Monro, Inc. (NASDAQ:MNRO) Stock Position Increased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its position in shares of Monro, Inc. (NASDAQ:MNRO) by 434.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,550 shares of the auto parts company’s stock after buying an additional 84,996 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Monro were worth $3,017,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of Monro by 99.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 523 shares in the last quarter. Innealta Capital LLC acquired a new position in Monro in the second quarter worth approximately $38,000. Quarry LP increased its holdings in shares of Monro by 361.0% in the second quarter. Quarry LP now owns 2,047 shares of the auto parts company’s stock valued at $49,000 after buying an additional 1,603 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of Monro by 33.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 802 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Monro in the 1st quarter worth $203,000.

Analyst Upgrades and Downgrades

Separately, Stephens assumed coverage on Monro in a research report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price target for the company.

Monro Stock Performance

Monro stock opened at $26.77 on Thursday. Monro, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $33.98. The firm’s 50 day simple moving average is $27.78 and its 200-day simple moving average is $26.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21. The company has a market cap of $801.76 million, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a return on equity of 4.77% and a net margin of 2.24%. The firm had revenue of $301.39 million for the quarter, compared to analysts’ expectations of $300.06 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities research analysts predict that Monro, Inc. will post 0.83 EPS for the current year.

Monro 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.