Equities research analysts at Guggenheim assumed coverage on shares of Monro Muffler Brake (NASDAQ:MNRO) in a report released on Tuesday. The brokerage set a “buy” rating and a $67.00 price target on the auto parts company’s stock. Guggenheim’s price objective points to a potential upside of 23.05% from the company’s previous close.
Several other brokerages have also commented on MNRO. BidaskClub upgraded shares of Monro Muffler Brake from a “hold” rating to a “buy” rating in a research note on Friday, April 13th. ValuEngine upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Zacks Investment Research lowered shares of Monro Muffler Brake from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Oppenheimer reiterated a “buy” rating on shares of Monro Muffler Brake in a research note on Tuesday, January 30th. Finally, SunTrust Banks started coverage on shares of Monro Muffler Brake in a research note on Thursday, March 22nd. They set a “hold” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.13.
Shares of NASDAQ:MNRO opened at $54.45 on Tuesday. 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 firm has a market cap of $1,736.49, a P/E ratio of 29.43, a P/E/G ratio of 1.50 and a beta of 0.62.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Monro Muffler Brake had a net margin of 5.13% and a return on equity of 10.48%. The firm had revenue of $285.70 million for the quarter, compared to analyst estimates of $292.94 million. During the same period last year, the business earned $0.53 EPS. Monro Muffler Brake’s revenue for the quarter was down .9% compared to the same quarter last year. equities analysts expect that Monro Muffler Brake will post 2.02 EPS for the current fiscal year.
In other Monro Muffler Brake news, Director Stephen C. Mccluski sold 10,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $55.51, for a total transaction of $555,100.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Maureen Mulholland sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $51.00, for a total transaction of $153,000.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB purchased a new position in Monro Muffler Brake during the 4th quarter worth $213,000. Advisor Group Inc. grew its position in 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 worth $219,000 after purchasing an additional 3,443 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Monro Muffler Brake during the 4th quarter worth $232,000. Paloma Partners Management Co purchased a new position in Monro Muffler Brake during the 4th quarter worth $233,000. Finally, D.B. Root & Company LLC purchased a new position in Monro Muffler Brake during the 4th quarter worth $249,000.
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.
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