Monro Muffler Brake, Inc. $MNRO Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Monro Muffler Brake by 19.9%, now owning approximately 114,985 shares valued at $1,664,000 following the sale of 28,602 shares.
• Monro Muffler Brake reported earnings of $0.22 per share, exceeding analysts' expectations, with quarterly revenue of $301.04 million, marking a year-over-year increase of 2.7%.
• The company announced a quarterly dividend of $0.28 per share, yielding 6.3% annually, despite a negative payout ratio of -167.16%.

Trexquant Investment LP lessened its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 19.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,985 shares of the auto parts company's stock after selling 28,602 shares during the quarter. Trexquant Investment LP owned 0.38% of Monro Muffler Brake worth $1,664,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in Monro Muffler Brake by 964.8% during the 1st quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company's stock worth $28,000 after buying an additional 1,756 shares during the last quarter. CWM LLC lifted its holdings in Monro Muffler Brake by 132.3% during the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company's stock worth $44,000 after buying an additional 1,747 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Monro Muffler Brake during the 1st quarter worth approximately $65,000. GAMMA Investing LLC lifted its holdings in Monro Muffler Brake by 1,276.7% during the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock worth $98,000 after buying an additional 6,307 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in 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 buying an additional 7,076 shares during the last quarter.

Monro Muffler Brake Stock Performance

Shares of NASDAQ MNRO traded up $0.91 during mid-day trading on Thursday, hitting $17.82. The company had a trading volume of 856,530 shares, compared to its average volume of 862,285. The stock has a market cap of $534.23 million, a price-to-earnings ratio of -26.60, a PEG ratio of 1.54 and a beta of 1.09. Monro Muffler Brake, Inc. has a 12 month low of $12.19 and a 12 month high of $30.18. 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 firm's 50 day simple moving average is $15.98 and its two-hundred day simple moving average is $15.39.

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, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $301.04 million for 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 business's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. As a group, equities research analysts forecast that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on MNRO shares. Wells Fargo & Company reduced their target price 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. Wall Street Zen raised Monro Muffler Brake from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Monro Muffler Brake has an average rating of "Moderate Buy" and an average 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.