Analysts Set Monro Muffler Brake, Inc. (NASDAQ:MNRO) PT at $23.25

Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) have received a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $23.25.

Several brokerages have weighed in on MNRO. Oppenheimer upgraded Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Wednesday. Wells Fargo & Company dropped their target price on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Sunday, January 18th.

Insider Buying and Selling

In related news, CEO Peter D. Fitzsimmons purchased 12,750 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were bought at an average price of $19.68 per share, with a total value of $250,920.00. Following the completion of the purchase, the chief executive officer directly owned 112,033 shares in the company, valued at approximately $2,204,809.44. This trade represents a 12.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Monro Muffler Brake

A number of institutional investors and hedge funds have recently made changes to their positions in MNRO. Huntington National Bank raised its position in shares of Monro Muffler Brake by 61.5% in the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after buying an additional 760 shares during the period. GAMMA Investing LLC raised its holdings in shares of Monro Muffler Brake by 181.4% in the 3rd quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock worth $132,000 after purchasing an additional 4,717 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Monro Muffler Brake in the 2nd quarter valued at about $221,000. TradeLink Capital LLC acquired a new position in shares of Monro Muffler Brake in the 3rd quarter valued at about $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 purchasing an additional 780 shares during the period.

Monro Muffler Brake Price Performance

NASDAQ:MNRO opened at $23.81 on Wednesday. Monro Muffler Brake has a 12-month low of $12.19 and a 12-month high of $23.91. The firm has a market cap of $714.78 million, a price-to-earnings ratio of -50.66, a price-to-earnings-growth ratio of 2.81 and a beta of 1.03. The company’s 50-day moving average is $20.59 and its two-hundred day moving average is $18.36. The company has a current ratio of 0.45, a quick ratio of 0.15 and a debt-to-equity ratio of 0.41.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, January 28th. The auto parts company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $293.39 million during the quarter, compared to the consensus estimate of $295.19 million. Monro Muffler Brake had a negative net margin of 1.06% and a positive return on equity of 2.69%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. Research analysts expect that Monro Muffler Brake will post 0.63 EPS for the current year.

Monro Muffler Brake Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. Monro Muffler Brake’s dividend payout ratio (DPR) is currently -238.30%.

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.