Wrapmanager Inc. Raises Stake in Monro Muffler Brake, Inc. (MNRO)
Wrapmanager Inc. boosted its position in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 42.7% during the second quarter, Holdings Channel reports. The firm owned 10,017 shares of the auto parts company’s stock after buying an additional 2,999 shares during the period. Wrapmanager Inc.’s holdings in Monro Muffler Brake were worth $418,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Monro Muffler Brake during the fourth quarter worth approximately $11,722,000. Teachers Advisors LLC increased its stake in Monro Muffler Brake by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 51,425 shares of the auto parts company’s stock worth $2,942,000 after buying an additional 912 shares during the period. Macquarie Group Ltd. increased its stake in Monro Muffler Brake by 10.0% in the fourth quarter. Macquarie Group Ltd. now owns 26,972 shares of the auto parts company’s stock worth $1,543,000 after buying an additional 2,452 shares during the period. Louisiana State Employees Retirement System increased its stake in Monro Muffler Brake by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the auto parts company’s stock worth $693,000 after buying an additional 300 shares during the period. Finally, Legato Capital Management LLC increased its stake in Monro Muffler Brake by 5,110.0% in the first quarter. Legato Capital Management LLC now owns 47,515 shares of the auto parts company’s stock worth $912,000 after buying an additional 46,603 shares during the period.
Monro Muffler Brake, Inc. (MNRO) opened at 46.85 on Tuesday. The company’s 50-day moving average price is $44.42 and its 200 day moving average price is $50.69. Monro Muffler Brake, Inc. has a 12 month low of $39.65 and a 12 month high of $62.07. The stock has a market capitalization of $1.53 billion, a PE ratio of 24.95 and a beta of 0.71.
Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. On average, analysts forecast that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current fiscal year.
MNRO has been the subject of a number of research reports. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a report on Friday, May 5th. Oppenheimer Holdings, Inc. set a $70.00 target price on Monro Muffler Brake and gave the stock a “buy” rating in a report on Thursday, May 18th. TheStreet downgraded Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Finally, BidaskClub downgraded Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Monro Muffler Brake presently has a consensus rating of “Hold” and an average price target of $63.33.
In other Monro Muffler Brake news, CEO Heel John W. Van sold 129,089 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $46.76, for a total transaction of $6,036,201.64. Following the completion of the sale, the chief executive officer now directly owns 202,463 shares of the company’s stock, valued at approximately $9,467,169.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Craig L. Hoyle sold 2,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $48.02, for a total value of $96,040.00. Following the sale, the vice president now directly owns 58,000 shares of the company’s stock, valued at $2,785,160. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 6,893 shares of company stock valued at $328,155 and have sold 244,064 shares valued at $11,438,709. 6.20% of the stock is currently owned by company insiders.
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.
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