Monro Muffler Brake, Inc. (NASDAQ:MNRO)‘s stock had its “neutral” rating reaffirmed by equities researchers at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Saturday. They presently have a $51.00 target price on the auto parts company’s stock, down from their prior target price of $54.00. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 5.48% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Stephens lowered shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Monro Muffler Brake in a report on Wednesday, June 28th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $61.00 target price on shares of Monro Muffler Brake in a report on Tuesday, June 20th. Finally, UBS AG lowered shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.33.

Shares of Monro Muffler Brake (NASDAQ:MNRO) traded up 7.21% during trading on Friday, reaching $48.35. 1,105,963 shares of the company traded hands. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 26.16 and a beta of 0.69. The company has a 50 day moving average price of $44.71 and a 200 day moving average price of $52.15. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $66.48.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The firm had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities analysts predict that Monro Muffler Brake will post $2.17 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Capstone Asset Management Company increased its position in shares of Monro Muffler Brake by 10.7% in the fourth quarter. Capstone Asset Management Company now owns 11,069 shares of the auto parts company’s stock worth $733,000 after buying an additional 1,070 shares during the period. Janus Capital Management increased its position in shares of Monro Muffler Brake by 112.4% in the third quarter. Janus Capital Management now owns 564,312 shares of the auto parts company’s stock worth $38,119,000 after buying an additional 298,687 shares during the period. Eagle Asset Management increased its position in shares of Monro Muffler Brake by 99.9% in the third quarter. Eagle Asset Management now owns 138,660 shares of the auto parts company’s stock worth $9,366,000 after buying an additional 69,285 shares during the period. Comerica Bank increased its position in shares of Monro Muffler Brake by 0.3% in the fourth quarter. Comerica Bank now owns 32,744 shares of the auto parts company’s stock worth $2,054,000 after buying an additional 90 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Monro Muffler Brake by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 533,848 shares of the auto parts company’s stock worth $35,352,000 after buying an additional 77,659 shares during the period.

Monro Muffler Brake Company Profile

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.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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