XTX Topco Ltd Invests $993,000 in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Key Points

• XTX Topco Ltd invested approximately $993,000 in Monro Muffler Brake, Inc. by acquiring 68,620 shares, representing about 0.23% ownership in the company.
• Multiple institutional investors have increased their stakes in Monro, with Versant Capital Management raising its stake by 964.8% in the first quarter.
• Monro Muffler Brake announced a dividend of $0.28 per share with a dividend yield of 7.9%, despite a negative net margin of 1.59% for the quarter.

XTX Topco Ltd acquired a new stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 68,620 shares of the auto parts company's stock, valued at approximately $993,000. XTX Topco Ltd owned approximately 0.23% of Monro Muffler Brake as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted 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 worth $28,000 after buying an additional 1,756 shares during the last quarter. CWM LLC raised its stake 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 valued at $44,000 after purchasing an additional 1,747 shares during the last quarter. GAMMA Investing LLC raised its stake 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 valued at $98,000 after purchasing an additional 6,307 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 valued at $118,000 after purchasing an additional 7,076 shares during the last quarter. Finally, Quarry LP raised its stake 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 valued at $122,000 after purchasing an additional 2,252 shares during the last quarter.

Wall Street Analysts Forecast Growth

MNRO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Monro Muffler Brake from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company cut their target price on shares of Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday.

Monro Muffler Brake Stock Down 0.1%

Shares of NASDAQ MNRO opened at $14.09 on Friday. The firm has a market capitalization of $422.42 million, a PE ratio of -21.03, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a current ratio of 0.50, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Monro Muffler Brake, Inc. has a 1 year low of $12.19 and a 1 year high of $30.18. The firm's 50-day moving average is $15.30 and its 200-day moving average is $16.12.

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 for the quarter, beating analysts' consensus estimates 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 negative net margin of 1.59% and a positive return on equity of 2.49%. Monro Muffler Brake's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. Equities analysts expect that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Tuesday, June 3rd. Monro Muffler Brake's dividend payout ratio (DPR) is currently -167.16%.

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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