Macquarie Group Ltd. bought a new position in Monro Muffler Brake Inc. (NASDAQ:MNRO) during the second quarter, Holdings Channel reports. The institutional investor bought 22,300 shares of the company’s stock, valued at approximately $1,417,000. Macquarie Group Ltd. owned approximately 0.07% of Monro Muffler Brake at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Monro Muffler Brake by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,690,825 shares of the company’s stock valued at $171,030,000 after buying an additional 67,609 shares during the period. BlackRock Fund Advisors increased its stake in shares of Monro Muffler Brake by 1.9% in the second quarter. BlackRock Fund Advisors now owns 2,015,629 shares of the company’s stock valued at $128,113,000 after buying an additional 37,983 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Monro Muffler Brake by 24.3% in the second quarter. TimesSquare Capital Management LLC now owns 1,295,814 shares of the company’s stock valued at $82,362,000 after buying an additional 253,225 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Monro Muffler Brake by 19.1% in the second quarter. Neuberger Berman Group LLC now owns 1,007,111 shares of the company’s stock valued at $64,012,000 after buying an additional 161,193 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Monro Muffler Brake by 19.9% in the second quarter. PNC Financial Services Group Inc. now owns 781,963 shares of the company’s stock valued at $49,702,000 after buying an additional 129,569 shares during the period.

Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 59.63 on Tuesday. The stock’s 50 day moving average price is $58.07 and its 200 day moving average price is $64.38. The firm has a market capitalization of $1.93 billion, a PE ratio of 30.75 and a beta of 0.99. Monro Muffler Brake Inc. has a 12 month low of $55.24 and a 12 month high of $77.00.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. Monro Muffler Brake had a return on equity of 12.54% and a net margin of 6.86%. The firm had revenue of $236.90 million for the quarter, compared to analyst estimates of $235.12 million. During the same period in the previous year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Monro Muffler Brake Inc. will post $2.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 22nd were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, August 18th. This represents a $0.68 annualized dividend and a yield of 1.14%. Monro Muffler Brake’s dividend payout ratio is 34.87%.

Several analysts recently issued reports on MNRO shares. Zacks Investment Research downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Northcoast Research downgraded Monro Muffler Brake from a “neutral” rating to a “sell” rating in a report on Thursday, July 14th. Sterne Agee CRT reissued a “buy” rating and issued a $75.00 price target (down previously from $77.00) on shares of Monro Muffler Brake in a report on Monday, May 23rd. Gabelli started coverage on Monro Muffler Brake in a report on Thursday, August 25th. They issued a “hold” rating on the stock. Finally, Jefferies Group reissued a “buy” rating and issued a $72.00 price target on shares of Monro Muffler Brake in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Monro Muffler Brake has a consensus rating of “Hold” and a consensus price target of $75.88.

In related news, insider Christopher R. Hoornbeck sold 6,750 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $56.70, for a total transaction of $382,725.00. Following the transaction, the insider now directly owns 26,855 shares in the company, valued at $1,522,678.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John C. Lamb sold 650 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $56.22, for a total value of $36,543.00. Following the transaction, the insider now owns 500 shares in the company, valued at $28,110. The disclosure for this sale can be found here. Corporate insiders own 7.70% of the company’s stock.

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.

5 Day Chart for NASDAQ:MNRO

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).

Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.