Monro Muffler Brake, Inc. (NASDAQ:MNRO) Receives Consensus Rating of “Hold” from Analysts

Shares of Monro Muffler Brake, Inc. (NASDAQ:MNROGet Free Report) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.3333.

A number of research analysts have commented on MNRO shares. Zacks Research downgraded Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 1st. Stephens lowered their target price on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Wells Fargo & Company lowered their price objective on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Wall Street Zen cut Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st.

Get Our Latest Report on MNRO

Monro Muffler Brake Trading Up 0.6%

Shares of MNRO opened at $12.25 on Friday. Monro Muffler Brake has a one year low of $11.06 and a one year high of $23.91. The stock has a 50-day moving average price of $13.66 and a 200 day moving average price of $15.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.49. The company has a market capitalization of $382.94 million, a P/E ratio of 55.68, a P/E/G ratio of 10.15 and a beta of 1.05.

Monro Muffler Brake (NASDAQ:MNROGet Free Report) last released its earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13). The business had revenue of $287.13 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. Sell-side analysts forecast that Monro Muffler Brake will post 0.08 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Tuesday, August 25th. Monro Muffler Brake’s payout ratio is 509.09%.

Hedge Funds Weigh In On Monro Muffler Brake

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

About Monro Muffler Brake

(Get Free Report)

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire company headquartered in Rochester, New York. The company operates service centers that provide maintenance and repair services for passenger vehicles, light trucks and other consumer vehicles.

Its services include tire sales and installation, brake repair, muffler and exhaust work, wheel alignment, steering and suspension repairs, and routine maintenance such as oil changes and fluid services. Monro serves customers through a portfolio of retail brands, including Monro Auto Service and Tire Centers, Mr.

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Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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