Monro Muffler Brake, Inc. $MNRO Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has increased its stake in Monro Muffler Brake by 27.4%, bringing its total holdings to approximately $1.375 million.
• Monro Muffler Brake reported earnings of $0.22 per share for the last quarter, exceeding expectations and reflecting a 2.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.28 per share, which represents an annual yield of 7.1%, despite a negative dividend payout ratio of -167.16%.

Public Sector Pension Investment Board raised its position in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 27.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 94,994 shares of the auto parts company's stock after purchasing an additional 20,422 shares during the period. Public Sector Pension Investment Board owned 0.32% of Monro Muffler Brake worth $1,375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MNRO. Versant Capital Management Inc lifted its holdings in Monro Muffler Brake by 964.8% in the 1st quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 1,756 shares in the last quarter. CWM LLC lifted its holdings in Monro Muffler Brake by 132.3% in the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company's stock valued at $44,000 after purchasing an additional 1,747 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 valued at $98,000 after purchasing an additional 6,307 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Monro Muffler Brake by 640.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company's stock worth $118,000 after acquiring an additional 7,076 shares during the period. Finally, Quarry LP raised its holdings in shares of Monro Muffler Brake by 84.5% during 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 period.

Analyst Upgrades and Downgrades

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

Monro Muffler Brake Trading Up 2.3%

Shares of NASDAQ:MNRO traded up $0.38 during midday trading on Wednesday, reaching $17.18. 773,354 shares of the company's stock were exchanged, compared to its average volume of 1,133,984. The firm's 50 day simple moving average is $15.51 and its two-hundred day simple moving average is $15.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.50 and a quick ratio of 0.16. The stock has a market cap of $515.06 million, a price-to-earnings ratio of -25.64, a P/E/G ratio of 1.53 and a beta of 0.97. Monro Muffler Brake, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The firm had revenue of $301.04 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 26th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, August 26th. Monro Muffler Brake's payout ratio is currently -167.16%.

Monro Muffler Brake 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.