SG Americas Securities LLC Takes $680,000 Position in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

SG Americas Securities LLC acquired a new stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 47,026 shares of the auto parts company's stock, valued at approximately $680,000. SG Americas Securities LLC owned about 0.16% of Monro Muffler Brake as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Monro Muffler Brake by 964.8% in the first 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 during the period. Wealthfront Advisers LLC bought a new stake in Monro Muffler Brake during the 4th quarter valued at $52,000. Quarry LP boosted its position in 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. KLP Kapitalforvaltning AS acquired a new position in Monro Muffler Brake during the 4th quarter worth $156,000. Finally, GAMMA Investing LLC grew its stake in shares of Monro Muffler Brake by 1,276.7% in the first quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock worth $98,000 after purchasing an additional 6,307 shares in the last quarter.

Monro Muffler Brake Price Performance

Shares of NASDAQ:MNRO traded down $0.28 on Tuesday, reaching $14.46. 691,487 shares of the company traded hands, compared to its average volume of 710,489. The stock has a market capitalization of $433.37 million, a PE ratio of -72.30, a P/E/G ratio of 1.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.18. The company's 50 day moving average is $14.27 and its 200-day moving average is $17.93. Monro Muffler Brake, Inc. has a fifty-two week low of $12.20 and a fifty-two week high of $31.49.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). Monro Muffler Brake had a negative net margin of 0.43% and a positive return on equity of 2.43%. The company had revenue of $294.99 million for the quarter, compared to analysts' expectations of $288.60 million. During the same period in the prior year, the company earned $0.21 earnings per share. The company's revenue for the quarter was down 4.9% on a year-over-year basis. As a group, analysts anticipate that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend was Tuesday, June 3rd. Monro Muffler Brake's payout ratio is -560.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MNRO shares. Wells Fargo & Company lifted their price objective on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Stephens raised shares of Monro Muffler Brake from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Friday, April 4th. Wedbush reduced 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. Finally, Wall Street Zen cut shares of Monro Muffler Brake from a "hold" rating to a "sell" rating in a report on Saturday, May 31st.

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.