Monro Muffler Brake (NASDAQ:MNRO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Monro Muffler Brake, Inc. (NASDAQ:MNRO) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.22 and traded as high as $20.45. Monro Muffler Brake shares last traded at $20.04, with a volume of 428,184 shares traded.

Analyst Ratings Changes

A number of research firms have commented on MNRO. Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Wells Fargo & Company decreased their price target on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.67.

Monro Muffler Brake Stock Down 1.5%

The firm has a market cap of $601.60 million, a P/E ratio of -29.91, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00. The firm’s 50 day moving average is $18.77 and its two-hundred day moving average is $17.22. The company has a current ratio of 0.48, a quick ratio of 0.16 and a debt-to-equity ratio of 0.44.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Monro Muffler Brake had a negative net margin of 1.60% and a positive return on equity of 2.77%. The company had revenue of $288.91 million for the quarter, compared to analyst estimates of $299.04 million. During the same period last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts anticipate that Monro Muffler Brake, Inc. will post 0.63 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Tuesday, December 2nd. Monro Muffler Brake’s dividend payout ratio is -167.16%.

Insider Activity

In other Monro Muffler Brake news, major shareholder Carl C. Icahn purchased 101,422 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $17.48 per share, with a total value of $1,772,856.56. Following the purchase, the insider directly owned 5,078,573 shares of the company’s stock, valued at $88,773,456.04. The trade was a 2.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 1,278,132 shares of company stock valued at $20,815,969. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Monro Muffler Brake

A number of institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new stake in Monro Muffler Brake in the third quarter valued at $504,000. Rhumbline Advisers lifted its stake in Monro Muffler Brake by 2.8% in the 3rd quarter. Rhumbline Advisers now owns 91,446 shares of the auto parts company’s stock valued at $1,643,000 after purchasing an additional 2,513 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Monro Muffler Brake by 40.5% during the third quarter. SummerHaven Investment Management LLC now owns 52,586 shares of the auto parts company’s stock worth $945,000 after buying an additional 15,154 shares during the last quarter. TradeLink Capital LLC acquired a new stake in shares of Monro Muffler Brake in the third quarter valued at approximately $226,000. Finally, SG Americas Securities LLC boosted its stake in shares of Monro Muffler Brake by 132.1% during the 3rd quarter. SG Americas Securities LLC now owns 52,018 shares of the auto parts company’s stock worth $935,000 after acquiring an additional 29,603 shares during the period.

Monro Muffler Brake Company Profile

Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.