Monro Muffler Brake, Inc. (NASDAQ:MNRO) Given Consensus Recommendation of “Hold” by Brokerages

by · The Markets Daily

Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO – Get Free Report) have earned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.3333.

MNRO has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Weiss Ratings upgraded Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Wells Fargo & Company reduced their price objective on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 11th. Stephens cut their price target on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Finally, Wall Street Zen cut shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st.

Get Our Latest Stock Report on Monro Muffler Brake

Institutional Investors Weigh In On Monro Muffler Brake

Institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank boosted 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 purchasing an additional 760 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Monro Muffler Brake by 455.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 2,691 shares during the last quarter. Baird Financial Group Inc. bought a new position in Monro Muffler Brake during the 2nd quarter worth approximately $207,000. Penn Capital Management Company LLC grew its holdings in Monro Muffler Brake by 31.9% during the second quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company’s stock valued at $1,071,000 after purchasing an additional 15,146 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Monro Muffler Brake by 19.1% in the first quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock worth $2,372,000 after purchasing an additional 23,679 shares during the period.

Monro Muffler Brake Stock Up 0.6%

Shares of NASDAQ MNRO opened at $12.25 on Friday. The stock has a market cap of $382.94 million, a PE ratio of 55.68, a PEG ratio of 10.15 and a beta of 1.05. The business has a fifty day moving average of $13.66 and a two-hundred day moving average of $15.49. Monro Muffler Brake has a 52-week low of $11.06 and a 52-week high of $23.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.49.

Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last posted its earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.13). The firm had revenue of $287.13 million during the quarter, compared to the consensus estimate of $286.30 million. Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%.The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. As a group, equities research analysts expect that Monro Muffler Brake will post 0.08 earnings per share for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Tuesday, August 25th. Monro Muffler Brake’s dividend payout ratio is 509.09%.

Monro Muffler Brake Company Profile

(Get Free Report)

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire company headquartered in Rochester, New York. The company operates service centers that provide maintenance and repair services for passenger vehicles, light trucks and other consumer vehicles.

Its services include tire sales and installation, brake repair, muffler and exhaust work, wheel alignment, steering and suspension repairs, and routine maintenance such as oil changes and fluid services. Monro serves customers through a portfolio of retail brands, including Monro Auto Service and Tire Centers, Mr.

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