Nationwide Fund Advisors Has $10.16 Million Position in Monro Muffler Brake, Inc. (MNRO)

Nationwide Fund Advisors increased its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 181,236 shares of the auto parts company’s stock after buying an additional 7,242 shares during the period. Nationwide Fund Advisors owned 0.55% of Monro Muffler Brake worth $10,158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Forward Management LLC boosted its holdings in Monro Muffler Brake by 9.5% in the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock worth $111,000 after buying an additional 231 shares during the period. Victory Capital Management Inc. boosted its holdings in Monro Muffler Brake by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after buying an additional 452 shares during the period. Capital Analysts LLC boosted its holdings in Monro Muffler Brake by 18.5% in the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after buying an additional 665 shares during the period. Stephens Inc. AR boosted its holdings in Monro Muffler Brake by 0.9% in the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after buying an additional 45 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Monro Muffler Brake by 29.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock worth $238,000 after buying an additional 1,313 shares during the period.

Monro Muffler Brake, Inc. (MNRO) opened at $52.40 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. Monro Muffler Brake, Inc. has a fifty-two week low of $39.65 and a fifty-two week high of $61.75. The company has a market cap of $1,648.44, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.85 and a beta of 0.67.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. The firm had revenue of $278.02 million during the quarter, compared to the consensus estimate of $277.06 million. During the same period last year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. equities research analysts anticipate that Monro Muffler Brake, Inc. will post 2.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.37%. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Monday, December 11th. Monro Muffler Brake’s dividend payout ratio (DPR) is presently 38.50%.

Several research firms recently commented on MNRO. KeyCorp reaffirmed a “hold” rating on shares of Monro Muffler Brake in a report on Tuesday, October 24th. TheStreet raised shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Oppenheimer set a $70.00 price target on shares of Monro Muffler Brake and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Jefferies Group reissued a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.33.

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Monro Muffler Brake Profile

Monro, Inc, formerly 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.

Institutional Ownership by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

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