Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Investment analysts at Gabelli reduced their FY2018 earnings estimates for shares of Monro Muffler Brake in a research report issued to clients and investors on Wednesday. Gabelli analyst C. Jolly now expects that the auto parts company will post earnings of $1.95 per share for the year, down from their prior estimate of $2.05. Gabelli also issued estimates for Monro Muffler Brake’s FY2020 earnings at $2.65 EPS.

Several other equities research analysts also recently issued reports on MNRO. BidaskClub downgraded shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $51.00 price objective (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price objective on shares of Monro Muffler Brake in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, TheStreet upgraded shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Monro Muffler Brake currently has an average rating of “Hold” and an average price target of $63.33.

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Monro Muffler Brake (MNRO) traded down 0.30% during midday trading on Monday, hitting $49.40. 17,662 shares of the stock traded hands. Monro Muffler Brake has a one year low of $39.65 and a one year high of $61.75. The company has a 50-day moving average price of $52.59 and a 200 day moving average price of $48.99. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 26.30 and a beta of 0.73.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Tuesday, October 24th. The auto parts company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. The business had revenue of $278.02 million during the quarter, compared to the consensus estimate of $277.06 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its position in shares of Monro Muffler Brake by 3.8% during the second quarter. Northern Trust Corp now owns 524,899 shares of the auto parts company’s stock worth $21,913,000 after purchasing an additional 19,303 shares in the last quarter. Crawford Investment Counsel Inc. lifted its position in shares of Monro Muffler Brake by 92.9% during the second quarter. Crawford Investment Counsel Inc. now owns 59,640 shares of the auto parts company’s stock worth $2,490,000 after purchasing an additional 28,720 shares in the last quarter. Scout Investments Inc. lifted its position in shares of Monro Muffler Brake by 3.9% during the second quarter. Scout Investments Inc. now owns 95,925 shares of the auto parts company’s stock worth $4,005,000 after purchasing an additional 3,575 shares in the last quarter. BlackRock Inc. lifted its position in shares of Monro Muffler Brake by 1.0% during the second quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock worth $170,556,000 after purchasing an additional 41,299 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Monro Muffler Brake by 8.9% during the second quarter. Legal & General Group Plc now owns 63,083 shares of the auto parts company’s stock worth $2,631,000 after purchasing an additional 5,158 shares in the last quarter.

In other news, VP Craig L. Hoyle sold 2,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $48.02, for a total transaction of $96,040.00. Following the transaction, the vice president now directly owns 58,000 shares of the company’s stock, valued at $2,785,160. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Brett Ponton bought 5,193 shares of Monro Muffler Brake stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $47.93 per share, for a total transaction of $248,900.49. The disclosure for this purchase can be found here. Insiders own 6.20% of the company’s stock.

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.

Earnings History and Estimates for Monro Muffler Brake (NASDAQ:MNRO)

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