The Manufacturers Life Insurance Company boosted its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,450 shares of the auto parts company’s stock after purchasing an additional 85 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Monro Muffler Brake worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MNRO. UBS Asset Management Americas Inc. grew its holdings in Monro Muffler Brake by 52.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 17,709 shares of the auto parts company’s stock valued at $923,000 after purchasing an additional 6,059 shares in the last quarter. Teachers Advisors LLC grew its holdings in Monro Muffler Brake by 2.9% during the 1st quarter. Teachers Advisors LLC now owns 52,925 shares of the auto parts company’s stock valued at $2,757,000 after purchasing an additional 1,500 shares in the last quarter. Vanguard Group Inc. grew its holdings in Monro Muffler Brake by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock worth $157,528,000 after acquiring an additional 183,577 shares in the last quarter. Geode Capital Management LLC grew its holdings in Monro Muffler Brake by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 267,796 shares of the auto parts company’s stock worth $13,952,000 after acquiring an additional 19,698 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Monro Muffler Brake by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 714,538 shares of the auto parts company’s stock worth $37,228,000 after acquiring an additional 24,175 shares in the last quarter.

Monro Muffler Brake, Inc. (MNRO) opened at $47.75 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 0.28. Monro Muffler Brake, Inc. has a 52-week low of $39.65 and a 52-week high of $61.75. The stock has a market cap of $1,577.97, a PE ratio of 25.08, a PEG ratio of 1.77 and a beta of 0.68.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. The company had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period last year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. research analysts anticipate that Monro Muffler Brake, Inc. will post 2.02 earnings per share for the current year.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Friday, October 13th. 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) reissued a “neutral” rating and set a $51.00 price objective (down from $54.00) on shares of Monro Muffler Brake in a report on Saturday, July 22nd. KeyCorp reissued a “hold” rating on shares of Monro Muffler Brake in a report on Tuesday, October 24th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $60.00 price objective on shares of Monro Muffler Brake in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Monro Muffler Brake presently has a consensus rating of “Hold” and a consensus price target of $63.33.

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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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