Janney Montgomery Scott LLC Invests $359,000 in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Janney Montgomery Scott LLC bought a new position in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,799 shares of the auto parts company's stock, valued at approximately $359,000. Janney Montgomery Scott LLC owned approximately 0.08% of Monro Muffler Brake as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 1,756 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Monro Muffler Brake in the 4th quarter worth about $52,000. Quarry LP lifted its holdings in shares of Monro Muffler Brake by 84.5% in the 4th quarter. Quarry LP now owns 4,918 shares of the auto parts company's stock worth $122,000 after acquiring an additional 2,252 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Monro Muffler Brake in the 4th quarter worth about $156,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Monro Muffler Brake by 1,276.7% in the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock worth $98,000 after acquiring an additional 6,307 shares during the last quarter.

Monro Muffler Brake Trading Up 0.9%

Shares of NASDAQ MNRO traded up $0.14 during mid-day trading on Tuesday, reaching $15.92. The company had a trading volume of 487,770 shares, compared to its average volume of 720,481. The business's 50-day moving average is $14.49 and its 200-day moving average is $17.17. The company has a current ratio of 0.53, a quick ratio of 0.18 and a debt-to-equity ratio of 0.45. The stock has a market cap of $477.12 million, a price-to-earnings ratio of -79.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.97. Monro Muffler Brake, Inc. has a 52 week low of $12.20 and a 52 week high of $31.49.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). The business had revenue of $294.99 million for the quarter, compared to the consensus estimate of $288.60 million. Monro Muffler Brake had a positive return on equity of 2.43% and a negative net margin of 0.43%. The firm's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. Equities analysts expect that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date of this dividend was Tuesday, June 3rd. Monro Muffler Brake's dividend payout ratio (DPR) is -560.00%.

Analyst Ratings Changes

MNRO has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Wall Street Zen cut shares of Monro Muffler Brake from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Wedbush cut 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 report on Tuesday, April 1st. Finally, Stephens upgraded shares of Monro Muffler Brake from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $21.00 to $18.00 in a report on Friday, April 4th.

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.