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

Monro Muffler Brake, Inc. (NASDAQ:MNRO) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.65 and traded as high as $23.47. Monro Muffler Brake shares last traded at $22.79, with a volume of 659,584 shares traded.

Analysts Set New Price Targets

MNRO has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. Oppenheimer upgraded Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a report on Thursday, January 22nd. Finally, Wells Fargo & Company decreased their price objective 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. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.25.

Monro Muffler Brake Price Performance

The stock has a market cap of $684.16 million, a price-to-earnings ratio of -48.49, a P/E/G ratio of 2.69 and a beta of 1.03. The company has a 50 day simple moving average of $20.84 and a 200-day simple moving average of $18.65. The company has a current ratio of 0.45, a quick ratio of 0.15 and a debt-to-equity ratio of 0.41.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $293.39 million during the quarter, compared to analysts’ expectations of $295.19 million. Monro Muffler Brake had a positive return on equity of 2.69% and a negative net margin of 1.06%.Monro Muffler Brake’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. Research analysts expect that Monro Muffler Brake, Inc. will post 0.63 EPS for the current year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, February 24th. Monro Muffler Brake’s dividend payout ratio (DPR) is currently -238.30%.

Insider Activity

In other Monro Muffler Brake news, CEO Peter D. Fitzsimmons acquired 12,750 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $19.68 per share, with a total value of $250,920.00. Following the completion of the transaction, the chief executive officer directly owned 112,033 shares in the company, valued at $2,204,809.44. This trade represents a 12.84% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Monro Muffler Brake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in Monro Muffler Brake by 61.5% during the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after buying an additional 760 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Monro Muffler Brake by 181.4% in the third quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock valued at $132,000 after acquiring an additional 4,717 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Monro Muffler Brake during the second quarter worth about $221,000. TradeLink Capital LLC acquired a new position in Monro Muffler Brake during the third quarter valued at approximately $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Monro Muffler Brake by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock valued at $257,000 after purchasing an additional 780 shares during the last quarter.

Monro Muffler Brake Company Profile

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.