Monro Muffler Brake (NASDAQ:MNRO) Stock Price Up 9.6% – Should You Buy?

Monro Muffler Brake, Inc. (NASDAQ:MNRO) rose 9.6% during trading on Wednesday . The stock traded as high as $18.60 and last traded at $18.1460. Approximately 729,999 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 821,998 shares. The stock had previously closed at $16.56.

Analyst Upgrades and Downgrades

MNRO has been the topic of a number of research reports. Oppenheimer upgraded shares of Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Monro Muffler Brake presently has an average rating of “Hold” and an average price target of $28.00.

Monro Muffler Brake Trading Down 0.3%

The company’s fifty day moving average is $16.46 and its two-hundred day moving average is $18.70. The company has a quick ratio of 0.15, a current ratio of 0.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $497.43 million, a price-to-earnings ratio of 829.70, a PEG ratio of 1.59 and a beta of 1.07.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, May 27th. The auto parts company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.12). Monro Muffler Brake had a net margin of 0.19% and a return on equity of 2.33%. The firm had revenue of $273.84 million during the quarter, compared to analysts’ expectations of $283.47 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts predict that Monro Muffler Brake, Inc. will post 0.68 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Monro Muffler Brake’s payout ratio is -238.30%.

Institutional Investors Weigh In On Monro Muffler Brake

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank boosted its holdings in Monro Muffler Brake by 61.5% in the fourth quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 760 shares in the last quarter. Sound Income Strategies LLC raised its stake 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 acquiring an additional 2,691 shares in the last quarter. GAMMA Investing LLC raised its stake in Monro Muffler Brake by 72.3% during the 4th quarter. GAMMA Investing LLC now owns 12,609 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 5,291 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $257,000 after acquiring an additional 780 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Monro Muffler Brake by 139.8% in the first quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after acquiring 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.