BidaskClub Upgrades Monro Muffler Brake (MNRO) to “Hold”

Monro Muffler Brake (NASDAQ:MNRO) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. KeyCorp reissued a “hold” rating on shares of Monro Muffler Brake in a research report on Tuesday, October 24th. Jefferies Group reissued a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a research report on Tuesday, September 12th. TheStreet raised shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Finally, Oppenheimer set a $70.00 target price on shares of Monro Muffler Brake and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Monro Muffler Brake has a consensus rating of “Hold” and an average price target of $63.33.

Shares of Monro Muffler Brake (NASDAQ:MNRO) opened at $54.25 on Thursday. The firm has a market cap of $1,736.92, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $61.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.28 and a current ratio of 1.00.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. Monro Muffler Brake’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. equities analysts expect that Monro Muffler Brake will post 2.02 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Forward Management LLC lifted its stake in Monro Muffler Brake by 9.5% during the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 231 shares during the period. Victory Capital Management Inc. lifted its stake in Monro Muffler Brake by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock valued at $126,000 after acquiring an additional 452 shares during the period. Capital Analysts LLC lifted its stake in Monro Muffler Brake by 18.5% during the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock valued at $178,000 after acquiring an additional 665 shares during the period. Stephens Inc. AR lifted its stake in Monro Muffler Brake by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock valued at $205,000 after acquiring an additional 45 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Monro Muffler Brake by 29.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock valued at $238,000 after acquiring an additional 1,313 shares during the period.

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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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