Alliancebernstein L.P. Continues to Hold Holdings in Monro Muffler Brake, Inc. (MNRO)
Alliancebernstein L.P. maintained its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,510 shares of the auto parts company’s stock at the end of the 2nd quarter. Alliancebernstein L.P. owned approximately 0.15% of Monro Muffler Brake worth $2,067,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its position in Monro Muffler Brake by 52.0% in the first quarter. UBS Asset Management Americas Inc. now owns 17,709 shares of the auto parts company’s stock worth $923,000 after purchasing an additional 6,059 shares during the last quarter. Karp Capital Management Corp bought a new stake in Monro Muffler Brake in the first quarter worth $412,000. Oxford Asset Management bought a new stake in Monro Muffler Brake in the first quarter worth $254,000. Ameritas Investment Partners Inc. bought a new stake in Monro Muffler Brake in the first quarter worth $141,000. Finally, Mason Street Advisors LLC increased its position in Monro Muffler Brake by 7.9% in the first quarter. Mason Street Advisors LLC now owns 7,615 shares of the auto parts company’s stock worth $397,000 after purchasing an additional 557 shares during the last quarter.
Monro Muffler Brake, Inc. (NASDAQ MNRO) opened at 52.85 on Tuesday. Monro Muffler Brake, Inc. has a 52-week low of $39.65 and a 52-week high of $61.75. The company has a market cap of $1.73 billion, a PE ratio of 28.14 and a beta of 0.73. The firm’s 50-day moving average is $51.92 and its 200-day moving average is $48.95.
Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. During the same period last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities research analysts anticipate that Monro Muffler Brake, Inc. will post $2.13 EPS for the current year.
In other Monro Muffler Brake news, CEO Robert G. Gross sold 1,473 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $46.76, for a total value of $68,877.48. Following the completion of the sale, the chief executive officer now directly owns 132,807 shares of the company’s stock, valued at approximately $6,210,055.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen C. Mccluski bought 1,200 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was bought at an average cost of $46.45 per share, with a total value of $55,740.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 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 company insiders.
Several brokerages recently weighed in on MNRO. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. 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 research report on Saturday, July 22nd. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $61.00 price target on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. BidaskClub cut shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research cut shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Monro Muffler Brake currently has an average rating of “Hold” and a consensus price target of $63.33.
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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