Monro Muffler Brake, Inc. (NASDAQ:MNRO) Stock Has Consensus Target Price of $24.33

Monro Muffler Brake, Inc. (NASDAQ:MNRO) has earned an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.33.

MNRO has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Stephens cut their price objective on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company reduced their target price on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, June 11th. Weiss Ratings raised Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. Finally, Zacks Research downgraded Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st.

Hedge Funds Weigh In On Monro Muffler Brake

A number of large investors have recently modified their holdings of MNRO. Huntington National Bank increased its stake in Monro Muffler Brake by 61.5% during the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 760 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Monro Muffler Brake by 455.3% during the first quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after buying an additional 2,691 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of Monro Muffler Brake during the second quarter valued at about $207,000. Penn Capital Management Company LLC increased its position in shares of Monro Muffler Brake by 31.9% during the second quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company’s stock worth $1,071,000 after acquiring an additional 15,146 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Monro Muffler Brake by 19.1% during the first quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock worth $2,372,000 after acquiring an additional 23,679 shares in the last quarter.

Monro Muffler Brake Price Performance

Shares of MNRO opened at $13.98 on Friday. The firm has a market cap of $437.01 million, a PE ratio of 63.55, a price-to-earnings-growth ratio of 11.91 and a beta of 1.05. Monro Muffler Brake has a 52-week low of $11.06 and a 52-week high of $23.91. The business’s 50 day moving average price is $13.30 and its two-hundred day moving average price is $15.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.49.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.13). Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The company had revenue of $287.13 million during the quarter, compared to the consensus estimate of $286.30 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was down 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Monro Muffler Brake will post 0.08 EPS for the current year.

Monro Muffler Brake Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 25th. This represents a $1.12 annualized dividend and a dividend yield of 8.0%. Monro Muffler Brake’s payout ratio is currently 509.09%.

About Monro Muffler Brake

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire company headquartered in Rochester, New York. The company operates service centers that provide maintenance and repair services for passenger vehicles, light trucks and other consumer vehicles.

Its services include tire sales and installation, brake repair, muffler and exhaust work, wheel alignment, steering and suspension repairs, and routine maintenance such as oil changes and fluid services. Monro serves customers through a portfolio of retail brands, including Monro Auto Service and Tire Centers, Mr.