Nuveen LLC Purchases New Position in Monro Muffler Brake, Inc. $MNRO

Key Points

• Nuveen LLC has acquired a new stake in Monro Muffler Brake, purchasing 87,208 shares valued at approximately $1.26 million during the first quarter.
• The recent earnings report showed Monro Muffler Brake's quarterly revenue rose 2.7% year-over-year, with an EPS of $0.22 surpassing analyst expectations.
• Monro Muffler Brake will pay a quarterly dividend of $0.28 per share on September 9th, resulting in an annualized dividend yield of 6.8%.

Nuveen LLC acquired a new position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 87,208 shares of the auto parts company's stock, valued at approximately $1,262,000. Nuveen LLC owned about 0.29% of Monro Muffler Brake as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Monro Muffler Brake by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,995 shares of the auto parts company's stock valued at $421,000 after acquiring an additional 577 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Monro Muffler Brake by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,443 shares of the auto parts company's stock valued at $527,000 after acquiring an additional 732 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Monro Muffler Brake by 13.3% during the 1st quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company's stock valued at $148,000 after acquiring an additional 1,203 shares during the last quarter. CWM LLC increased its holdings in shares of Monro Muffler Brake by 132.3% during the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company's stock valued at $44,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of 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 valued at $28,000 after acquiring an additional 1,756 shares during the last quarter.

Monro Muffler Brake Stock Performance

MNRO traded up $0.51 during midday trading on Friday, reaching $17.68. The company's stock had a trading volume of 760,917 shares, compared to its average volume of 855,309. Monro Muffler Brake, Inc. has a twelve month low of $12.19 and a twelve month high of $30.18. The stock has a market cap of $530.05 million, a P/E ratio of -26.39, a PEG ratio of 1.57 and a beta of 1.09. The company has a fifty day simple moving average of $15.88 and a 200 day simple moving average of $15.44. The company has a current ratio of 0.50, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $301.04 million for 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 revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts expect that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, August 26th. Monro Muffler Brake's dividend payout ratio (DPR) is presently -167.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MNRO shares. Wall Street Zen raised Monro Muffler Brake from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company lowered 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Monro Muffler Brake has a consensus rating of "Moderate Buy" and a consensus price target of $17.33.

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.