Monro Muffler Brake, Inc. (NASDAQ:MNRO – Get Free Report) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $24.3333.
Several brokerages recently issued reports on MNRO. Wells Fargo & Company reduced their price target on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 11th. Wall Street Zen cut Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Zacks Research raised Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Stephens decreased their target price 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.
View Our Latest Stock Analysis on MNRO
Monro Muffler Brake Stock Performance
Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The company had revenue of $287.13 million for the quarter, compared to analysts’ expectations of $286.30 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, research analysts expect that Monro Muffler Brake will post 0.08 earnings per share for the current year.
Monro Muffler Brake Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Tuesday, August 25th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, August 25th. Monro Muffler Brake’s dividend payout ratio is presently 509.09%.
Hedge Funds Weigh In On Monro Muffler Brake
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank raised its holdings in Monro Muffler Brake by 61.5% in the fourth quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after buying an additional 760 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Monro Muffler Brake by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock valued at $257,000 after buying an additional 780 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Monro Muffler Brake by 455.3% during the first quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 2,691 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Monro Muffler Brake by 280.2% during the second quarter. California State Teachers Retirement System now owns 5,886 shares of the auto parts company’s stock valued at $101,000 after acquiring an additional 4,338 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Monro Muffler Brake by 5.6% in the 1st quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock worth $2,049,000 after acquiring an additional 7,464 shares during the last quarter.
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.
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