TheStreet upgraded shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) from a c+ rating to a b- rating in a research note issued to investors on Monday.

MNRO has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reiterated a buy rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $51.00 target price (down previously from $54.00) on shares of Monro Muffler Brake in a research report on Saturday, July 22nd. Susquehanna Bancshares Inc reiterated a neutral rating and set a $61.00 target price on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. BidaskClub cut shares of Monro Muffler Brake from a sell rating to a strong sell rating in a research report on Wednesday, July 12th. Finally, Stephens reiterated an overweight rating and set a $69.00 target price on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $63.33.

Monro Muffler Brake (NASDAQ MNRO) remained flat at $57.05 on Monday. The stock had a trading volume of 221,531 shares. The company has a market capitalization of $1.87 billion, a PE ratio of 30.38 and a beta of 0.73. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $61.86. The stock’s 50-day moving average is $49.90 and its 200-day moving average is $48.87.

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

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The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 28th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Monro Muffler Brake’s previous quarterly dividend of $0.11. Monro Muffler Brake’s dividend payout ratio (DPR) is 38.30%.

In other Monro Muffler Brake news, CEO Heel John W. Van sold 46,883 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $46.55, for a total value of $2,182,403.65. Following the completion of the sale, the chief executive officer now owns 202,463 shares in the company, valued at approximately $9,424,652.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Heel John W. Van sold 129,089 shares of the firm’s 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 sale, the chief executive officer now owns 202,463 shares of the company’s stock, valued at approximately $9,467,169.88. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. Company insiders own 6.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stephens Inc. AR increased its position in Monro Muffler Brake by 0.9% in the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock valued at $205,000 after acquiring an additional 45 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Monro Muffler Brake by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,450 shares of the auto parts company’s stock valued at $1,021,000 after acquiring an additional 85 shares in the last quarter. Arizona State Retirement System increased its position in Monro Muffler Brake by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,091 shares of the auto parts company’s stock valued at $714,000 after acquiring an additional 100 shares in the last quarter. Macquarie Group Ltd. increased its position in Monro Muffler Brake by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 26,429 shares of the auto parts company’s stock valued at $1,103,000 after acquiring an additional 201 shares in the last quarter. Finally, Forward Management LLC increased its position in Monro Muffler Brake by 9.5% in the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 231 shares in the last quarter.

Monro Muffler Brake Company Profile

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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