Zacks Investment Research upgraded shares of Monro Muffler Brake (NASDAQ:MNRO) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $59.00 target price on the auto parts company’s stock.
According to Zacks, “Monro Muffler Brake, Inc. is a chain of 1,118 Company-operated stores, 114 franchised locations, five wholesale locations, two retread facilities and 14 dealer-operated stores providing automotive undercar repair and tire sales and services. Monro Muffler Brake operates a chain of stores providing automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, Speedy Auto Service by Monro, Kimmel Tires – Auto Service and Tread Quarters Discount Tires. Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of new construction stores. “
A number of other research analysts have also recently issued reports on the company. SunTrust Banks assumed coverage on Monro Muffler Brake in a research report on Thursday, March 22nd. They issued a hold rating and a $55.00 target price on the stock. BidaskClub raised Monro Muffler Brake from a sell rating to a hold rating in a research note on Saturday, March 3rd. TheStreet lowered Monro Muffler Brake from a b- rating to a c+ rating in a research note on Tuesday, February 27th. Jefferies Group reissued a hold rating on shares of Monro Muffler Brake in a research note on Wednesday, January 31st. Finally, Oppenheimer reissued a buy rating on shares of Monro Muffler Brake in a research note on Tuesday, January 30th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Monro Muffler Brake currently has a consensus rating of Hold and a consensus target price of $60.71.
Monro Muffler Brake stock opened at $55.55 on Wednesday. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $64.15. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1,872.59, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 1.62 and a beta of 0.62.
Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. Monro Muffler Brake had a return on equity of 10.48% and a net margin of 5.13%. The firm had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $292.94 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. equities analysts anticipate 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 was paid on Monday, March 26th. Stockholders of record on Friday, March 16th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Thursday, March 15th. Monro Muffler Brake’s payout ratio is 38.92%.
In related news, Director Stephen C. Mccluski sold 10,000 shares of Monro Muffler Brake stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $55.51, for a total value of $555,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Maureen Mulholland sold 3,000 shares of Monro Muffler Brake stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $51.00, for a total value of $153,000.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. lifted its stake in shares of Monro Muffler Brake by 13.6% in the fourth quarter. Wasatch Advisors Inc. now owns 3,290,061 shares of the auto parts company’s stock worth $187,369,000 after acquiring an additional 394,585 shares during the period. ArrowMark Colorado Holdings LLC lifted its stake in shares of Monro Muffler Brake by 9.1% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,070,591 shares of the auto parts company’s stock worth $117,920,000 after acquiring an additional 172,064 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Monro Muffler Brake by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,669,553 shares of the auto parts company’s stock worth $95,081,000 after acquiring an additional 4,263 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Monro Muffler Brake by 15.2% in the third quarter. Neuberger Berman Group LLC now owns 1,375,231 shares of the auto parts company’s stock worth $77,082,000 after acquiring an additional 181,405 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Monro Muffler Brake by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 509,440 shares of the auto parts company’s stock worth $29,013,000 after acquiring an additional 3,514 shares during the period.
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Monro Muffler Brake Company Profile
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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