Monro Muffler Brake (NASDAQ:MNRO) Announces Earnings Results, Misses Expectations By $0.12 EPS

Monro Muffler Brake (NASDAQ:MNRO) posted its earnings results on Wednesday. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.12), FiscalAI reports. Monro Muffler Brake had a negative net margin of 1.06% and a positive return on equity of 2.69%. The company had revenue of $273.84 million during the quarter, compared to analysts’ expectations of $283.48 million.

Monro Muffler Brake Price Performance

MNRO stock opened at $16.56 on Wednesday. Monro Muffler Brake has a 1 year low of $12.26 and a 1 year high of $23.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.15 and a current ratio of 0.45. The stock’s 50 day moving average price is $16.42 and its 200 day moving average price is $18.71. The firm has a market cap of $497.13 million, a P/E ratio of -35.23, a PEG ratio of 1.64 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Monro Muffler Brake by 11.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock valued at $9,956,000 after acquiring an additional 68,862 shares during the last quarter. Empowered Funds LLC raised its holdings in Monro Muffler Brake by 5.6% in the 1st quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock valued at $2,049,000 after acquiring an additional 7,464 shares during the last quarter. Jane Street Group LLC raised its holdings in Monro Muffler Brake by 85.2% in the 1st quarter. Jane Street Group LLC now owns 79,839 shares of the auto parts company’s stock valued at $1,155,000 after acquiring an additional 36,734 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Monro Muffler Brake in the 1st quarter valued at $559,000. Finally, Royal Bank of Canada raised its holdings in Monro Muffler Brake by 139.8% in the 1st quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after acquiring an additional 16,268 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Tuesday, April 21st. Oppenheimer raised Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.00.

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.