Oppenheimer reiterated their buy rating on shares of Monro Muffler Brake (NASDAQ:MNRO) in a report released on Friday morning.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Monro Muffler Brake from a hold rating to a sell rating in a report on Friday, October 13th. BidaskClub upgraded shares of Monro Muffler Brake from a sell rating to a hold rating in a research note on Thursday, December 7th. KeyCorp reiterated a hold rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. Jefferies Group reiterated a buy rating and issued a $60.00 price target on shares of Monro Muffler Brake in a research note on Tuesday, September 12th. Finally, TheStreet upgraded shares of Monro Muffler Brake from a c+ rating to a b- rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $63.33.

Shares of Monro Muffler Brake (MNRO) traded up $1.30 during mid-day trading on Friday, hitting $52.35. 815,282 shares of the company were exchanged, compared to its average volume of 278,133. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1,760.00, a PE ratio of 26.59, a P/E/G ratio of 1.87 and a beta of 0.67. Monro Muffler Brake has a 52-week low of $39.65 and a 52-week high of $61.10.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.11. Monro Muffler Brake’s payout ratio is currently 38.71%.

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

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Monro Muffler Brake Company Profile

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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