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

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

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

Insider Transactions at Monro Muffler Brake

In other Monro Muffler Brake news, CEO Peter D. Fitzsimmons bought 12,750 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average cost of $19.68 per share, for a total transaction of $250,920.00. Following the completion of the transaction, the chief executive officer owned 112,033 shares of the company’s stock, valued at $2,204,809.44. This represents a 12.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MNRO. Huntington National Bank raised its holdings in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Monro Muffler Brake by 4.6% in the first 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 during the period. Rhumbline Advisers grew its position in shares of Monro Muffler Brake by 2.8% during the third quarter. Rhumbline Advisers now owns 91,446 shares of the auto parts company’s stock worth $1,643,000 after purchasing an additional 2,513 shares in the last quarter. GAMMA Investing LLC raised its stake in Monro Muffler Brake by 181.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 4,717 shares during the period. Finally, Empowered Funds LLC raised its stake in Monro Muffler Brake by 5.6% during the 1st quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock valued at $2,049,000 after purchasing an additional 7,464 shares during the period.

Monro Muffler Brake Stock Down 10.1%

Shares of Monro Muffler Brake stock opened at $15.46 on Friday. Monro Muffler Brake has a twelve month low of $12.19 and a twelve month high of $23.91. The company has a quick ratio of 0.15, a current ratio of 0.45 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $20.58 and its 200 day moving average is $19.04. The company has a market cap of $464.11 million, a price-to-earnings ratio of -32.89, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $293.39 million during the quarter, compared to analyst estimates of $295.19 million. Monro Muffler Brake had a negative net margin of 1.06% and a positive return on equity of 2.69%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Research analysts anticipate that Monro Muffler Brake will post 0.63 EPS for the current year.

Monro Muffler Brake Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.2%. Monro Muffler Brake’s dividend payout ratio (DPR) is presently -238.30%.

Monro Muffler Brake Company Profile

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.