Rhumbline Advisers grew its stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,941 shares of the auto parts company’s stock after acquiring an additional 5,030 shares during the period. Rhumbline Advisers owned 0.23% of Monro Muffler Brake worth $4,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Monro Muffler Brake by 3.8% in the second quarter. Northern Trust Corp now owns 524,899 shares of the auto parts company’s stock worth $21,913,000 after acquiring an additional 19,303 shares during the last quarter. Crawford Investment Counsel Inc. raised its stake in shares of Monro Muffler Brake by 92.9% during the second quarter. Crawford Investment Counsel Inc. now owns 59,640 shares of the auto parts company’s stock worth $2,490,000 after buying an additional 28,720 shares during the last quarter. BlackRock Inc. raised its stake in shares of Monro Muffler Brake by 1.0% during the second quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock worth $170,556,000 after buying an additional 41,299 shares during the last quarter. Scout Investments Inc. raised its stake in shares of Monro Muffler Brake by 3.9% during the second quarter. Scout Investments Inc. now owns 95,925 shares of the auto parts company’s stock worth $4,005,000 after buying an additional 3,575 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Monro Muffler Brake by 51.7% during the second quarter. BNP Paribas Arbitrage SA now owns 10,060 shares of the auto parts company’s stock worth $420,000 after buying an additional 3,428 shares during the last quarter.

Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) opened at $52.15 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.28 and a current ratio of 1.00. The firm has a market cap of $1,648.44, a P/E ratio of 26.20, a P/E/G ratio of 1.85 and a beta of 0.67. Monro Muffler Brake, Inc. has a 12 month low of $39.65 and a 12 month high of $61.75.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. The firm had revenue of $278.02 million during the quarter, compared to the consensus estimate of $277.06 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. analysts predict that Monro Muffler Brake, Inc. will post 2.02 EPS for the current year.

The company also recently announced a dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 11th. This is an increase from Monro Muffler Brake’s previous dividend of $0.11. Monro Muffler Brake’s dividend payout ratio is presently 38.50%.

MNRO has been the subject of a number of recent research reports. TheStreet downgraded shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. Oppenheimer set a $70.00 price target on shares of Monro Muffler Brake and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Jefferies Group downgraded shares of Monro Muffler Brake from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.33.

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

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