Monro Muffler Brake (MNRO) Given “Buy” Rating at Oppenheimer

Monro Muffler Brake (NASDAQ:MNRO)‘s stock had its “buy” rating restated by analysts at Oppenheimer in a research note issued on Friday.

Several other equities analysts have also recently weighed in on the company. BidaskClub raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. TheStreet cut Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Monro Muffler Brake in a report on Tuesday, October 24th. Zacks Investment Research lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Finally, Jefferies Group lowered Monro Muffler Brake from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.33.

Monro Muffler Brake (MNRO) traded down $2.20 during trading hours on Friday, reaching $51.05. The company’s stock had a trading volume of 396,300 shares, compared to its average volume of 362,315. The company has a current ratio of 1.00, a quick ratio of 0.28 and a debt-to-equity ratio of 0.62. Monro Muffler Brake has a 52 week low of $39.65 and a 52 week high of $61.10. The stock has a market cap of $1,745.11, a PE ratio of 27.73, a PEG ratio of 1.95 and a beta of 0.67.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The company had revenue of $278.02 million for the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. sell-side analysts forecast that Monro Muffler Brake will post 2.02 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of MNRO. Victory Capital Management Inc. increased its position in Monro Muffler Brake by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after buying an additional 452 shares during the period. Capital Analysts LLC increased its position in Monro Muffler Brake by 18.5% in the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after buying an additional 665 shares during the period. Stephens Inc. AR increased its position in Monro Muffler Brake by 0.9% in the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after buying an additional 45 shares during the period. Oppenheimer Asset Management Inc. increased its position in Monro Muffler Brake by 29.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock worth $238,000 after buying an additional 1,313 shares during the period. Finally, D.A. Davidson & CO. increased its position in Monro Muffler Brake by 48.9% in the 2nd quarter. D.A. Davidson & CO. now owns 6,652 shares of the auto parts company’s stock worth $277,000 after buying an additional 2,184 shares during the period.

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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.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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