Monro Muffler Brake (NASDAQ:MNRO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Monro Muffler Brake, Inc. (NASDAQ:MNRO) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.63 and traded as high as $18.55. Monro Muffler Brake shares last traded at $18.42, with a volume of 764,007 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Monro Muffler Brake from $15.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wall Street Zen upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.33.

Monro Muffler Brake Price Performance

The firm has a market capitalization of $552.23 million, a P/E ratio of -27.49, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.50. The business has a 50 day simple moving average of $17.31 and a two-hundred day simple moving average of $15.63.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $301.04 million for the quarter, compared to analyst estimates of $295.05 million. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. On average, sell-side analysts expect that Monro Muffler Brake, Inc. will post 0.63 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 26th. This represents a $1.12 annualized dividend and a dividend yield of 6.1%. Monro Muffler Brake’s dividend payout ratio is -167.16%.

Hedge Funds Weigh In On Monro Muffler Brake

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Monro Muffler Brake by 453.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 2,131 shares during the period. CWM LLC lifted its holdings in Monro Muffler Brake by 132.3% in the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock worth $44,000 after buying an additional 1,747 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Monro Muffler Brake in the 1st quarter worth approximately $65,000. Nisa Investment Advisors LLC lifted its holdings in Monro Muffler Brake by 640.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company’s stock worth $118,000 after buying an additional 7,076 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Monro Muffler Brake by 13.3% in the 1st quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company’s stock worth $148,000 after buying an additional 1,203 shares during the period.

Monro Muffler Brake Company Profile

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.