Cygnus Capital Advisors LLC Grows Stake in Monro Muffler Brake, Inc. $MNRO

Cygnus Capital Advisors LLC lifted its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 826.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 304,495 shares of the auto parts company’s stock after purchasing an additional 271,615 shares during the period. Monro Muffler Brake comprises approximately 3.5% of Cygnus Capital Advisors LLC’s portfolio, making the stock its 9th largest holding. Cygnus Capital Advisors LLC’s holdings in Monro Muffler Brake were worth $5,209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Huntington National Bank raised its position in shares of 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Monro Muffler Brake by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 780 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Monro Muffler Brake by 455.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 2,691 shares during the period. California State Teachers Retirement System increased its stake in shares of Monro Muffler Brake by 280.2% in the 2nd quarter. California State Teachers Retirement System now owns 5,886 shares of the auto parts company’s stock valued at $101,000 after purchasing an additional 4,338 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Monro Muffler Brake by 5.6% in the 1st quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock valued at $2,049,000 after purchasing an additional 7,464 shares in the last quarter.

Monro Muffler Brake Stock Performance

NASDAQ MNRO opened at $13.29 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.49 and a quick ratio of 0.16. The stock’s 50 day simple moving average is $14.39 and its 200-day simple moving average is $16.04. The company has a market cap of $415.45 million, a PE ratio of 60.41, a price-to-earnings-growth ratio of 11.07 and a beta of 1.05. Monro Muffler Brake, Inc. has a 1-year low of $11.06 and a 1-year high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13). Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%.The firm had revenue of $287.13 million for the quarter, compared to analysts’ expectations of $286.30 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Monro Muffler Brake, Inc. will post 0.08 EPS for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.4%. Monro Muffler Brake’s dividend payout ratio is presently 509.09%.

Analyst Ratings Changes

MNRO has been the subject of a number of analyst reports. Weiss Ratings cut Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Wall Street Zen cut shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Wells Fargo & Company decreased their price objective on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. Stephens dropped their target price on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research cut shares of Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Monro Muffler Brake currently has an average rating of “Hold” and an average price target of $24.33.

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.