Monro Muffler Brake, Inc. (NASDAQ:MNRO – Get Free Report) has been assigned an average rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.3333.
MNRO has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Stephens decreased their target price on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Weiss Ratings raised shares of Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Zacks Research raised shares of Monro Muffler Brake from a “strong sell” rating to a “hold” 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.
View Our Latest Report on Monro Muffler Brake
Monro Muffler Brake Stock Performance
Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last issued its earnings results 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 return on equity of 0.80% and a net margin of 0.71%.The company had revenue of $287.13 million during the quarter, compared to analyst estimates of $286.30 million. During the same period last year, the business earned $0.22 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, research analysts anticipate that Monro Muffler Brake will post 0.29 earnings per share for the current year.
Monro Muffler Brake Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Monro Muffler Brake’s dividend payout ratio is 509.09%.
Institutional Trading of Monro Muffler Brake
Hedge funds and other institutional investors have recently modified their holdings of the business. Huntington National Bank grew its position in Monro Muffler Brake by 61.5% during the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 760 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Monro Muffler Brake by 4.6% in 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 raised its holdings in shares of Monro Muffler Brake by 455.3% in the first quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after buying an additional 2,691 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Monro Muffler Brake by 5.6% during the first quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock worth $2,049,000 after buying an additional 7,464 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Monro Muffler Brake by 139.8% during the first quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock worth $404,000 after buying an additional 16,268 shares during the period.
About Monro Muffler Brake
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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