Monro Muffler Brake (MNRO) Upgraded at ValuEngine

ValuEngine upgraded shares of Monro Muffler Brake (NASDAQ:MNRO) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

MNRO has been the topic of several other research reports. Zacks Investment Research raised Monro Muffler Brake from a hold rating to a buy rating and set a $69.00 price target on the stock in a report on Wednesday, January 24th. BidaskClub cut Monro Muffler Brake from a buy rating to a hold rating in a report on Friday, February 9th. Oppenheimer reaffirmed a buy rating on shares of Monro Muffler Brake in a report on Tuesday, January 30th. SunTrust Banks initiated coverage on Monro Muffler Brake in a report on Thursday, March 22nd. They issued a hold rating and a $55.00 price target on the stock. Finally, TheStreet cut Monro Muffler Brake from a b- rating to a c+ rating in a report on Tuesday, February 27th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Monro Muffler Brake has an average rating of Hold and an average price target of $60.71.

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Shares of NASDAQ MNRO opened at $55.55 on Wednesday. Monro Muffler Brake has a 52 week low of $39.65 and a 52 week high of $64.15. The company has a quick ratio of 0.33, a current ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1,821.76, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.58 and a beta of 0.62.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Tuesday, January 30th. The auto parts company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Monro Muffler Brake had a return on equity of 10.48% and a net margin of 5.13%. The business had revenue of $285.70 million during the quarter, compared to the consensus estimate of $292.94 million. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue was down .9% compared to the same quarter last year. equities analysts forecast that Monro Muffler Brake will post 2.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Friday, March 16th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.30%. Monro Muffler Brake’s dividend payout ratio is 38.92%.

In related news, Director Stephen C. Mccluski sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $55.51, for a total transaction of $555,100.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Maureen Mulholland sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were 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.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new position in shares of Monro Muffler Brake during the 4th quarter valued at about $213,000. Advisor Group Inc. raised its holdings in shares of Monro Muffler Brake by 837.7% during the 4th quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock valued at $219,000 after buying an additional 3,443 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Monro Muffler Brake during the 4th quarter valued at about $232,000. Paloma Partners Management Co purchased a new position in shares of Monro Muffler Brake during the 4th quarter valued at about $233,000. Finally, D.B. Root & Company LLC purchased a new position in shares of Monro Muffler Brake during the 4th quarter valued at about $249,000.

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About Monro Muffler Brake

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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