Monro Muffler Brake, Inc. (NASDAQ:MNRO) released its earnings results on Thursday. The auto parts company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01, MarketWatch Earnings reports. Monro Muffler Brake had a net margin of 6.00% and a return on equity of 10.85%. The firm had revenue of $278.50 million for the quarter, compared to the consensus estimate of $270.85 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. Monro Muffler Brake updated its Q2 guidance to $0.54-0.58 EPS and its FY18 guidance to $2.05-2.20 EPS.

Shares of Monro Muffler Brake (MNRO) opened at 42.40 on Thursday. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $66.48. The company has a 50-day moving average of $44.84 and a 200 day moving average of $52.20. The company has a market cap of $1.39 billion, a PE ratio of 22.94 and a beta of 0.69.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of 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 worth $210,685,000 after buying an additional 4,041,179 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 worth $157,528,000 after buying an additional 183,577 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of 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 worth $83,445,000 after buying an additional 581,973 shares during the last quarter. Akre Capital Management LLC raised its position in shares of Monro Muffler Brake by 4.9% in the first quarter. Akre Capital Management LLC now owns 1,597,630 shares of the auto parts company’s stock worth $83,237,000 after buying an additional 75,000 shares during the last quarter. Finally, State Street Corp raised its position in shares of Monro Muffler Brake by 6.4% in the first quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock worth $44,059,000 after buying an additional 50,736 shares during the last quarter.

Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Stephens cut shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 29th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $61.00 price target on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Finally, UBS AG cut shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $65.80.

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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.

Earnings History for Monro Muffler Brake (NASDAQ:MNRO)

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