Jefferies Group LLC restated their buy rating on shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) in a research note issued to investors on Tuesday morning. The brokerage currently has a $60.00 target price on the auto parts company’s stock.

Several other research firms also recently weighed in on MNRO. BidaskClub raised shares of Monro Muffler Brake from a strong sell rating to a sell rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. UBS AG downgraded shares of Monro Muffler Brake from a positive rating to a neutral rating in a research note on Tuesday, June 20th. TheStreet downgraded shares of Monro Muffler Brake from a b- rating to a c+ rating in a research note on Tuesday, May 23rd. Finally, Stephens downgraded shares of Monro Muffler Brake from an overweight rating to an equal weight rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $63.33.

Monro Muffler Brake (NASDAQ MNRO) opened at 50.75 on Tuesday. The company has a 50-day moving average of $47.24 and a 200-day moving average of $49.13. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 27.02 and a beta of 0.71. Monro Muffler Brake has a 52 week low of $39.65 and a 52 week high of $62.07.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The firm had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. On average, equities analysts forecast that Monro Muffler Brake will post $2.13 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Monday, August 28th were issued a dividend of $0.18 per share. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.11. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, August 24th. Monro Muffler Brake’s dividend payout ratio (DPR) is currently 38.30%.

In other news, CEO Heel John W. Van sold 129,089 shares of Monro Muffler Brake stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $46.76, for a total transaction of $6,036,201.64. Following the completion of the transaction, the chief executive officer now directly owns 202,463 shares in the company, valued at $9,467,169.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen C. Mccluski acquired 1,200 shares of Monro Muffler Brake stock in a transaction dated Tuesday, July 25th. The shares were acquired 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. Over the last quarter, insiders have bought 6,893 shares of company stock valued at $328,155 and have sold 244,064 shares valued at $11,438,709. 6.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Crawford Investment Counsel Inc. grew its holdings in shares of Monro Muffler Brake by 92.9% during the second quarter. Crawford Investment Counsel Inc. now owns 59,640 shares of the auto parts company’s stock valued at $2,490,000 after buying an additional 28,720 shares during the last quarter. State Street Corp grew its holdings in shares of Monro Muffler Brake by 6.4% during the first quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock valued at $44,059,000 after buying an additional 50,736 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Monro Muffler Brake by 2.6% during the first quarter. Legal & General Group Plc now owns 57,925 shares of the auto parts company’s stock valued at $3,018,000 after buying an additional 1,457 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Monro Muffler Brake by 166.9% during the second quarter. Bank of Montreal Can now owns 143,518 shares of the auto parts company’s stock valued at $5,992,000 after buying an additional 89,746 shares during the last quarter. Finally, Scout Investments Inc. grew its holdings in shares of Monro Muffler Brake by 3.9% during the second quarter. Scout Investments Inc. now owns 95,925 shares of the auto parts company’s stock valued at $4,005,000 after buying an additional 3,575 shares during the last quarter.

About Monro Muffler Brake

Monro, Inc, formerly 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.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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