JPMorgan Chase & Co. lowered its position in Monro Muffler Brake Inc. (NASDAQ:MNRO) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,102 shares of the company’s stock after selling 2,108 shares during the period. JPMorgan Chase & Co. owned about 0.70% of Monro Muffler Brake worth $14,371,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MNRO. Emerald Acquisition Ltd. purchased a new stake in shares of Monro Muffler Brake during the second quarter worth $12,466,000. Henderson Group PLC raised its stake in shares of Monro Muffler Brake by 57.5% in the second quarter. Henderson Group PLC now owns 511,771 shares of the company’s stock worth $32,528,000 after buying an additional 186,912 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Monro Muffler Brake by 19.1% in the second quarter. Neuberger Berman Group LLC now owns 1,007,111 shares of the company’s stock worth $64,012,000 after buying an additional 161,193 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Monro Muffler Brake by 19.9% in the second quarter. PNC Financial Services Group Inc. now owns 781,963 shares of the company’s stock worth $49,702,000 after buying an additional 129,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Monro Muffler Brake by 36.4% in the first quarter. Goldman Sachs Group Inc. now owns 435,087 shares of the company’s stock worth $31,095,000 after buying an additional 116,110 shares in the last quarter.
Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) traded up 1.26% on Friday, hitting $61.17. The stock had a trading volume of 247,886 shares. The firm has a 50 day moving average of $58.25 and a 200-day moving average of $63.94. Monro Muffler Brake Inc. has a 1-year low of $55.24 and a 1-year high of $77.00. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 31.55 and a beta of 0.99.
Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $236.90 million for the quarter, compared to analysts’ expectations of $235.12 million. Monro Muffler Brake had a return on equity of 12.54% and a net margin of 6.86%. Monro Muffler Brake’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. Equities analysts predict that Monro Muffler Brake Inc. will post $2.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 22nd were paid a $0.17 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.68 dividend on an annualized basis and a yield of 1.11%. Monro Muffler Brake’s dividend payout ratio is currently 34.87%.
MNRO has been the topic of a number of research reports. Northcoast Research lowered Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research report on Thursday, July 14th. Zacks Investment Research lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Thursday. Gabelli began coverage on Monro Muffler Brake in a report on Thursday, August 25th. They set a “hold” rating on the stock. Jefferies Group reaffirmed a “buy” rating and set a $72.00 target price on shares of Monro Muffler Brake in a report on Friday, July 29th. Finally, Susquehanna began coverage on Monro Muffler Brake in a report on Thursday, August 25th. They set a “positive” rating and a $66.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $75.88.
In other news, insider John C. Lamb sold 650 shares of Monro Muffler Brake stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $56.22, for a total transaction of $36,543.00. Following the completion of the sale, the insider now directly owns 500 shares in the company, valued at approximately $28,110. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher R. Hoornbeck sold 6,750 shares of Monro Muffler Brake stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $56.70, for a total value of $382,725.00. Following the sale, the insider now owns 26,855 shares of the company’s stock, valued at $1,522,678.50. The disclosure for this sale can be found here. 7.70% of the stock is owned by corporate insiders.
Monro Muffler Brake Company Profile
Monro Muffler Brake, Inc is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.