Monro Muffler Brake Inc (NASDAQ:MNRO)‘s stock had its “buy” rating restated by research analysts at Oppenheimer Holdings Inc. in a report released on Thursday.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Jefferies Group LLC reiterated a “buy” rating and set a $67.00 price target on shares of Monro Muffler Brake in a research note on Tuesday, March 28th. Finally, Gabelli upgraded Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, January 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.40.
Monro Muffler Brake (NASDAQ:MNRO) traded up 0.913% during mid-day trading on Thursday, reaching $52.475. The company’s stock had a trading volume of 347,228 shares. Monro Muffler Brake has a 52-week low of $49.70 and a 52-week high of $73.33. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 26.597 and a beta of 0.85. The firm has a 50 day moving average price of $54.18 and a 200 day moving average price of $56.95.
Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Wednesday, February 1st. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business earned $288.30 million during the quarter, compared to analyst estimates of $280.64 million. Monro Muffler Brake had a return on equity of 11.83% and a net margin of 6.56%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. Equities research analysts anticipate that Monro Muffler Brake will post $1.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 14th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. Monro Muffler Brake’s dividend payout ratio (DPR) is currently 34.34%.
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In other news, insider Raymond L. Pickens sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $57.21, for a total value of $42,907.50. Following the transaction, the insider now owns 687 shares in the company, valued at approximately $39,303.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Tomarchio, Jr. sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $57.60, for a total value of $648,000.00. Following the completion of the transaction, the insider now owns 26,250 shares in the company, valued at approximately $1,512,000. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock valued at $969,158 in the last quarter. Company insiders own 7.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan increased its position in Monro Muffler Brake by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,160 shares of the company’s stock valued at $438,000 after buying an additional 120 shares during the last quarter. Teachers Advisors LLC increased its position in Monro Muffler Brake by 0.5% in the third quarter. Teachers Advisors LLC now owns 50,513 shares of the company’s stock valued at $3,090,000 after buying an additional 248 shares during the last quarter. Advisor Group Inc. increased its position in Monro Muffler Brake by 4.0% in the third quarter. Advisor Group Inc. now owns 6,937 shares of the company’s stock valued at $408,000 after buying an additional 270 shares during the last quarter. Victory Capital Management Inc. increased its position in Monro Muffler Brake by 28.8% in the third quarter. Victory Capital Management Inc. now owns 1,985 shares of the company’s stock valued at $121,000 after buying an additional 444 shares during the last quarter. Finally, US Bancorp DE increased its position in Monro Muffler Brake by 3.7% in the third quarter. US Bancorp DE now owns 13,071 shares of the company’s stock valued at $799,000 after buying an additional 471 shares during the last quarter.
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.
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