Monro Muffler Brake (NASDAQ:MNRO) Shares Pass Above 200 Day Moving Average – Should You Sell?

Monro Muffler Brake, Inc. (NASDAQ:MNRO)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.04 and traded as high as $20.80. Monro Muffler Brake shares last traded at $20.8190, with a volume of 227,624 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MNRO. Wells Fargo & Company cut their target price on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Wall Street Zen raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.67.

Monro Muffler Brake Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.16 and a current ratio of 0.48. The company has a market cap of $624.99 million, a price-to-earnings ratio of -31.07, a PEG ratio of 2.47 and a beta of 1.04. The business has a fifty day moving average price of $18.47 and a 200 day moving average price of $17.04.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $288.91 million for the quarter, compared to analyst estimates of $299.04 million. Monro Muffler Brake had a positive return on equity of 2.77% and a negative net margin of 1.60%.Monro Muffler Brake’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. As a group, research analysts anticipate that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 5.4%. Monro Muffler Brake’s payout ratio is -167.16%.

Insider Transactions at Monro Muffler Brake

In related news, major shareholder Carl C. Icahn acquired 639,473 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $15.19 per share, with a total value of $9,713,594.87. Following the purchase, the insider directly owned 4,439,914 shares in the company, valued at approximately $67,442,293.66. This trade represents a 16.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have purchased 1,278,132 shares of company stock worth $20,815,969. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Monro Muffler Brake by 9.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 373,384 shares of the auto parts company’s stock valued at $5,403,000 after acquiring an additional 32,666 shares during the last quarter. Invesco Ltd. raised its position in Monro Muffler Brake by 16.2% in the first quarter. Invesco Ltd. now owns 250,803 shares of the auto parts company’s stock valued at $3,629,000 after purchasing an additional 34,952 shares during the last quarter. Nuveen LLC bought a new position in Monro Muffler Brake in the first quarter valued at about $1,262,000. American Century Companies Inc. boosted its stake in shares of Monro Muffler Brake by 9.7% during the first quarter. American Century Companies Inc. now owns 55,408 shares of the auto parts company’s stock valued at $802,000 after purchasing an additional 4,897 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Monro Muffler Brake by 9.0% during the first quarter. AlphaQuest LLC now owns 13,727 shares of the auto parts company’s stock worth $199,000 after purchasing an additional 1,128 shares during the last quarter.

About Monro Muffler Brake

Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.