Monro Muffler Brake, Inc. (MNRO) Upgraded to “B-” by TheStreet
Monro Muffler Brake, Inc. (NASDAQ:MNRO) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Monday.
MNRO has been the subject of several other reports. Stephens downgraded Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th. BidaskClub upgraded Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Monro Muffler Brake in a report on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $51.00 price objective (down from $54.00) on shares of Monro Muffler Brake in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Monro Muffler Brake currently has a consensus rating of “Hold” and an average price target of $63.33.
Monro Muffler Brake (NASDAQ MNRO) remained flat at $57.05 during midday trading on Monday. 221,531 shares of the company’s stock were exchanged. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $61.86. The firm’s 50 day moving average price is $50.24 and its 200-day moving average price is $48.93. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 30.38 and a beta of 0.73.
Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. On average, analysts anticipate that Monro Muffler Brake will post $2.13 EPS for the current year.
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In other news, Director Stephen C. Mccluski bought 1,200 shares of Monro Muffler Brake stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of $46.45 per share, for a total transaction of $55,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Craig L. Hoyle sold 2,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $48.02, for a total transaction of $96,040.00. Following the completion of the transaction, the vice president now owns 58,000 shares of the company’s stock, valued at $2,785,160. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. Insiders own 6.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MNRO. Forward Management LLC raised its holdings in Monro Muffler Brake by 9.5% in the second quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 231 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Monro Muffler Brake by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after purchasing an additional 452 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Monro Muffler Brake in the first quarter worth about $141,000. Capital Analysts LLC raised its holdings in Monro Muffler Brake by 18.5% in the second quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 665 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Monro Muffler Brake by 0.9% in the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 45 shares in the last quarter.
About Monro Muffler Brake
Monro, Inc, formerly 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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