Monro Muffler Brake (NASDAQ:MNRO) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Monro Muffler Brake (NASDAQ:MNRO) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other research analysts also recently commented on the company. Wall Street Zen downgraded Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, September 29th. Stephens decreased their target price on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company dropped their target price on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Monro Muffler Brake has a consensus rating of “Hold” and a consensus target price of $24.33.

Monro Muffler Brake Trading Up 0.2%

Shares of MNRO stock opened at $13.67 on Monday. The stock has a market cap of $427.38 million, a P/E ratio of 62.14, a price-to-earnings-growth ratio of 11.37 and a beta of 1.08. Monro Muffler Brake has a 1 year low of $11.06 and a 1 year high of $23.91. The company has a current ratio of 0.49, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $12.81 and a 200 day simple moving average of $15.14.

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

Monro Muffler Brake Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, August 25th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $1.12 annualized dividend and a yield of 8.2%. Monro Muffler Brake’s dividend payout ratio (DPR) is 509.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MNRO. Sound Income Strategies LLC boosted its stake in shares of Monro Muffler Brake by 455.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 2,691 shares in the last quarter. Baird Financial Group Inc. acquired a new position in Monro Muffler Brake during the 2nd quarter worth approximately $207,000. Penn Capital Management Company LLC lifted its stake in Monro Muffler Brake by 31.9% in the 2nd quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company’s stock valued at $1,071,000 after purchasing an additional 15,146 shares during the last quarter. SG Americas Securities LLC lifted its stake in Monro Muffler Brake by 19.1% in the 1st quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock valued at $2,372,000 after purchasing an additional 23,679 shares during the last quarter. Finally, Cygnus Capital Advisors LLC boosted its position in Monro Muffler Brake by 826.1% in the second quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company’s stock valued at $5,209,000 after buying an additional 271,615 shares in the last quarter.

Monro Muffler Brake Company Profile

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire retailer serving customers across the United States. The company operates service centers that provide routine vehicle maintenance, repair services and tire-related products for passenger cars and light trucks.

Its services generally include tire sales and installation, wheel alignment, brake repair, exhaust-system service, oil changes, suspension and steering work, battery replacement, state inspections and other preventive maintenance.