Monro Muffler Brake, Inc. (MNRO) Shares Bought by OppenheimerFunds Inc.

OppenheimerFunds Inc. raised its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 31.2% during the first quarter, Holdings Channel reports. The firm owned 14,051 shares of the auto parts company’s stock after buying an additional 3,338 shares during the period. OppenheimerFunds Inc.’s holdings in Monro Muffler Brake were worth $732,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MNRO. Nisa Investment Advisors LLC increased its stake in Monro Muffler Brake by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 4,470 shares of the auto parts company’s stock worth $233,000 after buying an additional 70 shares during the period. State of Alaska Department of Revenue increased its stake in Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock worth $188,000 after buying an additional 120 shares during the period. Forward Management LLC increased its stake in Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock worth $127,000 after buying an additional 154 shares during the period. Louisiana State Employees Retirement System increased its stake in Monro Muffler Brake by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the auto parts company’s stock worth $693,000 after buying an additional 300 shares during the period. Finally, Arizona State Retirement System increased its stake in Monro Muffler Brake by 2.4% in the first quarter. Arizona State Retirement System now owns 16,991 shares of the auto parts company’s stock worth $885,000 after buying an additional 400 shares during the period.

Monro Muffler Brake, Inc. (MNRO) opened at 40.75 on Monday. The company has a 50 day moving average of $48.16 and a 200 day moving average of $53.68. Monro Muffler Brake, Inc. has a 1-year low of $39.92 and a 1-year high of $70.78. The company has a market capitalization of $1.33 billion, a PE ratio of 22.05 and a beta of 0.69.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings results on Thursday, May 18th. The auto parts company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $252.01 million during the quarter, compared to analyst estimates of $254.38 million. Monro Muffler Brake had a return on equity of 10.85% and a net margin of 6.00%. Monro Muffler Brake’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, analysts predict that Monro Muffler Brake, Inc. will post $2.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, June 2nd were given a $0.18 dividend. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Wednesday, May 31st. Monro Muffler Brake’s dividend payout ratio is presently 38.92%.

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A number of analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a report on Tuesday, June 20th. Stephens reiterated an “overweight” rating and issued a $69.00 price objective on shares of Monro Muffler Brake in a report on Wednesday, June 28th. BidaskClub downgraded shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. TheStreet downgraded shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Monro Muffler Brake in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $65.80.

About Monro Muffler Brake

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.

Want to see what other hedge funds are holding MNRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monro Muffler Brake, Inc. (NASDAQ:MNRO).

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

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