Monro Muffler Brake (NASDAQ:MNRO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Monro Muffler Brake, Inc. (NASDAQ:MNRO)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.45 and traded as high as $20.89. Monro Muffler Brake shares last traded at $20.79, with a volume of 955,600 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on MNRO shares. Wall Street Zen downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.67.

Monro Muffler Brake Price Performance

The stock’s 50-day moving average price is $19.20 and its 200 day moving average price is $17.45. The company has a quick ratio of 0.16, a current ratio of 0.48 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $624.12 million, a price-to-earnings ratio of -31.03, a PEG ratio of 2.45 and a beta of 1.01.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $288.91 million during the quarter, compared to analysts’ expectations of $299.04 million. Monro Muffler Brake had a negative net margin of 1.60% and a positive return on equity of 2.77%. Monro Muffler Brake’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. Equities research analysts expect that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, December 2nd. Monro Muffler Brake’s dividend payout ratio (DPR) is currently -167.16%.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 639,473 shares of the stock in a transaction on Tuesday, November 4th. The shares were bought at an average price of $15.19 per share, with a total value of $9,713,594.87. Following the completion of the purchase, the insider owned 4,439,914 shares of the company’s stock, valued at approximately $67,442,293.66. This represents a 16.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 1,278,132 shares of company stock worth $20,815,969 in the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MNRO. GAMMA Investing LLC grew its holdings in shares of Monro Muffler Brake by 453.4% in the second quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 2,131 shares during the period. WBI Investments LLC acquired a new position in Monro Muffler Brake in the 1st quarter valued at about $179,000. TradeLink Capital LLC acquired a new position in Monro Muffler Brake in the 3rd quarter valued at about $226,000. Los Angeles Capital Management LLC purchased a new stake in shares of Monro Muffler Brake in the 2nd quarter valued at approximately $221,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Monro Muffler Brake by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock worth $257,000 after buying an additional 780 shares during the last quarter.

Monro Muffler Brake Company Profile

Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.