Monro Muffler Brake, Inc. (NASDAQ:MNRO) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts maintain a “Hold” consensus on Monro Muffler Brake, with one sell, two hold and two buy ratings. The average 12-month price target is $24.33, well above the reported share price of $13.76.
• Monro’s latest quarterly results were weak: the company reported a $0.09 loss per share, missing the $0.04 consensus estimate, while revenue fell 4.6% year over year to $287.13 million.
• The company’s quarterly dividend implies an annualized yield of 8.1%, but its payout ratio is an unusually high 509.09%, raising questions about dividend sustainability.

Monro Muffler Brake, Inc. (NASDAQ:MNRO - Get Free Report) has received an average rating of "Hold" from the five research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $24.33.

MNRO has been the subject of a number of recent research reports. Zacks Research raised shares of Monro Muffler Brake from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Weiss Ratings downgraded Monro Muffler Brake from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, September 29th. 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 note on Thursday, July 30th. Finally, Wall Street Zen cut Monro Muffler Brake from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st.

Institutional Trading of Monro Muffler Brake

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC increased its position in Monro Muffler Brake by 455.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company's stock worth $54,000 after purchasing an additional 2,691 shares in the last quarter. Baird Financial Group Inc. acquired a new position in Monro Muffler Brake in the 2nd quarter valued at about $207,000. Penn Capital Management Company LLC lifted its holdings in Monro Muffler Brake by 31.9% in the 2nd 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. SG Americas Securities LLC lifted its holdings in Monro Muffler Brake by 19.1% in the 1st quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company's stock valued at $2,372,000 after purchasing an additional 23,679 shares in the last quarter. Finally, Cygnus Capital Advisors LLC lifted its holdings 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 valued at $5,209,000 after purchasing an additional 271,615 shares in the last quarter.

Monro Muffler Brake Price Performance

Shares of NASDAQ MNRO opened at $13.76 on Tuesday. The stock has a market cap of $430.19 million, a price-to-earnings ratio of 62.55, a PEG ratio of 11.31 and a beta of 1.08. Monro Muffler Brake has a 52 week low of $11.06 and a 52 week high of $23.91. The company's 50-day moving average price is $12.87 and its 200 day moving average price is $15.09. The company has a current ratio of 0.49, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%. The business had revenue of $287.13 million for the quarter, compared to analyst estimates of $286.30 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business's revenue was down 4.6% on a year-over-year basis. As a group, research 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 declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $1.12 annualized dividend and a yield of 8.1%. Monro Muffler Brake's dividend payout ratio (DPR) is presently 509.09%.

Monro Muffler Brake Company Profile

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire retailer serving customers across the United States. The company operates service centers that provide routine vehicle maintenance, repair services and tire-related products for passenger cars and light trucks.

Its services generally include tire sales and installation, wheel alignment, brake repair, exhaust-system service, oil changes, suspension and steering work, battery replacement, state inspections and other preventive maintenance.

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