Brokerages Set Monro Muffler Brake, Inc. (NASDAQ:MNRO) Target Price at $23.25

Monro Muffler Brake, Inc. (NASDAQ:MNRO) has earned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $23.25.

A number of research firms recently commented on MNRO. Wells Fargo & Company lowered their price objective on shares of Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Thursday, January 22nd. Finally, Oppenheimer upgraded Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Wednesday, February 11th.

Insiders Place Their Bets

In related news, CEO Peter D. Fitzsimmons purchased 12,750 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were bought at an average price of $19.68 per share, with a total value of $250,920.00. Following the completion of the acquisition, the chief executive officer owned 112,033 shares of the company’s stock, valued at approximately $2,204,809.44. This represents a 12.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Monro Muffler Brake

Hedge funds have recently modified their holdings of the stock. Huntington National Bank increased its stake in Monro Muffler Brake by 61.5% in the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 760 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Monro Muffler Brake by 181.4% in the third quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock worth $132,000 after buying an additional 4,717 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Monro Muffler Brake in the second quarter worth approximately $221,000. TradeLink Capital LLC acquired a new stake in shares of Monro Muffler Brake during the third quarter valued at approximately $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Monro Muffler Brake by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 780 shares in the last quarter.

Monro Muffler Brake Stock Down 5.7%

Shares of Monro Muffler Brake stock opened at $22.46 on Wednesday. Monro Muffler Brake has a 1-year low of $12.19 and a 1-year high of $23.91. The business’s fifty day moving average price is $20.74 and its two-hundred day moving average price is $18.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.45 and a quick ratio of 0.15. The company has a market capitalization of $674.25 million, a P/E ratio of -47.79, a PEG ratio of 2.83 and a beta of 1.03.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Wednesday, January 28th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Monro Muffler Brake had a negative net margin of 1.06% and a positive return on equity of 2.69%. The firm had revenue of $293.39 million during the quarter, compared to analyst estimates of $295.19 million. During the same quarter in the prior year, the firm posted $0.19 EPS. Monro Muffler Brake’s revenue was down 4.0% compared to the same quarter last year. As a group, research analysts forecast that Monro Muffler Brake will post 0.63 EPS for the current year.

Monro Muffler Brake Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.12 annualized dividend and a yield of 5.0%. Monro Muffler Brake’s dividend payout ratio is currently -238.30%.

Monro Muffler Brake Company Profile

Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.