Legal & General Group Plc raised its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,925 shares of the auto parts company’s stock after buying an additional 1,457 shares during the period. Legal & General Group Plc owned approximately 0.18% of Monro Muffler Brake worth $3,018,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp increased its stake in shares of Monro Muffler Brake by 4.8% in the fourth quarter. State Street Corp now owns 794,941 shares of the auto parts company’s stock valued at $45,473,000 after buying an additional 36,267 shares during the period. Comerica Bank raised its position in Monro Muffler Brake by 5.3% in the fourth quarter. Comerica Bank now owns 34,652 shares of the auto parts company’s stock worth $2,043,000 after buying an additional 1,754 shares in the last quarter. Norges Bank purchased a new position in Monro Muffler Brake during the fourth quarter worth $11,722,000. Thrivent Financial for Lutherans raised its position in Monro Muffler Brake by 2.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 34,160 shares of the auto parts company’s stock worth $1,954,000 after buying an additional 900 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Monro Muffler Brake by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 594,199 shares of the auto parts company’s stock worth $30,959,000 after buying an additional 20,663 shares in the last quarter.

Monro Muffler Brake, Inc. (NASDAQ:MNRO) opened at 40.75 on Monday. The company’s 50-day moving average is $48.16 and its 200 day moving average is $53.68. Monro Muffler Brake, Inc. has a 12 month low of $39.92 and a 12 month high of $70.78. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 22.05 and a beta of 0.69.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, May 18th. The auto parts company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $252.01 million during the quarter, compared to analysts’ expectations of $254.38 million. Monro Muffler Brake had a net margin of 6.00% and a return on equity of 10.85%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. On average, equities research analysts predict that Monro Muffler Brake, Inc. will post $2.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, June 2nd were issued a dividend of $0.18 per share. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, May 31st. Monro Muffler Brake’s dividend payout ratio (DPR) is currently 38.92%.

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A number of equities analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Stephens reissued an “overweight” rating and issued a $69.00 price objective on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. BidaskClub lowered shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. TheStreet lowered shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Monro Muffler Brake in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.80.

About Monro Muffler Brake

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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