Trade Report: The Capital Fund Management S.A. Acquires Shares of 20,100 Monro Muffler Brake Inc. (MNRO)

The Capital Fund Management S.A. Acquires Shares of 20,100 Monro Muffler Brake Inc. (MNRO)

Capital Fund Management S.A. purchased a new stake in shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,100 shares of the company’s stock, valued at approximately $1,278,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MNRO. BlackRock Inc. increased its position in shares of Monro Muffler Brake by 142.1% in the first quarter. BlackRock Inc. now owns 2,365 shares of the company’s stock valued at $169,000 after buying an additional 1,388 shares during the period. Capital Analysts LLC acquired a new position in shares of Monro Muffler Brake during the second quarter valued at $206,000. Mount Lucas Management LP increased its position in shares of Monro Muffler Brake by 10.6% in the first quarter. Mount Lucas Management LP now owns 4,115 shares of the company’s stock valued at $294,000 after buying an additional 393 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Monro Muffler Brake during the first quarter valued at $297,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Monro Muffler Brake by 4.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,400 shares of the company’s stock valued at $280,000 after buying an additional 200 shares during the period.

Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 1.13% during mid-day trading on Friday, reaching $60.18. 183,660 shares of the company were exchanged. Monro Muffler Brake Inc. has a 12 month low of $55.24 and a 12 month high of $77.00. The firm’s 50-day moving average is $58.81 and its 200-day moving average is $63.66. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 31.04 and a beta of 0.84.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm earned $236.90 million during the quarter, compared to analysts’ expectations of $235.12 million. Monro Muffler Brake had a net margin of 6.86% and a return on equity of 12.54%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. On average, equities analysts forecast that Monro Muffler Brake Inc. will post $2.15 earnings per share for the current fiscal year.

Several brokerages have weighed in on MNRO. Zacks Investment Research upgraded Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 20th. Susquehanna initiated coverage on Monro Muffler Brake in a report on Thursday, August 25th. They issued a “positive” rating and a $66.00 price target for the company. Jefferies Group restated a “buy” rating and set a $72.00 price objective on shares of Monro Muffler Brake in a report on Friday, July 29th. Gabelli initiated coverage on Monro Muffler Brake in a report on Thursday, August 25th. They set a “hold” rating for the company. Finally, Northcoast Research downgraded Monro Muffler Brake from a “neutral” rating to a “sell” rating in a report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $75.88.

In related news, insider Christopher R. Hoornbeck sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $56.70, for a total value of $382,725.00. Following the completion of the transaction, the insider now owns 26,855 shares of the company’s stock, valued at approximately $1,522,678.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John C. Lamb sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $56.22, for a total transaction of $36,543.00. Following the completion of the transaction, the insider now directly owns 500 shares of the company’s stock, valued at approximately $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.

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