Monro Muffler Brake, Inc. (MNRO) Lowered to “Hold” at Jefferies Group LLC
Jefferies Group LLC lowered shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) from a buy rating to a hold rating in a research note published on Thursday morning. Jefferies Group also issued estimates for Monro Muffler Brake’s FY2018 earnings at $2.19 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.35 EPS.
A number of other equities analysts have also commented on MNRO. BidaskClub lowered shares of Monro Muffler Brake from a sell rating to a strong sell rating in a research report on Friday, June 16th. UBS AG lowered shares of Monro Muffler Brake from a positive rating to a neutral rating in a research report on Tuesday, June 20th. Susquehanna Bancshares Inc restated a neutral rating and issued a $61.00 price objective on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a buy rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Finally, Stephens restated an overweight rating and issued a $69.00 price objective on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $63.33.
Monro Muffler Brake (NASDAQ:MNRO) traded up 1.55% during mid-day trading on Thursday, reaching $52.55. 249,633 shares of the company’s stock were exchanged. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 27.98 and a beta of 0.73. Monro Muffler Brake has a 52-week low of $39.65 and a 52-week high of $61.84. The company has a 50-day moving average of $51.57 and a 200-day moving average of $49.00.
Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The company had revenue of $278.50 million during the quarter, compared to analyst estimates of $270.85 million. During the same period last year, the business earned $0.50 earnings per share. Monro Muffler Brake’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts anticipate that Monro Muffler Brake will post $2.13 earnings per share for the current year.
In related news, Director Stephen C. Mccluski bought 1,200 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of $46.45 per share, for a total transaction of $55,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Gross sold 1,473 shares of Monro Muffler Brake stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $46.76, for a total transaction of $68,877.48. Following the sale, the chief executive officer now owns 132,807 shares of the company’s stock, valued at $6,210,055.32. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 6,893 shares of company stock valued at $328,155 and have sold 244,064 shares valued at $11,438,709. Insiders own 6.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MNRO. Forward Management LLC lifted its position in Monro Muffler Brake by 9.5% during the second quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 231 shares during the last quarter. Victory Capital Management Inc. lifted its position in Monro Muffler Brake by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock valued at $126,000 after purchasing an additional 452 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Monro Muffler Brake during the first quarter valued at approximately $141,000. Capital Analysts LLC lifted its position in Monro Muffler Brake by 18.5% during the second quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 665 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in Monro Muffler Brake by 0.9% during the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock valued at $205,000 after purchasing an additional 45 shares during the last quarter.
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.
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