Monro Muffler Brake, Inc. (NASDAQ:MNRO) Stock Has Average Price Target of $24.33

Monro Muffler Brake, Inc. (NASDAQ:MNRO) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.33.

Several research firms have recently issued reports on MNRO. Stephens decreased their price objective on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock 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, October 5th. Wall Street Zen lowered Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings downgraded Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, September 29th.

Monro Muffler Brake Stock Up 1.4%

Shares of NASDAQ MNRO opened at $13.76 on Tuesday. Monro Muffler Brake has a 1 year low of $11.06 and a 1 year high of $23.91. The firm’s 50 day moving average price is $12.87 and its 200 day moving average price is $15.09. The firm has a market cap of $430.19 million, a P/E ratio of 62.55, a price-to-earnings-growth ratio of 11.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.49.

Monro Muffler Brake (NASDAQ:MNRO) 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 firm had revenue of $287.13 million during the quarter, compared to analysts’ expectations of $286.30 million. Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. As a group, sell-side analysts anticipate that Monro Muffler Brake will post 0.08 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th were issued a $0.28 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $1.12 annualized dividend and a yield of 8.1%. Monro Muffler Brake’s payout ratio is 509.09%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cygnus Capital Advisors LLC boosted its position in shares of 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 acquiring an additional 271,615 shares during the last quarter. SG Americas Securities LLC grew its holdings in Monro Muffler Brake by 19.1% in 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 during the period. Penn Capital Management Company LLC grew its holdings in Monro Muffler Brake by 31.9% in 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 during the period. Baird Financial Group Inc. acquired a new position in Monro Muffler Brake during the second quarter worth approximately $207,000. Finally, Sound Income Strategies LLC increased its position in 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 worth $54,000 after purchasing an additional 2,691 shares during the last quarter.

Monro Muffler Brake Company Profile

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.