According to Zacks, “Monro Muffler/Brake, Inc. is a chain of company-operated and dealer-operated stores providing automotive undercar repair services in the United States. Monro’s stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems and many other vehicle maintenance services. The company’s stores typically are situated in high-visibility locations in suburban areas and small towns, as well as in major metropolitan areas. “
MNRO has been the topic of several other research reports. Northcoast Research lowered shares of Monro Muffler Brake from a neutral rating to a sell rating in a research note on Thursday, July 14th. Gabelli initiated coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a hold rating on the stock. Susquehanna initiated coverage on shares of Monro Muffler Brake in a report on Thursday, August 25th. They issued a positive rating and a $66.00 price objective for the company. Finally, Jefferies Group reiterated a buy rating and issued a $72.00 price objective on shares of Monro Muffler Brake in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $75.88.
Monro Muffler Brake (NASDAQ:MNRO) traded up 0.58% during mid-day trading on Thursday, hitting $60.76. The stock had a trading volume of 93,822 shares. Monro Muffler Brake has a one year low of $55.24 and a one year high of $77.00. The company has a 50 day moving average price of $58.15 and a 200 day moving average price of $64.00. The stock has a market cap of $1.96 billion, a P/E ratio of 31.34 and a beta of 0.99.
Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. Monro Muffler Brake had a net margin of 6.86% and a return on equity of 12.54%. The business had revenue of $236.90 million for the quarter, compared to analysts’ expectations of $235.12 million. During the same quarter last year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Monro Muffler Brake will post $2.15 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 22nd were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. Monro Muffler Brake’s payout ratio is 34.87%.
In other news, insider Christopher R. Hoornbeck sold 6,750 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $56.70, for a total transaction of $382,725.00. Following the transaction, the insider now owns 26,855 shares in the company, valued at approximately $1,522,678.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John C. Lamb sold 650 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $56.22, for a total transaction of $36,543.00. Following the transaction, the insider now owns 500 shares in the company, valued at approximately $28,110. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new position in Monro Muffler Brake during the second quarter worth $1,417,000. Mason Street Advisors LLC acquired a new position in Monro Muffler Brake during the second quarter worth $401,000. Royal Bank of Canada increased its position in Monro Muffler Brake by 66.5% in the second quarter. Royal Bank of Canada now owns 699,256 shares of the company’s stock worth $44,446,000 after buying an additional 279,208 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Monro Muffler Brake by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 133,884 shares of the company’s stock worth $8,510,000 after buying an additional 1,705 shares in the last quarter. Finally, Amalgamated Bank increased its position in Monro Muffler Brake by 8.4% in the second quarter. Amalgamated Bank now owns 3,635 shares of the company’s stock worth $209,000 after buying an additional 283 shares in 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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