Monro Muffler Brake, Inc. (NASDAQ:MNRO)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group LLC in a note issued to investors on Tuesday. They currently have a $60.00 price objective on the auto parts company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 22.45% from the company’s current price.
MNRO has been the subject of a number of other research reports. BidaskClub upgraded shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Stephens downgraded shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $51.00 price target (down previously from $54.00) on shares of Monro Muffler Brake in a report on Saturday, July 22nd. TheStreet downgraded shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Finally, Oppenheimer Holdings, Inc. set a $70.00 price target on shares of Monro Muffler Brake and gave the company a “buy” rating in a report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.33.
Monro Muffler Brake (NASDAQ:MNRO) opened at 49.00 on Tuesday. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $62.07. The firm has a 50-day moving average of $46.75 and a 200-day moving average of $49.24. The stock has a market cap of $1.60 billion, a PE ratio of 26.09 and a beta of 0.71.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. Equities analysts predict that Monro Muffler Brake will post $2.13 earnings per share for the current fiscal year.
In other news, President Brett Ponton purchased 5,193 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $47.93 per share, with a total value of $248,900.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen C. Mccluski purchased 1,200 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were purchased at an average cost of $46.45 per share, for a total transaction of $55,740.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 6,893 shares of company stock worth $328,155 and have sold 244,064 shares worth $11,438,709. 6.20% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock worth $210,685,000 after acquiring an additional 4,041,179 shares during the last quarter. Wasatch Advisors Inc. boosted its position in shares of Monro Muffler Brake by 85.5% in the second quarter. Wasatch Advisors Inc. now owns 2,588,911 shares of the auto parts company’s stock worth $108,087,000 after acquiring an additional 1,193,473 shares during the last quarter. Arlington Value Capital LLC acquired a new stake in shares of Monro Muffler Brake in the second quarter worth approximately $42,255,000. Clearbridge Investments LLC boosted its position in shares of Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock worth $83,445,000 after acquiring an additional 581,973 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of Monro Muffler Brake in the second quarter worth approximately $16,355,000.
Monro Muffler Brake Company Profile
Monro, Inc, formerly 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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