According to Zacks, “Monro Muffler/Brake, Inc. is a chain of company-operated and dealer-operated stores providing automotive undercar repair services in the United States. Monro’s stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems and many other vehicle maintenance services. The company’s stores typically are situated in high-visibility locations in suburban areas and small towns, as well as in major metropolitan areas. “
Other analysts have also issued research reports about the company. Jefferies Group reissued a buy rating and set a $72.00 price objective on shares of Monro Muffler Brake in a report on Friday, July 29th. Gabelli began coverage on Monro Muffler Brake in a report on Thursday, August 25th. They set a hold rating on the stock. Susquehanna began coverage on Monro Muffler Brake in a report on Thursday, August 25th. They set a positive rating and a $66.00 price objective on the stock. Finally, Northcoast Research lowered Monro Muffler Brake from a neutral rating to a sell rating in a report on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Monro Muffler Brake presently has a consensus rating of Hold and a consensus price target of $75.88.
Monro Muffler Brake (NASDAQ:MNRO) opened at 60.60 on Thursday. The company has a 50-day moving average of $58.48 and a 200-day moving average of $63.77. Monro Muffler Brake has a 52-week low of $55.24 and a 52-week high of $77.00. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 31.25 and a beta of 0.84.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Monro Muffler Brake had a return on equity of 12.54% and a net margin of 6.86%. The company had revenue of $236.90 million for the quarter, compared to analyst estimates of $235.12 million. During the same quarter last year, the firm earned $0.58 EPS. Monro Muffler Brake’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts expect that Monro Muffler Brake will post $2.15 EPS for the current year.
In other news, insider Christopher R. Hoornbeck sold 6,750 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $56.70, for a total transaction of $382,725.00. Following the completion of the sale, the insider now owns 26,855 shares in the company, valued at $1,522,678.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John C. Lamb sold 650 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $56.22, for a total value of $36,543.00. Following the sale, the insider now owns 500 shares of the company’s stock, valued at approximately $28,110. The disclosure for this sale can be found here. 7.70% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Monro Muffler Brake by 0.3% in the first quarter. State Street Corp now owns 731,624 shares of the company’s stock worth $52,283,000 after buying an additional 2,458 shares during the last quarter. Royce & Associates LP increased its stake in Monro Muffler Brake by 1.3% in the first quarter. Royce & Associates LP now owns 761,000 shares of the company’s stock worth $54,389,000 after buying an additional 10,000 shares during the last quarter. Palisade Capital Management LLC NJ increased its stake in Monro Muffler Brake by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 67,703 shares of the company’s stock worth $4,839,000 after buying an additional 6,493 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in Monro Muffler Brake by 4.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,042,589 shares of the company’s stock worth $74,514,000 after buying an additional 40,245 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Monro Muffler Brake during the first quarter worth $297,000.
Monro Muffler Brake Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.