Monro Muffler Brake (NASDAQ:MNRO) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Monro Muffler Brake shares recently crossed above their 200-day moving average during trading, reaching a high of $16.92 before closing at $16.86.
• Analysts have mixed opinions on the stock, with a consensus rating of "Hold" and a target price average of $17.33, despite recent downgrades from several institutions.
• The company has announced a quarterly dividend of $0.28, providing an annualized yield of 6.6%, although its dividend payout ratio is currently negative.

Monro Muffler Brake, Inc. (NASDAQ:MNRO - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.52 and traded as high as $16.92. Monro Muffler Brake shares last traded at $16.86, with a volume of 656,385 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MNRO shares. Wells Fargo & Company cut their price objective on shares of Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Monro Muffler Brake from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Monro Muffler Brake in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.33.

Monro Muffler Brake Stock Performance

The company has a market capitalization of $505.46 million, a PE ratio of -25.16, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.50. The stock's fifty day simple moving average is $17.06 and its 200-day simple moving average is $15.52.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. Monro Muffler Brake had a negative net margin of 1.59% and a positive return on equity of 2.49%. The firm had revenue of $301.04 million during the quarter, compared to the consensus estimate of $295.05 million. During the same quarter in the prior year, the company earned $0.22 EPS. The company's revenue was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Tuesday, August 26th. Monro Muffler Brake's dividend payout ratio (DPR) is presently -167.16%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Monro Muffler Brake by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company's stock valued at $257,000 after purchasing an additional 780 shares during the last quarter. AlphaQuest LLC increased its position in Monro Muffler Brake by 9.0% in the 1st quarter. AlphaQuest LLC now owns 13,727 shares of the auto parts company's stock valued at $199,000 after buying an additional 1,128 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Monro Muffler Brake by 13.3% during the first quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company's stock valued at $148,000 after buying an additional 1,203 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Monro Muffler Brake by 8.8% during the first quarter. Rafferty Asset Management LLC now owns 16,398 shares of the auto parts company's stock valued at $237,000 after buying an additional 1,327 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of Monro Muffler Brake by 11.2% during the first quarter. EntryPoint Capital LLC now owns 16,771 shares of the auto parts company's stock valued at $243,000 after buying an additional 1,695 shares during the last quarter.

About Monro Muffler Brake

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.

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