Monro Muffler Brake, Inc. (NASDAQ:MNRO) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts give Monro Muffler Brake an average “Hold” rating: three analysts rate the stock a hold and two rate it a buy, with an average 12-month price target of $24.33.
• MNRO shares opened at $12.55, well below their 12-month high of $23.91. The company reported a quarterly loss of $0.09 per share, missing estimates, while revenue declined 4.6% year over year.
• Monro declared a quarterly dividend of $0.28 per share, equivalent to an annualized yield of 8.9%; however, its payout ratio is exceptionally high at 509.09%.

Monro Muffler Brake, Inc. (NASDAQ:MNRO - Get Free Report) has been assigned an average rating of "Hold" from the five research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $24.3333.

MNRO has been the subject of several research reports. Wall Street Zen cut Monro Muffler Brake from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Monro Muffler Brake from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Stephens lowered their target price on shares of 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. Zacks Research raised shares of Monro Muffler Brake from a "strong sell" rating to a "hold" rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company reduced their target price on shares of Monro Muffler Brake from $20.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, June 11th.

Monro Muffler Brake Stock Performance

Shares of Monro Muffler Brake stock opened at $12.55 on Monday. 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 has a twelve month low of $11.06 and a twelve month high of $23.91. The firm has a market capitalization of $392.31 million, a PE ratio of 57.05, a P/E/G ratio of 10.46 and a beta of 1.05. The firm's 50-day moving average price is $15.07 and its 200 day moving average price is $16.73.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $287.13 million for the quarter, compared to analysts' expectations of $286.30 million. During the same quarter last year, the firm posted $0.22 earnings per share. Monro Muffler Brake's quarterly revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts predict that Monro Muffler Brake will post 0.08 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Tuesday, August 25th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Tuesday, August 25th. Monro Muffler Brake's dividend payout ratio is currently 509.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Huntington National Bank boosted its holdings in shares of Monro Muffler Brake by 61.5% during the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company's stock worth $40,000 after purchasing an additional 760 shares during the last quarter. Sound Income Strategies LLC lifted its position in Monro Muffler Brake by 455.3% during the first quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company's stock worth $54,000 after buying an additional 2,691 shares in the last quarter. California State Teachers Retirement System lifted its position in Monro Muffler Brake by 280.2% during the second quarter. California State Teachers Retirement System now owns 5,886 shares of the auto parts company's stock worth $101,000 after buying an additional 4,338 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Monro Muffler Brake by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company's stock worth $257,000 after buying an additional 780 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Monro Muffler Brake by 139.8% during the first quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company's stock worth $404,000 after buying an additional 16,268 shares during the last quarter.

Monro Muffler Brake Company Profile

Monro Muffler Brake NASDAQ: MNRO is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company's core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.

Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.

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