Monro Muffler Brake (MNRO) Raised to “Buy” at Zacks Investment Research

Monro Muffler Brake (NASDAQ:MNRO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $59.00 price target on the auto parts company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 4.33% from the company’s current price.

According to Zacks, “Monro Muffler Brake, Inc. is a chain of 1,118 Company-operated stores, 114 franchised locations, five wholesale locations, two retread facilities and 14 dealer-operated stores providing automotive undercar repair and tire sales and services. Monro Muffler Brake operates a chain of stores providing automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, Speedy Auto Service by Monro, Kimmel Tires – Auto Service and Tread Quarters Discount Tires. Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of new construction stores. “

How to Become a New Pot Stock Millionaire

MNRO has been the subject of several other research reports. BidaskClub upgraded Monro Muffler Brake from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. TheStreet upgraded Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Oppenheimer restated a “buy” rating on shares of Monro Muffler Brake in a research report on Friday, December 15th. Jefferies Group restated a “hold” rating on shares of Monro Muffler Brake in a research report on Wednesday, January 31st. Finally, SunTrust Banks began coverage on Monro Muffler Brake in a research report on Thursday, March 22nd. They set a “hold” rating and a $55.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $60.71.

Shares of MNRO stock traded down $0.55 during mid-day trading on Wednesday, reaching $56.55. The stock had a trading volume of 26,538 shares, compared to its average volume of 286,817. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62. Monro Muffler Brake has a one year low of $39.65 and a one year high of $64.15. The company has a market capitalization of $1,831.60, a P/E ratio of 29.55, a P/E/G ratio of 1.59 and a beta of 0.62.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. Monro Muffler Brake had a return on equity of 10.48% and a net margin of 5.13%. The company had revenue of $285.70 million during the quarter, compared to the consensus estimate of $292.94 million. During the same quarter last year, the company earned $0.53 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. sell-side analysts predict that Monro Muffler Brake will post 2.02 earnings per share for the current fiscal year.

In related news, Director Stephen C. Mccluski sold 10,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $55.51, for a total transaction of $555,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Maureen Mulholland sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total value of $153,000.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.B. Root & Company LLC acquired a new stake in shares of Monro Muffler Brake in the 4th quarter valued at $249,000. Grandeur Peak Global Advisors LLC increased its stake in shares of Monro Muffler Brake by 254.6% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 173,775 shares of the auto parts company’s stock valued at $9,896,000 after buying an additional 124,775 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in shares of Monro Muffler Brake in the 4th quarter valued at $213,000. MetLife Investment Advisors LLC acquired a new stake in shares of Monro Muffler Brake in the 4th quarter valued at $858,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Monro Muffler Brake in the 4th quarter valued at $686,000.

COPYRIGHT VIOLATION WARNING: “Monro Muffler Brake (MNRO) Raised to “Buy” at Zacks Investment Research” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3335349/monro-muffler-brake-mnro-raised-to-buy-at-zacks-investment-research.html.

About Monro Muffler Brake

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

Get a free copy of the Zacks research report on Monro Muffler Brake (MNRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

Receive News & Ratings for Monro Muffler Brake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Financial Comparison: Piedmont Office Realty Trust  versus Spirit Realty Capital
Financial Comparison: Piedmont Office Realty Trust versus Spirit Realty Capital
Critical Review: Ryerson  versus L.B. Foster
Critical Review: Ryerson versus L.B. Foster
Somewhat Positive News Coverage Somewhat Unlikely to Affect Hersha Hospitality Trust  Share Price
Somewhat Positive News Coverage Somewhat Unlikely to Affect Hersha Hospitality Trust Share Price
Brokerages Set Jacobs Engineering Group Inc  PT at $74.00
Brokerages Set Jacobs Engineering Group Inc PT at $74.00
ADTRAN Inc  Receives $19.38 Consensus Target Price from Analysts
ADTRAN Inc Receives $19.38 Consensus Target Price from Analysts
DNP Select Income Fund Inc. to Issue Monthly Dividend of $0.07
DNP Select Income Fund Inc. to Issue Monthly Dividend of $0.07


© 2006-2018 Ticker Report. Google+.