Monro Muffler Brake, Inc. (NASDAQ:MNRO) Receives Average Rating of “Hold” from Analysts

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

Several brokerages recently weighed in on MNRO. Oppenheimer raised shares of Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Wednesday, February 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th.

Insiders Place Their Bets

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, for a total transaction of $250,920.00. Following the acquisition, the chief executive officer directly owned 112,033 shares in the company, valued at $2,204,809.44. This trade represents a 12.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Monro Muffler Brake

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank grew its position in shares of Monro Muffler Brake by 61.5% during the fourth 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 in the last quarter. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 4,717 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Monro Muffler Brake in the second quarter worth approximately $221,000. TradeLink Capital LLC purchased a new position in Monro Muffler Brake in the third quarter worth approximately $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 acquiring an additional 780 shares in the last quarter.

Monro Muffler Brake Stock Performance

Shares of Monro Muffler Brake stock opened at $18.38 on Friday. The stock has a market capitalization of $551.77 million, a price-to-earnings ratio of -39.11, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.45 and a quick ratio of 0.15. The business has a 50-day moving average of $20.84 and a 200 day moving average of $19.04. Monro Muffler Brake has a 12 month low of $12.19 and a 12 month high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Monro Muffler Brake had a negative net margin of 1.06% and a positive return on equity of 2.69%. The company had revenue of $293.39 million for the quarter, compared to analyst estimates of $295.19 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Monro Muffler Brake will post 0.63 earnings per share 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 paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, February 24th. Monro Muffler Brake’s payout ratio is presently -238.30%.

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.