Algert Global LLC Takes Position in Monro Muffler Brake, Inc. $MNRO

Key Points

• Algert Global LLC acquired a new stake in Monro Muffler Brake, purchasing 34,710 shares valued at approximately $502,000, representing about 0.12% of the company.
• Monro Muffler Brake reported a quarterly earnings per share of $0.22, exceeding analysts' expectations, with a revenue of $301.04 million, up 2.7% year-over-year.
• The company announced a quarterly dividend of $0.28 per share, with an upcoming payment date of September 9th, yielding about 6.5% annually.

Algert Global LLC bought a new stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,710 shares of the auto parts company's stock, valued at approximately $502,000. Algert Global LLC owned about 0.12% of Monro Muffler Brake at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MNRO. Versant Capital Management Inc lifted its position in Monro Muffler Brake by 964.8% in the first quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company's stock valued at $28,000 after buying an additional 1,756 shares during the last quarter. CWM LLC lifted its position 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 worth $44,000 after purchasing an additional 1,747 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Monro Muffler Brake during the first quarter worth about $65,000. GAMMA Investing LLC lifted its position in shares of Monro Muffler Brake by 1,276.7% during the first quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock worth $98,000 after purchasing an additional 6,307 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Monro Muffler Brake by 640.9% during the first quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company's stock worth $118,000 after purchasing an additional 7,076 shares in the last quarter.

Monro Muffler Brake Stock Down 2.5%

NASDAQ:MNRO traded down $0.43 during mid-day trading on Friday, hitting $16.58. The stock had a trading volume of 789,725 shares, compared to its average volume of 977,242. The stock has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $15.52. The company has a market capitalization of $497.05 million, a PE ratio of -24.75, a PEG ratio of 1.55 and a beta of 0.97. Monro Muffler Brake, Inc. has a twelve month low of $12.19 and a twelve month high of $30.18. The company has a current ratio of 0.50, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The firm had revenue of $301.04 million for the quarter, compared to analysts' expectations of $295.05 million. Monro Muffler Brake had a negative net margin of 1.59% and a positive return on equity of 2.49%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. On average, equities research analysts anticipate that Monro Muffler Brake, Inc. will post 0.63 EPS 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. Investors of record on Tuesday, August 26th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.12 annualized dividend and a yield of 6.8%. Monro Muffler Brake's dividend payout ratio (DPR) is -167.16%.

Wall Street Analysts Forecast Growth

MNRO has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 31st. Wall Street Zen raised shares of Monro Muffler Brake from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Monro Muffler Brake currently has an average rating of "Moderate Buy" and a consensus target price of $17.33.

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.