XTX Topco Ltd Makes New $993,000 Investment 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 purchased a new stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 68,620 shares of the auto parts company's stock, valued at approximately $993,000. XTX Topco Ltd owned 0.23% of Monro Muffler Brake at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in Monro Muffler Brake by 10.9% in the 4th quarter. American Century Companies Inc. now owns 50,511 shares of the auto parts company's stock worth $1,253,000 after purchasing an additional 4,972 shares in the last quarter. Sei Investments Co. boosted its position in shares of Monro Muffler Brake by 2.7% during the 4th quarter. Sei Investments Co. now owns 116,240 shares of the auto parts company's stock valued at $2,883,000 after purchasing an additional 3,033 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Monro Muffler Brake in the fourth quarter worth approximately $156,000. JPMorgan Chase & Co. boosted its holdings in Monro Muffler Brake by 68.3% in the fourth quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company's stock worth $3,787,000 after acquiring an additional 61,988 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Monro Muffler Brake by 51.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 92,558 shares of the auto parts company's stock worth $2,295,000 after acquiring an additional 31,340 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on MNRO shares. Wells Fargo & Company decreased their price target on Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating for the company in a research 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.

Monro Muffler Brake Stock Performance

Shares of MNRO stock traded down $0.43 on Wednesday, reaching $14.99. The stock had a trading volume of 187,169 shares, compared to its average volume of 942,409. The stock has a market cap of $449.40 million, a P/E ratio of -22.39, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.50. The company has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $16.02. Monro Muffler Brake, Inc. has a 1 year low of $12.19 and a 1 year high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) 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 firm had revenue of $301.04 million for the quarter, compared to analysts' expectations of $295.05 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Dividend Announcement

The firm also recently announced 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. This represents a $1.12 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Tuesday, June 3rd. Monro Muffler Brake's payout ratio is -167.16%.

Monro Muffler Brake 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.