Monro Muffler Brake, Inc. (MNRO) Holdings Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 14.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 510,590 shares of the auto parts company’s stock after selling 83,609 shares during the quarter. Bank of New York Mellon Corp owned about 1.53% of Monro Muffler Brake worth $21,316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Nisa Investment Advisors LLC increased its stake in Monro Muffler Brake by 1.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,470 shares of the auto parts company’s stock valued at $233,000 after purchasing an additional 70 shares in the last quarter. Arizona State Retirement System increased its stake in Monro Muffler Brake by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 17,091 shares of the auto parts company’s stock valued at $714,000 after purchasing an additional 100 shares in the last quarter. Forward Management LLC increased its stake in Monro Muffler Brake by 9.5% during the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 231 shares in the last quarter. Stephens Inc. AR increased its stake in Monro Muffler Brake by 5.3% during the 1st quarter. Stephens Inc. AR now owns 4,854 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 245 shares in the last quarter. Finally, UBS Group AG increased its stake in Monro Muffler Brake by 3.9% during the 1st quarter. UBS Group AG now owns 6,715 shares of the auto parts company’s stock valued at $350,000 after purchasing an additional 252 shares in the last quarter.

In other news, Director Stephen C. Mccluski acquired 1,200 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were bought at an average cost of $46.45 per share, with a total value of $55,740.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Heel John W. Van sold 46,883 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $46.55, for a total transaction of $2,182,403.65. Following the completion of the transaction, the chief executive officer now directly owns 202,463 shares in the company, valued at $9,424,652.65. The disclosure for this sale can be found here. In the last quarter, insiders purchased 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 owned by corporate insiders.

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Shares of Monro Muffler Brake, Inc. (MNRO) opened at 50.75 on Friday. The stock has a 50 day moving average of $47.24 and a 200-day moving average of $49.13. Monro Muffler Brake, Inc. has a 1-year low of $39.65 and a 1-year high of $62.07. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 27.02 and a beta of 0.71.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 28th were given a $0.18 dividend. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, August 24th. This represents a $0.72 annualized dividend and a yield of 1.42%. Monro Muffler Brake’s dividend payout ratio is 38.30%.

A number of research analysts have issued reports on MNRO shares. TheStreet lowered shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. BidaskClub lowered shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. UBS AG lowered shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $61.00 price target on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. 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’s stock. Monro Muffler Brake presently has a consensus rating of “Hold” and an average price target of $63.33.

Monro Muffler Brake Company 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.

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

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