Monro Muffler Brake (NASDAQ:MNRO) CEO Peter Fitzsimmons Buys 12,750 Shares

Monro Muffler Brake, Inc. (NASDAQ:MNRO) CEO Peter Fitzsimmons bought 12,750 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was bought at an average cost of $19.68 per share, for a total transaction of $250,920.00. Following the transaction, the chief executive officer directly owned 112,033 shares of the company’s stock, valued at $2,204,809.44. The trade was a 12.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Monro Muffler Brake Price Performance

Shares of MNRO opened at $21.04 on Tuesday. The firm has a 50-day simple moving average of $20.28 and a two-hundred day simple moving average of $18.20. The stock has a market cap of $631.62 million, a PE ratio of -44.77, a P/E/G ratio of 2.55 and a beta of 1.03. Monro Muffler Brake, Inc. has a 1-year low of $12.19 and a 1-year high of $21.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.45 and a quick ratio of 0.15.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Monro Muffler Brake had a negative net margin of 1.06% and a positive return on equity of 2.69%. The firm had revenue of $293.39 million during the quarter, compared to analysts’ expectations of $295.19 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, analysts forecast that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.3%. Monro Muffler Brake’s payout ratio is presently -238.30%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MNRO. Wells Fargo & Company decreased their target price on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.67.

Institutional Trading of Monro Muffler Brake

A number of large investors have recently made changes to their positions in the company. Huntington National Bank lifted its stake in Monro Muffler Brake by 61.5% in the fourth quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 760 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Monro Muffler Brake by 181.4% in the 3rd quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 4,717 shares in the last quarter. TradeLink Capital LLC purchased a new stake in shares of Monro Muffler Brake during the 3rd quarter worth $226,000. Los Angeles Capital Management LLC acquired a new position in shares of Monro Muffler Brake during the second quarter worth $221,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Monro Muffler Brake by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 780 shares in the last quarter.

Monro Muffler Brake Company Profile

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.