Citadel Advisors LLC decreased its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 27.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 238,215 shares of the auto parts company’s stock after selling 90,820 shares during the period. Citadel Advisors LLC owned approximately 0.72% of Monro Muffler Brake worth $9,946,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MNRO. Great West Life Assurance Co. Can raised its position in shares of Monro Muffler Brake by 7.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 46,024 shares of the auto parts company’s stock valued at $2,395,000 after acquiring an additional 3,217 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Monro Muffler Brake by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 594,199 shares of the auto parts company’s stock valued at $30,959,000 after acquiring an additional 20,663 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Monro Muffler Brake by 13.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,632 shares of the auto parts company’s stock valued at $346,000 after acquiring an additional 769 shares during the last quarter. Comerica Bank raised its position in shares of Monro Muffler Brake by 6.6% during the 1st quarter. Comerica Bank now owns 36,950 shares of the auto parts company’s stock valued at $1,971,000 after acquiring an additional 2,298 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Monro Muffler Brake by 1.9% during the 1st quarter. Swiss National Bank now owns 53,142 shares of the auto parts company’s stock valued at $2,769,000 after acquiring an additional 1,000 shares during the last quarter.

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In related news, CEO Robert G. Gross sold 1,473 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $46.76, for a total value of $68,877.48. Following the transaction, the chief executive officer now owns 132,807 shares in the company, valued at $6,210,055.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Craig L. Hoyle sold 2,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $48.02, for a total transaction of $96,040.00. Following the completion of the transaction, the vice president now owns 58,000 shares in the company, valued at approximately $2,785,160. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 6,893 shares of company stock worth $328,155 and sold 244,064 shares worth $11,438,709. 6.20% of the stock is owned by insiders.

MNRO has been the subject of several recent research reports. Stephens cut shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 29th. BidaskClub upgraded shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a research report on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $51.00 target price (down previously from $54.00) on shares of Monro Muffler Brake in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Monro Muffler Brake presently has an average rating of “Hold” and an average target price of $63.33.

Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) traded down 0.46% during mid-day trading on Tuesday, hitting $53.80. 18,531 shares of the company’s stock traded hands. The firm has a 50-day moving average of $47.49 and a 200 day moving average of $48.90. The company has a market cap of $1.76 billion, a PE ratio of 28.65 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.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 28th were issued a $0.18 dividend. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.72 annualized dividend and a yield of 1.33%. Monro Muffler Brake’s payout ratio is presently 38.30%.

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.

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

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