Caption Management LLC Purchases New Position in Monro Muffler Brake, Inc. $MNRO

Key Points

• Caption Management LLC purchased 93,858 shares of Monro Muffler Brake, valued at approximately $1.36 million, accounting for 0.31% ownership in the company.
• Monro Muffler Brake's stock experienced a decline of 2.5%, with current trading around $16.58 and a market capitalization of $497.07 million.
• The company recently announced a quarterly dividend of $0.28 per share, yielding 6.8%, despite a negative payout ratio of -167.16%.

Caption Management LLC acquired a new stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 93,858 shares of the auto parts company's stock, valued at approximately $1,358,000. Caption Management LLC owned 0.31% of Monro Muffler Brake at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in shares of Monro Muffler Brake by 1.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,741,498 shares of the auto parts company's stock valued at $39,670,000 after acquiring an additional 39,248 shares during the period. Nomura Holdings Inc. boosted its holdings in shares of Monro Muffler Brake by 62.8% during the 1st quarter. Nomura Holdings Inc. now owns 1,681,250 shares of the auto parts company's stock worth $24,328,000 after buying an additional 648,269 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $39,957,000 after buying an additional 253,518 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Monro Muffler Brake by 20.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 822,515 shares of the auto parts company's stock worth $11,902,000 after buying an additional 139,730 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in shares of Monro Muffler Brake by 7.5% during the 4th quarter. Invenomic Capital Management LP now owns 479,427 shares of the auto parts company's stock worth $11,890,000 after buying an additional 33,450 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen raised shares of Monro Muffler Brake from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company reduced their target price on shares of Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Monro Muffler Brake has an average rating of "Moderate Buy" and a consensus target price of $17.33.

Monro Muffler Brake Stock Performance

Monro Muffler Brake stock traded up $0.51 during midday trading on Friday, hitting $17.68. The company's stock had a trading volume of 760,917 shares, compared to its average volume of 855,309. Monro Muffler Brake, Inc. has a 1-year low of $12.19 and a 1-year high of $30.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.50 and a quick ratio of 0.16. The company has a 50-day moving average price of $15.88 and a two-hundred day moving average price of $15.44. The company has a market cap of $530.05 million, a price-to-earnings ratio of -26.39, a PEG ratio of 1.57 and a beta of 1.09.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. Monro Muffler Brake had a negative net margin of 1.59% and a positive return on equity of 2.49%. The business had revenue of $301.04 million during the quarter, compared to analysts' expectations of $295.05 million. During the same quarter in the previous year, the company earned $0.22 EPS. The business's revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th will be given a $0.28 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.12 annualized dividend and a dividend yield of 6.3%. Monro Muffler Brake's payout ratio is presently -167.16%.

Monro Muffler Brake Company 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.