SG Americas Securities LLC Acquires 29,603 Shares of Monro Muffler Brake, Inc. $MNRO

SG Americas Securities LLC boosted its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 132.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,018 shares of the auto parts company’s stock after buying an additional 29,603 shares during the quarter. SG Americas Securities LLC’s holdings in Monro Muffler Brake were worth $935,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Monro Muffler Brake by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock worth $9,956,000 after acquiring an additional 68,862 shares during the period. Jones Financial Companies Lllp acquired a new stake in Monro Muffler Brake during the 1st quarter valued at $559,000. Jane Street Group LLC boosted its position in Monro Muffler Brake by 85.2% during the first quarter. Jane Street Group LLC now owns 79,839 shares of the auto parts company’s stock worth $1,155,000 after purchasing an additional 36,734 shares during the period. 1620 Investment Advisors Inc. boosted its position in Monro Muffler Brake by 143.6% during the third quarter. 1620 Investment Advisors Inc. now owns 50,431 shares of the auto parts company’s stock worth $906,000 after purchasing an additional 29,731 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Monro Muffler Brake by 139.8% in the first quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after purchasing an additional 16,268 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on MNRO. Wells Fargo & Company reduced their target price on shares of Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.67.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 639,473 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average cost of $15.19 per share, with a total value of $9,713,594.87. Following the acquisition, the insider directly owned 4,439,914 shares of the company’s stock, valued at approximately $67,442,293.66. The trade was a 16.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 1,278,132 shares of company stock worth $20,815,969. 2.20% of the stock is owned by company insiders.

Monro Muffler Brake Price Performance

NASDAQ:MNRO opened at $21.15 on Tuesday. Monro Muffler Brake, Inc. has a 52 week low of $12.19 and a 52 week high of $22.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.16 and a current ratio of 0.48. The firm’s 50-day simple moving average is $19.71 and its 200 day simple moving average is $17.74. The firm has a market cap of $634.92 million, a price-to-earnings ratio of -31.57, a P/E/G ratio of 2.56 and a beta of 1.01.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Monro Muffler Brake had a negative net margin of 1.60% and a positive return on equity of 2.77%. The firm had revenue of $288.91 million during the quarter, compared to the consensus estimate of $299.04 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 5.3%. Monro Muffler Brake’s dividend payout ratio is currently -167.16%.

About Monro Muffler Brake

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.