Fox Run Management L.L.C. Takes Position in Monro Muffler Brake, Inc. (MNRO)

Fox Run Management L.L.C. bought a new stake in Monro Muffler Brake, Inc. (NASDAQ:MNRO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,200 shares of the auto parts company’s stock, valued at approximately $426,000.

A number of other large investors have also bought and sold shares of the company. 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 valued at $127,000 after buying an additional 154 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock worth $133,000 after buying an additional 623 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Monro Muffler Brake during the first quarter worth about $141,000. State of Alaska Department of Revenue increased its position in shares of 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. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Monro Muffler Brake by 1,336.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 4,095 shares of the auto parts company’s stock worth $213,000 after buying an additional 3,810 shares during the period.

Monro Muffler Brake, Inc. (NASDAQ:MNRO) opened at 41.60 on Monday. Monro Muffler Brake, Inc. has a 52-week low of $39.65 and a 52-week high of $66.48. The firm has a market cap of $1.36 billion, a P/E ratio of 22.51 and a beta of 0.70. The company’s 50 day moving average is $48.16 and its 200-day moving average is $53.68.

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

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A number of research analysts have recently issued reports on MNRO shares. CIBC restated a “buy” rating on shares of Monro Muffler Brake in a research report on Monday, April 17th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $70.00 price target on shares of Monro Muffler Brake in a research report on Thursday, April 13th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a research report on Monday, May 15th. UBS AG downgraded shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Finally, TheStreet downgraded shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $65.80.

Monro Muffler Brake Company Profile

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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