Charles Schwab Investment Management Inc. Buys 32,666 Shares of Monro Muffler Brake, Inc. $MNRO

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Monro Muffler Brake, Inc. by 9.6% during the first quarter, owning approximately 1.25% of the company's shares worth $5.40 million.
• Monro Muffler Brake reported $0.22 earnings per share (EPS) for the last quarter, surpassing the consensus estimate of $0.17, with quarterly revenue increasing by 2.7% year-over-year.
• The company has announced a quarterly dividend of $0.28 per share, contributing to an annualized yield of 6.5%, despite a dividend payout ratio of -167.16%.

Charles Schwab Investment Management Inc. raised its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 373,384 shares of the auto parts company's stock after acquiring an additional 32,666 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.25% of Monro Muffler Brake worth $5,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MNRO. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 253,518 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of Monro Muffler Brake during the 4th quarter valued at $5,671,000. Squarepoint Ops LLC bought a new stake in shares of Monro Muffler Brake during the 4th quarter valued at $2,866,000. BNP Paribas Financial Markets raised its position in shares of Monro Muffler Brake by 83.8% during the 4th quarter. BNP Paribas Financial Markets now owns 156,540 shares of the auto parts company's stock valued at $3,882,000 after purchasing an additional 71,353 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Monro Muffler Brake during the 1st quarter valued at $993,000.

Analyst Upgrades and Downgrades

MNRO has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Monro Muffler Brake from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company decreased their price objective 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Monro Muffler Brake currently has an average rating of "Moderate Buy" and a consensus target price of $17.33.

Monro Muffler Brake Price Performance

NASDAQ MNRO traded down $0.43 on Monday, reaching $16.58. The company had a trading volume of 789,725 shares, compared to its average volume of 932,597. The company has a quick ratio of 0.16, a current ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $497.07 million, a PE ratio of -24.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.09. The firm's 50 day moving average price is $15.61 and its 200 day moving average price is $15.47. Monro Muffler Brake, Inc. has a 12 month low of $12.19 and a 12 month high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $301.04 million for the quarter, compared to the consensus estimate of $295.05 million. During the same period in the previous year, the firm posted $0.22 EPS. Monro Muffler Brake's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.8%. The ex-dividend date is Tuesday, August 26th. Monro Muffler Brake's dividend payout ratio is presently -167.16%.

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.