Monro Muffler Brake, Inc. (MNRO) – What Are Analysts Thinking About This Stock?

Monro Muffler Brake, Inc. (NASDAQ:MNRO) has received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.33.

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings downgraded Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, September 29th. Stephens reduced their target price on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Zacks Research upgraded Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th.

Hedge Funds Weigh In On Monro Muffler Brake

A number of institutional investors and hedge funds have recently bought and sold shares of MNRO. Cygnus Capital Advisors LLC increased its stake in shares of Monro Muffler Brake by 826.1% in the second quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company’s stock valued at $5,209,000 after buying an additional 271,615 shares in the last quarter. Baird Financial Group Inc. bought a new position in shares of Monro Muffler Brake in the second quarter valued at about $207,000. Penn Capital Management Company LLC lifted its position in Monro Muffler Brake by 31.9% during the 2nd quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company’s stock worth $1,071,000 after buying an additional 15,146 shares in the last quarter. Sound Income Strategies LLC lifted its position in Monro Muffler Brake by 455.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock worth $54,000 after buying an additional 2,691 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Monro Muffler Brake by 19.1% during the 1st quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock worth $2,372,000 after buying an additional 23,679 shares in the last quarter.

Monro Muffler Brake Stock Performance

Monro Muffler Brake stock opened at $13.80 on Tuesday. The firm has a market capitalization of $431.39 million, a P/E ratio of 113.67, a P/E/G ratio of 11.37 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.49 and a quick ratio of 0.16. The stock has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $15.02. Monro Muffler Brake has a 52-week low of $11.06 and a 52-week high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13). The firm had revenue of $287.13 million for the quarter, compared to the consensus estimate of $286.30 million. Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, analysts anticipate that Monro Muffler Brake will post 0.08 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, August 25th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, August 25th. Monro Muffler Brake’s dividend payout ratio (DPR) is currently 509.09%.

Monro Muffler Brake Company Profile

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire retailer serving customers across the United States. The company operates service centers that provide routine vehicle maintenance, repair services and tire-related products for passenger cars and light trucks.

Its services generally include tire sales and installation, wheel alignment, brake repair, exhaust-system service, oil changes, suspension and steering work, battery replacement, state inspections and other preventive maintenance.