Landscape Capital Management L.L.C. Purchases New Shares in Monro Muffler Brake, Inc. $MNRO

Key Points

• Landscape Capital Management L.L.C. has acquired 223,227 shares of Monro Muffler Brake, Inc., amounting to a value of approximately $3.23 million, making it a notable investor in the company.
• Monro Muffler Brake reported earnings per share of $0.22 for the last quarter, exceeding analyst expectations, and had a revenue increase of 2.7% year-over-year.
• The company also declared a quarterly dividend of $0.28 per share, resulting in an annual yield of 6.6%, indicating a commitment to returning value to shareholders.

Landscape Capital Management L.L.C. purchased a new stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 223,227 shares of the auto parts company's stock, valued at approximately $3,230,000. Landscape Capital Management L.L.C. owned approximately 0.75% of Monro Muffler Brake at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MNRO. Versant Capital Management Inc raised its holdings in shares of Monro Muffler Brake by 964.8% during the first quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company's stock worth $28,000 after purchasing an additional 1,756 shares during the period. CWM LLC boosted its stake in Monro Muffler Brake by 132.3% in the first quarter. CWM LLC now owns 3,067 shares of the auto parts company's stock valued at $44,000 after acquiring an additional 1,747 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Monro Muffler Brake during the first quarter valued at approximately $65,000. GAMMA Investing LLC raised its position in shares of Monro Muffler Brake by 1,276.7% during the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock worth $98,000 after purchasing an additional 6,307 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings 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 purchasing an additional 7,076 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Monro Muffler Brake Price Performance

Shares of MNRO traded up $0.13 during midday trading on Wednesday, reaching $16.62. The stock had a trading volume of 73,834 shares, compared to its average volume of 939,230. 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 company has a market capitalization of $498.27 million, a P/E ratio of -24.81, a P/E/G ratio of 1.51 and a beta of 1.09. The firm's 50 day moving average price is $15.69 and its 200-day moving average price is $15.46. Monro Muffler Brake, Inc. has a 52 week low of $12.19 and a 52 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 for the quarter, beating the consensus estimate of $0.17 by $0.05. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.The business had revenue of $301.04 million during the quarter, compared to analysts' expectations of $295.05 million. During the same quarter last year, the business posted $0.22 earnings per share. The company's quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 26th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, August 26th. Monro Muffler Brake's payout ratio is presently -167.16%.

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.