Monro Muffler Brake, Inc. (NASDAQ:MNRO) has earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $62.75.

Several research analysts have recently weighed in on MNRO shares. TheStreet cut Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Jefferies Group cut Monro Muffler Brake from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Oppenheimer set a $70.00 price objective on Monro Muffler Brake and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research cut Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Monro Muffler Brake in a research report on Tuesday, October 24th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp boosted its position in Monro Muffler Brake by 3.8% during the second quarter. Northern Trust Corp now owns 524,899 shares of the auto parts company’s stock valued at $21,913,000 after purchasing an additional 19,303 shares during the last quarter. Crawford Investment Counsel Inc. boosted its position in Monro Muffler Brake by 92.9% during the second quarter. Crawford Investment Counsel Inc. now owns 59,640 shares of the auto parts company’s stock valued at $2,490,000 after purchasing an additional 28,720 shares during the last quarter. BlackRock Inc. boosted its position in Monro Muffler Brake by 1.0% during the second quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock valued at $170,556,000 after purchasing an additional 41,299 shares during the last quarter. Scout Investments Inc. boosted its position in Monro Muffler Brake by 3.9% during the second quarter. Scout Investments Inc. now owns 95,925 shares of the auto parts company’s stock valued at $4,005,000 after purchasing an additional 3,575 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Monro Muffler Brake by 51.7% during the second quarter. BNP Paribas Arbitrage SA now owns 10,060 shares of the auto parts company’s stock valued at $420,000 after purchasing an additional 3,428 shares during the last quarter.

Shares of Monro Muffler Brake (NASDAQ:MNRO) traded up $0.75 during trading on Friday, hitting $53.25. The company’s stock had a trading volume of 181,789 shares, compared to its average volume of 362,173. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $61.10. The company has a market capitalization of $1,741.83, a P/E ratio of 27.68, a P/E/G ratio of 1.95 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $278.02 million during the quarter, compared to analysts’ expectations of $277.06 million. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. Monro Muffler Brake’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. equities research analysts expect that Monro Muffler Brake will post 2.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 11th. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.11. This represents a $0.72 annualized dividend and a yield of 1.35%. Monro Muffler Brake’s dividend payout ratio is 38.50%.

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About Monro Muffler Brake

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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