Monro Muffler Brake, Inc. (MNRO) Receives Buy Rating from Jefferies Group LLC
Jefferies Group LLC restated their buy rating on shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) in a research report report published on Monday, May 15th, StockTargetPrices.com reports. They currently have a $60.00 target price on the auto parts company’s stock.
A number of other equities research analysts have also issued reports on MNRO. Gabelli raised shares of Monro Muffler Brake from a hold rating to a buy rating and set a $69.00 price target on the stock in a report on Tuesday, January 31st. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $70.00 price target (down previously from $80.00) on shares of Monro Muffler Brake in a report on Monday, January 30th. Zacks Investment Research raised shares of Monro Muffler Brake from a sell rating to a hold rating in a report on Tuesday, April 4th. Finally, CIBC reissued a buy rating on shares of Monro Muffler Brake in a report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Monro Muffler Brake presently has an average rating of Buy and an average price target of $66.25.
Monro Muffler Brake (MNRO) traded down 4.38% during mid-day trading on Monday, hitting $45.85. 764,836 shares of the company’s stock were exchanged. The stock has a market cap of $1.50 billion, a PE ratio of 24.81 and a beta of 0.64. The stock’s 50 day moving average price is $50.16 and its 200-day moving average price is $54.65. Monro Muffler Brake has a 12 month low of $45.45 and a 12 month high of $70.78.
Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, May 18th. The auto parts company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $252.01 million for the quarter, compared to analysts’ expectations of $254.38 million. Monro Muffler Brake had a net margin of 6.00% and a return on equity of 10.85%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Equities analysts expect that Monro Muffler Brake will post $2.19 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, June 2nd were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, May 31st. This represents a $0.72 annualized dividend and a yield of 1.57%. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.17. Monro Muffler Brake’s payout ratio is presently 38.92%.
A number of large investors have recently bought and sold shares of MNRO. Forward Management LLC raised its stake in Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock valued at $127,000 after buying an additional 154 shares during the last quarter. Victory Capital Management Inc. raised its stake in Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Monro Muffler Brake during the first quarter valued at approximately $141,000. State of Alaska Department of Revenue raised its stake in Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in Monro Muffler Brake during the fourth quarter valued at approximately $206,000.
About Monro Muffler Brake
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.
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