Monro Muffler Brake (NASDAQ:MNRO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo & Company has raised its price target for Monro Muffler Brake (NASDAQ:MNRO) from $15.00 to $18.00, indicating a potential upside of 0.78% based on the last closing price.
• The stock currently holds an average rating of "Hold" among analysts, with two buy ratings, one hold, and one sell rating, while its consensus price target is $18.33.
• Monro Muffler Brake reported a quarterly EPS of $0.22, surpassing expectations, and showed a revenue increase of 2.7% year-over-year.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) had its price objective increased by analysts at Wells Fargo & Company from $15.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the auto parts company's stock. Wells Fargo & Company's price objective indicates a potential upside of 0.78% from the company's previous close.

MNRO has been the subject of several other research reports. Weiss Ratings reissued a "sell (d)" rating on shares of Monro Muffler Brake in a research note on Wednesday, October 8th. Wall Street Zen raised Monro Muffler Brake from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $18.33.

Monro Muffler Brake Price Performance

Shares of MNRO opened at $17.86 on Tuesday. The company has a market cap of $535.42 million, a P/E ratio of -26.66, a PEG ratio of 1.94 and a beta of 1.08. The stock has a fifty day moving average price of $17.26 and a 200 day moving average price of $15.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.50 and a quick ratio of 0.16. Monro Muffler Brake has a 12 month low of $12.19 and a 12 month high of $30.18.

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

Institutional Trading of Monro Muffler Brake

Several institutional investors have recently modified their holdings of MNRO. GAMMA Investing LLC lifted its holdings in shares of Monro Muffler Brake by 1,276.7% in the first quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock valued at $98,000 after buying an additional 6,307 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Monro Muffler Brake during the first quarter valued at $359,000. Principal Financial Group Inc. lifted its holdings in shares of Monro Muffler Brake by 2.7% during the first quarter. Principal Financial Group Inc. now owns 149,133 shares of the auto parts company's stock valued at $2,158,000 after purchasing an additional 3,911 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Monro Muffler Brake by 640.9% during the first quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company's stock valued at $118,000 after purchasing an additional 7,076 shares during the last quarter. Finally, New York State Common Retirement Fund lifted 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 purchasing an additional 1,203 shares during the last quarter.

Monro Muffler Brake Company Profile

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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