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 reduced its position in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 19.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.38% of Monro Muffler Brake worth $1,664,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of Monro Muffler Brake during the first quarter worth about $359,000. GSA Capital Partners LLP purchased a new stake in Monro Muffler Brake in the first quarter valued at approximately $629,000. SG Americas Securities LLC purchased a new stake in Monro Muffler Brake in the first quarter valued at approximately $680,000. Deutsche Bank AG raised its stake in shares of Monro Muffler Brake by 253.8% during the fourth quarter. Deutsche Bank AG now owns 72,170 shares of the auto parts company's stock worth $1,790,000 after purchasing an additional 51,772 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Monro Muffler Brake by 6.7% during the fourth quarter. Northern Trust Corp now owns 332,681 shares of the auto parts company's stock worth $8,250,000 after purchasing an additional 20,831 shares during the last quarter.

Monro Muffler Brake Price Performance

Shares of NASDAQ MNRO opened at $17.68 on Friday. Monro Muffler Brake, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $30.18. The business has a 50 day moving average price of $15.88 and a two-hundred day moving average price of $15.44. 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 firm has a market cap of $530.05 million, a PE ratio of -26.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09.

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 for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.The firm had revenue of $301.04 million during the quarter, compared to analyst estimates of $295.05 million. During the same quarter last year, the firm earned $0.22 EPS. Monro Muffler Brake's quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 26th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 26th. This represents a $1.12 dividend on an annualized basis and a yield of 6.3%. Monro Muffler Brake's payout ratio is currently -167.16%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MNRO shares. Wells Fargo & Company dropped their price objective 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 research note on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Monro Muffler Brake presently has a consensus rating of "Moderate Buy" and a consensus 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.

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