Monro Muffler Brake, Inc. $MNRO Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Monro Muffler Brake by 7.7%, now owning approximately 0.70% of the company, valued at $3,055,000.
• Several institutional investors have either increased or initiated their positions in Monro Muffler Brake during the first quarter, including Maverick Capital Ltd. and Nomura Holdings Inc..
• While Monro Muffler Brake received upgrades from analysts with a consensus rating of "Moderate Buy," Wells Fargo has lowered its price target from $16.00 to $15.00.

Bridgeway Capital Management LLC reduced its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,135 shares of the auto parts company's stock after selling 17,536 shares during the period. Bridgeway Capital Management LLC owned 0.70% of Monro Muffler Brake worth $3,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of Monro Muffler Brake by 1.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,741,498 shares of the auto parts company's stock worth $39,670,000 after acquiring an additional 39,248 shares during the last quarter. Nomura Holdings Inc. boosted its stake in 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 purchasing an additional 648,269 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Monro Muffler Brake by 20.5% during the first 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 in the last quarter. Invenomic Capital Management LP raised its position in shares of Monro Muffler Brake by 7.5% in the fourth quarter. Invenomic Capital Management LP now owns 479,427 shares of the auto parts company's stock valued at $11,890,000 after buying an additional 33,450 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Monro Muffler Brake by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 373,384 shares of the auto parts company's stock worth $5,403,000 after buying an additional 32,666 shares in the last quarter.

Monro Muffler Brake Trading Up 5.4%

NASDAQ:MNRO traded up $0.91 on Thursday, reaching $17.82. The company's stock had a trading volume of 856,530 shares, compared to its average volume of 862,285. Monro Muffler Brake, Inc. has a 12-month low of $12.19 and a 12-month high of $30.18. The stock has a 50 day moving average price of $15.98 and a 200 day moving average price of $15.39. The firm has a market cap of $534.23 million, a price-to-earnings ratio of -26.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The company has a quick ratio of 0.16, a current ratio of 0.50 and a debt-to-equity ratio of 0.47.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The business had revenue of $301.04 million during the quarter, compared to analysts' expectations of $295.05 million. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.The company's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. On average, equities analysts anticipate that Monro Muffler Brake, Inc. will post 0.63 EPS for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, August 26th. Monro Muffler Brake's payout ratio is -167.16%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MNRO shares. Wall Street Zen raised shares of Monro Muffler Brake from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company cut their price target on 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Monro Muffler Brake currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.33.

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.