Peter Fitzsimmons Acquires 12,750 Shares of Monro Muffler Brake (NASDAQ:MNRO) Stock

Monro Muffler Brake, Inc. (NASDAQ:MNRO) CEO Peter Fitzsimmons purchased 12,750 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were bought at an average price of $19.68 per share, with a total value of $250,920.00. Following the purchase, the chief executive officer owned 112,033 shares in the company, valued at $2,204,809.44. The trade was a 12.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Monro Muffler Brake Price Performance

Monro Muffler Brake stock opened at $21.32 on Wednesday. The business’s 50 day simple moving average is $20.33 and its 200 day simple moving average is $18.23. Monro Muffler Brake, Inc. has a 12 month low of $12.19 and a 12 month high of $21.77. The company has a market cap of $640.03 million, a price-to-earnings ratio of -45.36, a PEG ratio of 2.55 and a beta of 1.03. The company has a current ratio of 0.45, a quick ratio of 0.15 and a debt-to-equity ratio of 0.41.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Monro Muffler Brake had a positive return on equity of 2.69% and a negative net margin of 1.06%.The business had revenue of $293.39 million during the quarter, compared to the consensus estimate of $295.19 million. During the same period last year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 5.3%. Monro Muffler Brake’s payout ratio is -238.30%.

Institutional Trading of Monro Muffler Brake

Several institutional investors and hedge funds have recently bought and sold shares of MNRO. Huntington National Bank boosted its holdings in Monro Muffler Brake by 61.5% in the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 760 shares during the period. GAMMA Investing LLC increased its holdings in shares of Monro Muffler Brake by 181.4% in the third quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock worth $132,000 after purchasing an additional 4,717 shares during the period. TradeLink Capital LLC purchased a new stake in shares of Monro Muffler Brake in the third quarter worth $226,000. Los Angeles Capital Management LLC purchased a new stake in shares of Monro Muffler Brake in the second quarter worth $221,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Monro Muffler Brake by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock valued at $257,000 after buying an additional 780 shares during the period.

Analyst Upgrades and Downgrades

MNRO has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Monro Muffler Brake in a report on Thursday, January 22nd. Finally, Wells Fargo & Company decreased their price objective on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.67.

Monro Muffler Brake Company Profile

Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.