Cubist Systematic Strategies LLC Buys 12,518 Shares of Monro Muffler Brake, Inc. (MNRO)
Cubist Systematic Strategies LLC increased its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 237.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,800 shares of the auto parts company’s stock after purchasing an additional 12,518 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.05% of Monro Muffler Brake worth $743,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in Monro Muffler Brake by 32.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares during the period. Forward Management LLC grew 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 valued at $111,000 after buying an additional 231 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Monro Muffler Brake in the 1st quarter valued at about $141,000. Tudor Investment Corp ET AL purchased a new stake in Monro Muffler Brake in the 1st quarter valued at about $221,000. Finally, Capital Analysts LLC grew 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 valued at $178,000 after buying an additional 665 shares during the period.
In related news, VP Craig L. Hoyle sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen C. Mccluski bought 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were bought at an average price of $46.45 per share, with a total value of $55,740.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 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 owned by company insiders.
MNRO has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $51.00 price target (down previously from $54.00) on shares of Monro Muffler Brake in a report on Saturday, July 22nd. BidaskClub cut Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a report on Tuesday, June 20th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a report on Tuesday, September 12th. Finally, Stephens cut Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Monro Muffler Brake presently has an average rating of “Hold” and a consensus price target of $63.33.
Shares of Monro Muffler Brake, Inc. (NASDAQ MNRO) opened at 53.45 on Wednesday. The stock has a 50 day moving average price of $51.92 and a 200-day moving average price of $48.95. The company has a market capitalization of $1.75 billion, a P/E ratio of 28.46 and a beta of 0.73. Monro Muffler Brake, Inc. has a one year low of $39.65 and a one year high of $61.75.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. Equities research analysts predict that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current fiscal year.
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.
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