Monro Muffler Brake, Inc. (MNRO) – What Are Brokerages Saying About This Stock?

Monro Muffler Brake, Inc. (NASDAQ:MNRO) has earned an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $24.33.

A number of equities research analysts recently issued reports on the company. Zacks Research raised Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Stephens reduced their price target on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Weiss Ratings downgraded Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, September 29th. Finally, Wall Street Zen cut shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st.

Monro Muffler Brake Stock Performance

MNRO opened at $13.64 on Tuesday. The business’s 50-day moving average price is $12.95 and its two-hundred day moving average price is $15.04. Monro Muffler Brake has a 1 year low of $11.06 and a 1 year high of $23.91. The company has a market capitalization of $426.39 million, a price-to-earnings ratio of 62.00, a P/E/G ratio of 11.37 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.49 and a quick ratio of 0.16.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The firm had revenue of $287.13 million during the quarter, compared to the consensus estimate of $286.30 million. Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. Equities analysts expect that Monro Muffler Brake will post 0.08 EPS for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Tuesday, August 25th. Monro Muffler Brake’s payout ratio is currently 509.09%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. acquired a new stake in Monro Muffler Brake in the 2nd quarter valued at $207,000. Cygnus Capital Advisors LLC boosted its stake in shares of Monro Muffler Brake by 826.1% during the 2nd quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company’s stock worth $5,209,000 after buying an additional 271,615 shares during the last quarter. Penn Capital Management Company LLC boosted its stake in shares of Monro Muffler Brake by 31.9% during the 2nd quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company’s stock worth $1,071,000 after buying an additional 15,146 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Monro Muffler Brake by 455.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock worth $54,000 after buying an additional 2,691 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Monro Muffler Brake by 19.1% in the 1st quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock valued at $2,372,000 after acquiring an additional 23,679 shares in the last quarter.

About Monro Muffler Brake

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire retailer serving customers across the United States. The company operates service centers that provide routine vehicle maintenance, repair services and tire-related products for passenger cars and light trucks.

Its services generally include tire sales and installation, wheel alignment, brake repair, exhaust-system service, oil changes, suspension and steering work, battery replacement, state inspections and other preventive maintenance.