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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) has earned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.3333.

Several analysts have recently commented on the stock. Zacks Research raised shares of Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Wall Street Zen lowered Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Stephens cut their target price on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company reduced their target price on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 11th. Finally, Weiss Ratings raised Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Huntington National Bank increased 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 valued at $40,000 after acquiring an additional 760 shares during the last quarter. Sound Income Strategies LLC lifted its holdings 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 worth $54,000 after acquiring an additional 2,691 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Monro Muffler Brake by 280.2% during the 2nd quarter. California State Teachers Retirement System now owns 5,886 shares of the auto parts company’s stock worth $101,000 after purchasing an additional 4,338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Monro Muffler Brake by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock valued at $257,000 after purchasing an additional 780 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Monro Muffler Brake by 139.8% in the 1st quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after purchasing an additional 16,268 shares during the last quarter.

Monro Muffler Brake Price Performance

Monro Muffler Brake stock opened at $12.55 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $15.07 and a 200 day moving average price of $16.73. Monro Muffler Brake has a 12-month low of $11.06 and a 12-month high of $23.91. The stock has a market cap of $392.31 million, a P/E ratio of 57.05, a PEG ratio of 10.46 and a beta of 1.05.

Monro Muffler Brake (NASDAQ:MNRO) 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). Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The firm had revenue of $287.13 million during the quarter, compared to analyst estimates of $286.30 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Monro Muffler Brake will post 0.08 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Tuesday, August 25th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 8.9%. The ex-dividend date is Tuesday, August 25th. Monro Muffler Brake’s payout ratio is 509.09%.

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.