Invenomic Capital Management LP Has $8.84 Million Position in Monro Muffler Brake, Inc. $MNRO

Key Points

• Invenomic Capital Management LP has increased its position in Monro Muffler Brake, Inc. by 27.4%, owning 610,784 shares valued at approximately $8.84 million.
• Monro Muffler Brake reported earnings of $0.22 per share, beating expectations, with revenue of $301.04 million for the last quarter, reflecting a 2.7% year-over-year increase.
• The company declared a quarterly dividend of $0.28 per share, which results in an annualized yield of 6.5%.

Invenomic Capital Management LP raised its holdings in Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 27.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 610,784 shares of the auto parts company's stock after purchasing an additional 131,357 shares during the quarter. Invenomic Capital Management LP owned 2.04% of Monro Muffler Brake worth $8,838,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MNRO. Janney Montgomery Scott LLC bought a new position in Monro Muffler Brake during the 1st quarter worth $359,000. GSA Capital Partners LLP bought a new stake in Monro Muffler Brake during the 1st quarter worth approximately $629,000. SG Americas Securities LLC bought a new stake in Monro Muffler Brake during the 1st quarter worth approximately $680,000. Deutsche Bank AG grew its holdings in shares of Monro Muffler Brake by 253.8% in the fourth quarter. Deutsche Bank AG now owns 72,170 shares of the auto parts company's stock valued at $1,790,000 after acquiring an additional 51,772 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Monro Muffler Brake by 6.7% in the fourth quarter. Northern Trust Corp now owns 332,681 shares of the auto parts company's stock valued at $8,250,000 after acquiring an additional 20,831 shares in the last quarter.

Monro Muffler Brake Stock Up 1.8%

NASDAQ MNRO opened at $17.17 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.50 and a quick ratio of 0.16. The stock has a market capitalization of $514.76 million, a PE ratio of -25.63, a PEG ratio of 1.54 and a beta of 1.09. Monro Muffler Brake, Inc. has a 1 year low of $12.19 and a 1 year high of $30.18. The business's 50-day moving average is $15.82 and its 200 day moving average is $15.45.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $301.04 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. Sell-side analysts forecast that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, August 26th. Monro Muffler Brake's payout ratio is presently -167.16%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MNRO. Wells Fargo & Company dropped their target price on Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 31st. Wall Street Zen upgraded Monro Muffler Brake from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.33.

Monro Muffler Brake Company 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.

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