Monro Muffler Brake, Inc. (NASDAQ:MNRO) Stock Has Average Target Price of $23.00 According to Analysts

Monro Muffler Brake, Inc. (NASDAQ:MNRO) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.00.

A number of brokerages recently commented on MNRO. 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. Zacks Research upgraded Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Wall Street Zen downgraded shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Stephens decreased their target price on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Wells Fargo & Company dropped their price target on Monro Muffler Brake from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th.

Monro Muffler Brake Stock Down 3.2%

MNRO stock opened at $10.95 on Friday. The company has a market cap of $343.06 million, a price-to-earnings ratio of -1,093.91, a PEG ratio of 10.05 and a beta of 1.08. The company has a current ratio of 0.48, a quick ratio of 0.16 and a debt-to-equity ratio of 0.48. Monro Muffler Brake has a 12 month low of $10.90 and a 12 month high of $23.91. The firm has a 50-day moving average of $13.16 and a two-hundred day moving average of $15.87.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, October 29th. The auto parts company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Monro Muffler Brake had a net margin of 0.07% and a negative return on equity of 0.35%. The firm had revenue of $283.64 million for the quarter, compared to analysts’ expectations of $284.06 million. During the same period in the prior year, the company posted $0.21 earnings per share. Monro Muffler Brake’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts forecast that Monro Muffler Brake will post 0.08 earnings per share for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.2%. Monro Muffler Brake’s dividend payout ratio is -11,200.00%.

Institutional Investors Weigh In On Monro Muffler Brake

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Monro Muffler Brake in the 3rd quarter valued at about $77,000. Stillwater Wealth Management Group bought a new position in shares of Monro Muffler Brake in the third quarter valued at approximately $162,000. Baird Financial Group Inc. bought a new position in Monro Muffler Brake during the second quarter worth $207,000. Penn Capital Management Company LLC increased its stake in Monro Muffler Brake by 31.9% in the second 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 in the last quarter. Finally, Cygnus Capital Advisors LLC lifted its position in Monro Muffler Brake by 826.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company’s stock worth $5,209,000 after buying an additional 271,615 shares during the last quarter.

About Monro Muffler Brake

Monro Muffler Brake, Inc, doing business as Monro, is an automotive service and tire retailer headquartered in Rochester, New York. The company operates service centers across the United States under brands that include Monro Auto Service and Tire, Mr. Tire, Tire Choice, Car-X, and other regional names.

Monro provides replacement tires and a broad range of maintenance and repair services for passenger vehicles and light trucks. Its offerings include brake and exhaust work, wheel alignment, steering and suspension repairs, shocks and struts, oil changes, batteries, air-conditioning service, and other preventive maintenance.

Founded in 1957 as a single muffler shop in Rochester, the company expanded through organic growth and acquisitions into a nationwide automotive service network.