Monro Muffler Brake (NASDAQ:MNRO) Stock Rating Upgraded by Oppenheimer

Monro Muffler Brake (NASDAQ:MNRO) was upgraded by investment analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a $40.00 price objective on the auto parts company’s stock. Oppenheimer’s target price would indicate a potential upside of 69.64% from the stock’s previous close.

Several other research analysts have also weighed in on MNRO. Wells Fargo & Company lowered their price target 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. Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Sunday, January 18th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Monro Muffler Brake presently has a consensus rating of “Hold” and an average price target of $23.25.

Monro Muffler Brake Stock Up 1.8%

Monro Muffler Brake stock opened at $23.58 on Wednesday. The company has a market cap of $707.87 million, a P/E ratio of -50.17, a price-to-earnings-growth ratio of 2.81 and a beta of 1.03. Monro Muffler Brake has a 1-year low of $12.19 and a 1-year high of $23.88. The company has a fifty day simple moving average of $20.50 and a 200 day simple moving average of $18.31. 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 the consensus estimate of $0.12 by $0.04. The firm had revenue of $293.39 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. Research analysts anticipate that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at Monro Muffler Brake

In related news, CEO Peter D. Fitzsimmons acquired 12,750 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $19.68 per share, for a total transaction of $250,920.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Monro Muffler Brake

Several hedge funds and other institutional investors have recently modified their holdings of MNRO. Huntington National Bank raised its holdings in 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 valued at $40,000 after acquiring an additional 760 shares during the period. GAMMA Investing LLC grew its position in shares of Monro Muffler Brake by 181.4% in the third 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 during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Monro Muffler Brake during the second quarter worth approximately $221,000. TradeLink Capital LLC bought a new position in shares of Monro Muffler Brake during the third quarter worth approximately $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 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.