Rhumbline Advisers lessened its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,911 shares of the auto parts company’s stock after selling 952 shares during the period. Rhumbline Advisers owned approximately 0.22% of Monro Muffler Brake worth $3,002,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its position in Monro Muffler Brake by 151,355.0% in the 1st quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock valued at $210,685,000 after buying an additional 4,041,179 shares during the period. Vanguard Group Inc. boosted its position in Monro Muffler Brake by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock valued at $157,528,000 after buying an additional 183,577 shares during the period. Clearbridge Investments LLC boosted its position in Monro Muffler Brake by 57.1% in the 1st quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock valued at $83,445,000 after buying an additional 581,973 shares during the period. Akre Capital Management LLC boosted its position in Monro Muffler Brake by 4.9% in the 1st quarter. Akre Capital Management LLC now owns 1,597,630 shares of the auto parts company’s stock valued at $83,237,000 after buying an additional 75,000 shares during the period. Finally, State Street Corp boosted its position in Monro Muffler Brake by 6.4% in the 1st quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock valued at $44,059,000 after buying an additional 50,736 shares during the period.

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Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) opened at 49.00 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 26.09 and a beta of 0.71. Monro Muffler Brake, Inc. has a 52-week low of $39.65 and a 52-week high of $62.07. The stock’s 50 day moving average is $46.80 and its 200 day moving average is $49.42.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. Equities research analysts expect that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Monday, August 28th were paid a $0.18 dividend. The ex-dividend date was Thursday, August 24th. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.11. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. Monro Muffler Brake’s dividend payout ratio is 38.30%.

In other news, Director Stephen C. Mccluski bought 1,200 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was acquired at an average cost of $46.45 per share, for a total transaction of $55,740.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Gross sold 1,473 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $46.76, for a total transaction of $68,877.48. Following the completion of the transaction, the chief executive officer now owns 132,807 shares of the company’s stock, valued at $6,210,055.32. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. 6.20% of the stock is currently owned by corporate insiders.

Several brokerages have commented on MNRO. Stephens reissued an “overweight” rating and issued a $69.00 price target on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. UBS AG cut shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. BidaskClub cut shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. Finally, TheStreet cut shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $63.33.

About Monro Muffler Brake

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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