Monro Muffler Brake (MNRO) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Monro Muffler Brake (NASDAQ:MNRO) from a hold rating to a buy rating in a report released on Friday morning.

Other analysts have also recently issued reports about the stock. TheStreet upgraded shares of Monro Muffler Brake from a c+ rating to a b- rating in a research note on Thursday, December 21st. ValuEngine upgraded shares of Monro Muffler Brake from a sell rating to a hold rating in a research note on Wednesday, April 4th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a hold rating to a buy rating and set a $59.00 target price for the company in a research note on Wednesday, April 4th. Oppenheimer reiterated a buy rating on shares of Monro Muffler Brake in a research note on Tuesday, January 30th. Finally, SunTrust Banks began coverage on shares of Monro Muffler Brake in a research note on Thursday, March 22nd. They issued a hold rating and a $55.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Monro Muffler Brake presently has an average rating of Hold and a consensus price target of $61.43.

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Shares of Monro Muffler Brake stock opened at $56.85 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.33 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 $64.15. The company has a market capitalization of $1,864.39, a PE ratio of 30.08, a PEG ratio of 1.61 and a beta of 0.62.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Monro Muffler Brake had a net margin of 5.13% and a return on equity of 10.48%. The firm had revenue of $285.70 million for the quarter, compared to the consensus estimate of $292.94 million. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. equities research analysts expect that Monro Muffler Brake will post 2.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Friday, March 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, March 15th. Monro Muffler Brake’s payout ratio is 38.92%.

In other Monro Muffler Brake news, Director Stephen C. Mccluski sold 10,000 shares of Monro Muffler Brake stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $55.51, for a total transaction of $555,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Maureen Mulholland sold 3,000 shares of Monro Muffler Brake stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total transaction of $153,000.00. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC lifted its stake in Monro Muffler Brake by 1.7% during the 4th quarter. Teachers Advisors LLC now owns 57,916 shares of the auto parts company’s stock valued at $3,298,000 after acquiring an additional 993 shares during the period. D.A. Davidson & CO. lifted its stake in Monro Muffler Brake by 19.2% during the 4th quarter. D.A. Davidson & CO. now owns 8,547 shares of the auto parts company’s stock valued at $487,000 after acquiring an additional 1,378 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Monro Muffler Brake by 7.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 21,613 shares of the auto parts company’s stock valued at $1,231,000 after acquiring an additional 1,542 shares during the period. Peregrine Capital Management LLC lifted its stake in Monro Muffler Brake by 0.6% during the 4th quarter. Peregrine Capital Management LLC now owns 329,820 shares of the auto parts company’s stock valued at $18,783,000 after acquiring an additional 2,073 shares during the period. Finally, Fenimore Asset Management Inc. increased its holdings in shares of Monro Muffler Brake by 0.9% during the 4th quarter. Fenimore Asset Management Inc. now owns 254,995 shares of the auto parts company’s stock valued at $14,522,000 after purchasing an additional 2,150 shares in the last quarter.

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About Monro Muffler Brake

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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