Bank of America Corp DE trimmed its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 94.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,440 shares of the auto parts company's stock after selling 143,047 shares during the quarter. Bank of America Corp DE's holdings in Monro Muffler Brake were worth $209,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of Monro Muffler Brake by 3.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,702,250 shares of the auto parts company's stock valued at $67,016,000 after purchasing an additional 85,378 shares during the period. Dimensional Fund Advisors LP grew its stake in Monro Muffler Brake by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock worth $39,957,000 after purchasing an additional 253,518 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in Monro Muffler Brake by 34.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company's stock worth $29,594,000 after purchasing an additional 302,515 shares in the last quarter. William Blair Investment Management LLC lifted its position in Monro Muffler Brake by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company's stock valued at $27,801,000 after buying an additional 23,184 shares during the period. Finally, Cooper Creek Partners Management LLC boosted its holdings in shares of Monro Muffler Brake by 66.4% during the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company's stock valued at $23,046,000 after buying an additional 370,960 shares in the last quarter.
Monro Muffler Brake Stock Down 2.0%
Shares of MNRO traded down $0.29 during trading hours on Thursday, hitting $14.11. The company had a trading volume of 734,827 shares, compared to its average volume of 724,146. The stock has a market capitalization of $422.88 million, a price-to-earnings ratio of -70.55, a P/E/G ratio of 1.30 and a beta of 0.98. The firm has a fifty day moving average price of $14.29 and a 200-day moving average price of $18.34. Monro Muffler Brake, Inc. has a 52-week low of $12.20 and a 52-week high of $31.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.18 and a current ratio of 0.53.
Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). The firm had revenue of $294.99 million for the quarter, compared to the consensus estimate of $288.60 million. Monro Muffler Brake had a negative net margin of 0.43% and a positive return on equity of 2.43%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, equities research analysts forecast that Monro Muffler Brake, Inc. will post 0.63 EPS for the current fiscal year.
Monro Muffler Brake Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 7.94%. Monro Muffler Brake's payout ratio is currently -560.00%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on MNRO. Wedbush decreased their price target on shares of Monro Muffler Brake from $27.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Wall Street Zen downgraded shares of Monro Muffler Brake from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wells Fargo & Company boosted their price target on Monro Muffler Brake from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Finally, Stephens upgraded 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 research note on Friday, April 4th.
Check Out Our Latest Analysis on MNRO
About Monro Muffler Brake
(
Free Report)
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.
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