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

Key Points

• Analyst sentiment is mixed: Five firms give Monro a consensus “Hold” rating, with two buys, two holds and one sell; the average 12-month price target is $23.
• Monro reported a quarterly loss of $0.01 per share, missing the $0.05 consensus estimate, while revenue slipped 1.8% year over year to $283.64 million.
• Shares opened at $10.95, close to their 52-week low of $10.90. The company’s quarterly dividend of $0.28 equates to a stated annualized yield of 10.2%.

Monro Muffler Brake, Inc. (NASDAQ:MNRO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.00.

A number of research firms have commented on MNRO. Stephens reduced 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. Weiss Ratings lowered Monro Muffler Brake from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded Monro Muffler Brake from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Wells Fargo & Company decreased their price objective on Monro Muffler Brake from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Friday, October 30th. Finally, Zacks Research upgraded shares of Monro Muffler Brake from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th.

Monro Muffler Brake Stock Performance

Shares of MNRO opened at $10.95 on Friday. Monro Muffler Brake has a 52 week low of $10.90 and a 52 week high of $23.91. The company has a market capitalization of $343.06 million, a PE ratio of -1,093.91, a PEG ratio of 10.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.16 and a current ratio of 0.48. The company's 50 day moving average price is $13.16 and its 200 day moving average price is $15.87.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The auto parts company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06). Monro Muffler Brake had a negative return on equity of 0.35% and a net margin of 0.07%. The firm had revenue of $283.64 million for the quarter, compared to the consensus estimate of $284.06 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company's revenue was down 1.8% on a year-over-year basis. Research analysts expect that Monro Muffler Brake will post 0.08 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

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

Institutional Trading of Monro Muffler Brake

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Monro Muffler Brake by 78.0% during the third quarter. Russell Investments Group Ltd. now owns 600,149 shares of the auto parts company's stock valued at $8,396,000 after purchasing an additional 262,947 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Monro Muffler Brake in the 3rd quarter worth about $77,000. Stillwater Wealth Management Group purchased a new stake in Monro Muffler Brake during the third quarter worth approximately $162,000. Baird Financial Group Inc. acquired a new position in shares of Monro Muffler Brake during the 2nd quarter worth $207,000. Finally, Cygnus Capital Advisors LLC lifted its position in shares of Monro Muffler Brake by 826.1% during the second quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company's stock worth $5,209,000 after purchasing an additional 271,615 shares in 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.

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