Stephens Investment Management Group LLC lessened its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,805 shares of the auto parts company’s stock after selling 35,572 shares during the period. Stephens Investment Management Group LLC owned approximately 0.83% of Monro Muffler Brake worth $11,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Stephens Inc. AR increased its holdings in Monro Muffler Brake by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after acquiring an additional 45 shares during the period. Riverhead Capital Management LLC increased its holdings in Monro Muffler Brake by 255.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,830 shares of the auto parts company’s stock worth $327,000 after acquiring an additional 5,630 shares during the period. TimesSquare Capital Management LLC increased its holdings in Monro Muffler Brake by 3.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,517,629 shares of the auto parts company’s stock worth $63,361,000 after acquiring an additional 56,420 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Monro Muffler Brake by 29.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock worth $238,000 after acquiring an additional 1,313 shares during the period. Finally, Swiss National Bank increased its holdings in Monro Muffler Brake by 3.0% during the 2nd quarter. Swiss National Bank now owns 54,742 shares of the auto parts company’s stock worth $2,285,000 after acquiring an additional 1,600 shares during the period.

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In other Monro Muffler Brake news, VP Craig L. Hoyle sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $48.02, for a total transaction of $96,040.00. Following the sale, the vice president now owns 58,000 shares in the company, valued at approximately $2,785,160. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Brett Ponton bought 5,193 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $47.93 per share, for a total transaction of $248,900.49. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 6,893 shares of company stock worth $328,155 and have sold 244,064 shares worth $11,438,709. 6.20% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on MNRO. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a report on Tuesday. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $51.00 target price (down previously from $54.00) on shares of Monro Muffler Brake in a report on Saturday, July 22nd. Stephens lowered shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Monro Muffler Brake in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Monro Muffler Brake presently has a consensus rating of “Hold” and a consensus target price of $63.33.

Monro Muffler Brake, Inc. (NASDAQ MNRO) traded up 0.40% during mid-day trading on Wednesday, reaching $50.15. 11,947 shares of the company were exchanged. Monro Muffler Brake, Inc. has a one year low of $39.65 and a one year high of $62.07. The stock has a 50 day moving average of $46.82 and a 200-day moving average of $49.24. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 26.70 and a beta of 0.71.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The company had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $270.85 million. During the same quarter last year, the business earned $0.50 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Monday, August 28th were paid a dividend of $0.18 per share. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, August 24th. This represents a $0.72 dividend on an annualized basis and a yield of 1.44%. Monro Muffler Brake’s dividend payout ratio (DPR) is presently 38.30%.

Monro Muffler Brake Profile

Monro, Inc, formerly 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.

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

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