Connor Clark & Lunn Investment Management Ltd. Has $1.81 Million Stock Holdings in Monro Muffler Brake, Inc. $MNRO

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in Monro Muffler Brake, Inc. by 734.1% during the 1st quarter, acquiring an additional 109,800 shares and now holding approximately 0.42% of the company.
• Monro Muffler Brake reported a quarterly earnings per share (EPS) of $0.22, surpassing analysts' expectations, with revenue increasing to $301.04 million for the quarter.
• The company declared a quarterly dividend of $0.28 per share with an annualized yield of 7.1%, though its dividend payout ratio is notably negative at -167.16%.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 734.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,757 shares of the auto parts company's stock after acquiring an additional 109,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.42% of Monro Muffler Brake worth $1,805,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in Monro Muffler Brake by 964.8% during the 1st quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 1,756 shares in the last quarter. CWM LLC raised its stake in shares of Monro Muffler Brake by 132.3% in the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company's stock worth $44,000 after buying an additional 1,747 shares in the last quarter. Quarry LP raised its stake in shares of Monro Muffler Brake by 84.5% in the 4th quarter. Quarry LP now owns 4,918 shares of the auto parts company's stock worth $122,000 after buying an additional 2,252 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Monro Muffler Brake by 1,276.7% in the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock worth $98,000 after buying an additional 6,307 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Monro Muffler Brake by 640.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company's stock worth $118,000 after buying an additional 7,076 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MNRO shares. Wells Fargo & Company dropped their price objective on Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen raised Monro Muffler Brake from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Monro Muffler Brake presently has a consensus rating of "Moderate Buy" and an average target price of $17.33.

Monro Muffler Brake Trading Down 2.2%

Shares of Monro Muffler Brake stock traded down $0.35 on Thursday, reaching $15.71. 536,893 shares of the company were exchanged, compared to its average volume of 1,134,555. The stock has a fifty day moving average price of $15.29 and a 200-day moving average price of $15.62. The firm has a market capitalization of $470.99 million, a price-to-earnings ratio of -23.45, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The company has a current ratio of 0.50, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. Monro Muffler Brake, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The company had revenue of $301.04 million for the quarter, compared to analyst estimates of $295.05 million. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.Monro Muffler Brake's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.1%. Monro Muffler Brake's payout ratio is -167.16%.

Monro Muffler Brake Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.