Monro Muffler Brake’s (MNRO) Buy Rating Reaffirmed at Oppenheimer Holdings, Inc.
Monro Muffler Brake, Inc. (NASDAQ:MNRO)‘s stock had its “buy” rating reissued by analysts at Oppenheimer Holdings, Inc. in a research report issued on Tuesday.
Other analysts also recently issued reports about the stock. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Monro Muffler Brake in a report on Tuesday. BidaskClub downgraded shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. TheStreet downgraded shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Monro Muffler Brake in a report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $65.00.
Shares of Monro Muffler Brake (NASDAQ:MNRO) traded down 4.12% during trading on Tuesday, hitting $43.10. 394,949 shares of the stock were exchanged. Monro Muffler Brake has a 12-month low of $43.05 and a 12-month high of $70.78. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 23.32 and a beta of 0.64. The stock’s 50 day moving average is $49.80 and its 200-day moving average is $54.38.
Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, May 18th. The auto parts company reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $252.01 million during the quarter, compared to the consensus estimate of $254.38 million. Monro Muffler Brake had a net margin of 6.00% and a return on equity of 10.85%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. Equities research analysts anticipate that Monro Muffler Brake will post $2.18 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, June 2nd were paid a dividend of $0.18 per share. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.67%. The ex-dividend date was Wednesday, May 31st. Monro Muffler Brake’s dividend payout ratio is presently 38.92%.
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A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock valued at $210,685,000 after buying an additional 4,041,179 shares during the last quarter. Clearbridge Investments LLC boosted its position in Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock valued at $83,445,000 after buying an additional 581,973 shares during the last quarter. Citadel Advisors LLC boosted its position in Monro Muffler Brake by 586.2% in the first quarter. Citadel Advisors LLC now owns 329,035 shares of the auto parts company’s stock valued at $17,143,000 after buying an additional 281,085 shares during the last quarter. Norges Bank bought a new position in Monro Muffler Brake during the fourth quarter valued at approximately $11,722,000. Finally, Vanguard Group Inc. boosted its position in Monro Muffler Brake by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock valued at $157,528,000 after buying an additional 183,577 shares during the last quarter.
About Monro Muffler Brake
Monro Muffler Brake, Inc is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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