Somewhat Positive Press Coverage Somewhat Unlikely to Impact Monro Muffler Brake (MNRO) Stock Price
Headlines about Monro Muffler Brake (NASDAQ:MNRO) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monro Muffler Brake earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the auto parts company an impact score of 45 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s analysis:
- Robert G. Gross Sells 64,619 Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) Stock (americanbankingnews.com)
- Reviewing Monro Muffler Brake (NASDAQ:MNRO) & AutoNation (AN) (americanbankingnews.com)
- Monro Muffler Brake Inc : Earnings Review and Free Research Report: Monro’s Quarterly Sales Jumped 18.4%; EPS Climbed 10% (4-traders.com)
A number of brokerages recently issued reports on MNRO. UBS AG lowered Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. BidaskClub upgraded Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $61.00 price target on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $51.00 price target (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $63.33.
Shares of Monro Muffler Brake (NASDAQ MNRO) traded down 1.16% on Thursday, hitting $46.70. The stock had a trading volume of 274,485 shares. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 25.24 and a beta of 0.71. Monro Muffler Brake has a 52 week low of $39.65 and a 52 week high of $62.55. The company has a 50-day moving average of $44.12 and a 200 day moving average of $51.42.
Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. On average, equities research analysts predict that Monro Muffler Brake will post $2.13 EPS for the current year.
In related news, CEO Heel John W. Van sold 129,089 shares of Monro Muffler Brake stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $46.76, for a total value of $6,036,201.64. Following the completion of the sale, the chief executive officer now owns 202,463 shares in the company, valued at $9,467,169.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen C. Mccluski purchased 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average price of $46.45 per share, with a total value of $55,740.00. The disclosure for this purchase can be found here. Insiders have sold 242,064 shares of company stock worth $11,342,669 in the last quarter. Insiders own 6.20% of the company’s stock.
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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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