Ladenburg Thalmann Financial Services Inc. decreased its stake in shares of Monro Muffler Brake Inc (NASDAQ:MNRO) by 28.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,379 shares of the company’s stock after selling 941 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Monro Muffler Brake were worth $136,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of MNRO. Victory Capital Management Inc. raised its stake in Monro Muffler Brake by 28.8% in the third quarter. Victory Capital Management Inc. now owns 1,985 shares of the company’s stock valued at $121,000 after buying an additional 444 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Monro Muffler Brake during the fourth quarter valued at about $206,000. Renaissance Group LLC purchased a new stake in Monro Muffler Brake during the fourth quarter valued at about $336,000. Sei Investments Co. raised its stake in Monro Muffler Brake by 153.7% in the third quarter. Sei Investments Co. now owns 6,262 shares of the company’s stock valued at $382,000 after buying an additional 3,794 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in Monro Muffler Brake by 4.0% in the third quarter. Advisor Group Inc. now owns 6,937 shares of the company’s stock valued at $408,000 after buying an additional 270 shares in the last quarter.
Shares of Monro Muffler Brake Inc (NASDAQ:MNRO) opened at 52.15 on Friday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 26.43 and a beta of 0.85. The firm has a 50-day moving average price of $56.19 and a 200 day moving average price of $57.66. Monro Muffler Brake Inc has a 12 month low of $51.65 and a 12 month high of $73.86.
Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, February 1st. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business earned $288.30 million during the quarter, compared to the consensus estimate of $280.64 million. Monro Muffler Brake had a return on equity of 11.83% and a net margin of 6.56%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, analysts anticipate that Monro Muffler Brake Inc will post $1.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Tuesday, March 14th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. Monro Muffler Brake’s dividend payout ratio is presently 34.34%.
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Several research firms recently issued reports on MNRO. Zacks Investment Research lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $80.00 price target on shares of Monro Muffler Brake in a research report on Sunday, January 15th. Finally, Gabelli raised Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Monro Muffler Brake presently has an average rating of “Buy” and an average target price of $71.50.
In related news, insider Raymond L. Pickens sold 750 shares of the company’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $57.21, for a total value of $42,907.50. Following the completion of the sale, the insider now owns 687 shares in the company, valued at $39,303.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Tomarchio, Jr. sold 11,250 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $57.60, for a total value of $648,000.00. Following the completion of the sale, the insider now owns 26,250 shares of the company’s stock, valued at approximately $1,512,000. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock valued at $969,158 in the last quarter. 7.70% of the stock is currently owned by corporate insiders.
Monro Muffler Brake Company Profile
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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