Monro Muffler Brake’s (NASDAQ:MNRO) Hold Rating Reiterated at KeyCorp

Monro Muffler Brake, Inc. (NASDAQ:MNRO)‘s stock had its “hold” rating reaffirmed by research analysts at KeyCorp in a research note issued on Tuesday, October 24th. KeyCorp also issued estimates for Monro Muffler Brake’s Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.26 EPS.

Other equities analysts also recently issued reports about the company. TheStreet upgraded Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a research report on Tuesday, September 12th. Stephens lowered Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $63.33.

Shares of Monro Muffler Brake (NASDAQ MNRO) opened at $48.15 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 0.28. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $61.75. The stock has a market capitalization of $1,577.97, a price-to-earnings ratio of 25.08, a PEG ratio of 1.77 and a beta of 0.68.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The firm had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. sell-side analysts anticipate that Monro Muffler Brake will post 2.02 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of MNRO. BlackRock Inc. grew its stake in shares of Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock valued at $210,685,000 after buying an additional 4,041,179 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Monro Muffler Brake by 85.5% in the second quarter. Wasatch Advisors Inc. now owns 2,588,911 shares of the auto parts company’s stock valued at $108,087,000 after buying an additional 1,193,473 shares in the last quarter. Arlington Value Capital LLC acquired a new stake in shares of Monro Muffler Brake in the second quarter valued at about $42,255,000. Clearbridge Investments LLC grew its stake in shares of Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock valued at $83,445,000 after buying an additional 581,973 shares in the last quarter. Finally, FMR LLC acquired a new stake in shares of Monro Muffler Brake in the second quarter valued at about $16,355,000.

About Monro Muffler Brake

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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