Monro Muffler Brake (NASDAQ:MNRO) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Monro Muffler Brake, Inc. (NASDAQ:MNRO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.23 and traded as high as $19.24. Monro Muffler Brake shares last traded at $18.97, with a volume of 990,247 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MNRO shares. Wells Fargo & Company decreased their price target on shares of Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.67.

Monro Muffler Brake Stock Down 2.2%

The firm has a market capitalization of $569.48 million, a P/E ratio of -28.31, a PEG ratio of 1.67 and a beta of 1.09. The firm’s 50 day moving average is $17.57 and its two-hundred day moving average is $16.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.48 and a quick ratio of 0.16.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $288.91 million for the quarter, compared to analyst estimates of $299.04 million. Monro Muffler Brake had a negative net margin of 1.60% and a positive return on equity of 2.77%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. Research analysts predict that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, December 2nd. Monro Muffler Brake’s dividend payout ratio (DPR) is -167.16%.

Insiders Place Their Bets

In other Monro Muffler Brake news, major shareholder Carl C. Icahn acquired 639,473 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $15.19 per share, for a total transaction of $9,713,594.87. Following the completion of the purchase, the insider directly owned 4,439,914 shares of the company’s stock, valued at approximately $67,442,293.66. This represents a 16.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 1,278,132 shares of company stock worth $20,815,969 over the last 90 days. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its stake in Monro Muffler Brake by 1.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,741,498 shares of the auto parts company’s stock valued at $39,670,000 after acquiring an additional 39,248 shares during the period. Nomura Holdings Inc. increased its holdings in shares of Monro Muffler Brake by 62.8% in the first quarter. Nomura Holdings Inc. now owns 1,681,250 shares of the auto parts company’s stock valued at $24,328,000 after purchasing an additional 648,269 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Monro Muffler Brake by 20.5% in the first quarter. Gamco Investors INC. ET AL now owns 822,515 shares of the auto parts company’s stock valued at $11,902,000 after purchasing an additional 139,730 shares during the period. Clearline Capital LP acquired a new stake in shares of Monro Muffler Brake during the 1st quarter worth about $11,810,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Monro Muffler Brake by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock worth $9,956,000 after buying an additional 68,862 shares during the last quarter.

About Monro Muffler Brake

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.