Monro Muffler Brake (NASDAQ:MNRO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Monro Muffler Brake, Inc. (NASDAQ:MNRO)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.22 and traded as high as $20.45. Monro Muffler Brake shares last traded at $20.04, with a volume of 428,184 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MNRO shares. Wall Street Zen upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Two 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.com, Monro Muffler Brake currently has a consensus rating of “Hold” and an average price target of $17.67.

Monro Muffler Brake Stock Down 1.5%

The business’s 50 day simple moving average is $18.77 and its 200-day simple moving average is $17.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.16 and a current ratio of 0.48. The company has a market cap of $601.60 million, a price-to-earnings ratio of -29.91, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Monro Muffler Brake had a positive return on equity of 2.77% and a negative net margin of 1.60%.The firm had revenue of $288.91 million during the quarter, compared to analysts’ expectations of $299.04 million. During the same quarter last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts expect that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current year.

Monro Muffler Brake Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, December 2nd. Monro Muffler Brake’s dividend payout ratio (DPR) is -167.16%.

Insider Transactions at Monro Muffler Brake

In other Monro Muffler Brake news, major shareholder Carl C. Icahn acquired 101,422 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $17.48 per share, for a total transaction of $1,772,856.56. Following the purchase, the insider owned 5,078,573 shares in the company, valued at $88,773,456.04. This represents a 2.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have acquired 1,278,132 shares of company stock valued at $20,815,969. Insiders own 2.20% of the company’s stock.

Institutional Trading of Monro Muffler Brake

Several institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Monro Muffler Brake by 4.6% in 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 purchasing an additional 780 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Monro Muffler Brake by 8.8% in the 1st quarter. Rafferty Asset Management LLC now owns 16,398 shares of the auto parts company’s stock valued at $237,000 after purchasing an additional 1,327 shares during the period. GAMMA Investing LLC raised its holdings in shares of Monro Muffler Brake by 453.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock worth $39,000 after buying an additional 2,131 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Monro Muffler Brake by 2.8% during the 3rd quarter. Rhumbline Advisers now owns 91,446 shares of the auto parts company’s stock worth $1,643,000 after buying an additional 2,513 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Monro Muffler Brake by 9.7% during the first quarter. American Century Companies Inc. now owns 55,408 shares of the auto parts company’s stock valued at $802,000 after acquiring an additional 4,897 shares during the period.

About Monro Muffler Brake

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.