Flinton Capital Management LLC trimmed its position in shares of Monro Muffler Brake (NASDAQ:MNRO) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,672 shares of the auto parts company’s stock after selling 6,244 shares during the period. Flinton Capital Management LLC owned approximately 0.24% of Monro Muffler Brake worth $4,423,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MNRO. Advisor Group Inc. grew its stake in Monro Muffler Brake by 837.7% during the fourth quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock worth $219,000 after buying an additional 3,443 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Monro Muffler Brake during the fourth quarter worth about $232,000. Paloma Partners Management Co acquired a new stake in Monro Muffler Brake during the fourth quarter worth about $233,000. Global Endowment Management LP acquired a new stake in Monro Muffler Brake during the fourth quarter worth about $251,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Monro Muffler Brake in the 4th quarter valued at approximately $266,000.
Shares of NASDAQ MNRO opened at $55.55 on Friday. The company has a market capitalization of $1,831.60, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.59 and a beta of 0.62. Monro Muffler Brake has a 1 year low of $39.65 and a 1 year high of $64.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 0.33.
Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $285.70 million during the quarter, compared to analyst estimates of $292.94 million. Monro Muffler Brake had a net margin of 5.13% and a return on equity of 10.48%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. analysts forecast that Monro Muffler Brake will post 2.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Friday, March 16th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%. Monro Muffler Brake’s dividend payout ratio (DPR) is presently 38.92%.
In related news, insider Maureen Mulholland sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total value of $153,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen C. Mccluski sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $55.51, for a total transaction of $555,100.00. The disclosure for this sale can be found here. 6.20% of the stock is owned by company insiders.
A number of research firms have recently weighed in on MNRO. BidaskClub upgraded shares of Monro Muffler Brake from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. TheStreet upgraded shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Oppenheimer restated a “buy” rating on shares of Monro Muffler Brake in a research note on Friday, December 15th. Jefferies Group restated a “hold” rating on shares of Monro Muffler Brake in a research note on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.71.
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Monro Muffler Brake Company Profile
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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