annualized dividend and a dividend yield of 6.86%. Monro Muffler Brake’s dividend payout ratio (DPR) is presently -560.00%.

About Monro Muffler Brake

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.