SG Americas Securities LLC Purchases Shares of 47,026 Monro Muffler Brake, Inc. (NASDAQ:MNRO)

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

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of Monro Muffler Brake by 964.8% during the first 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 in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Monro Muffler Brake during the fourth quarter worth $52,000. GAMMA Investing LLC increased its holdings in shares of Monro Muffler Brake by 1,276.7% during the first 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 in the last quarter. Quarry LP increased its holdings in shares of Monro Muffler Brake by 84.5% during the fourth quarter. Quarry LP now owns 4,918 shares of the auto parts company's stock worth $122,000 after buying an additional 2,252 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Monro Muffler Brake during the fourth quarter worth $156,000.

Monro Muffler Brake Trading Up 1.3%

Shares of Monro Muffler Brake stock traded up $0.18 during trading on Friday, hitting $14.29. The company's stock had a trading volume of 1,529,487 shares, compared to its average volume of 708,664. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.18. Monro Muffler Brake, Inc. has a 52 week low of $12.20 and a 52 week high of $31.49. The stock has a market cap of $428.27 million, a price-to-earnings ratio of -71.45, a price-to-earnings-growth ratio of 1.29 and a beta of 0.98. The stock has a 50-day moving average price of $14.26 and a two-hundred day moving average price of $18.08.

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

Monro Muffler Brake Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 7.84%. Monro Muffler Brake's dividend payout ratio (DPR) is currently -560.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Monro Muffler Brake from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Wedbush reduced their price objective on shares of Monro Muffler Brake from $27.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Stephens raised shares of Monro Muffler Brake from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $21.00 to $18.00 in a research note on Friday, April 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th.

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.