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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.08 and traded as high as $20.16. Monro Muffler Brake shares last traded at $19.72, with a volume of 745,670 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MNRO. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Thursday, January 22nd. Wells Fargo & Company dropped their target price on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Monro Muffler Brake currently has an average rating of “Hold” and a consensus price target of $17.67.

Monro Muffler Brake Stock Up 4.6%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.15 and a current ratio of 0.45. The firm has a 50 day simple moving average of $20.17 and a two-hundred day simple moving average of $18.08. The stock has a market cap of $591.99 million, a P/E ratio of -41.96, a P/E/G ratio of 2.29 and a beta of 1.03.

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

Monro Muffler Brake Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.12 annualized dividend and a yield of 5.7%. Monro Muffler Brake’s dividend payout ratio (DPR) is presently -238.30%.

Insider Buying and Selling at Monro Muffler Brake

In related news, major shareholder Carl C. Icahn acquired 101,422 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $1,772,856.56. Following the completion of the acquisition, the insider directly owned 5,078,573 shares of the company’s stock, valued at approximately $88,773,456.04. The trade was a 2.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Monro Muffler Brake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Monro Muffler Brake by 181.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 4,717 shares in the last quarter. TradeLink Capital LLC bought a new position in Monro Muffler Brake during the third quarter valued at about $226,000. Los Angeles Capital Management LLC bought a new position in Monro Muffler Brake during the second quarter valued at about $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Monro Muffler Brake by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 780 shares during the period. Finally, Royal Bank of Canada raised its position in Monro Muffler Brake by 139.8% in the first quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock worth $404,000 after acquiring an additional 16,268 shares in the last quarter.

About Monro Muffler Brake

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.