Todays Report: The Monro Muffler Brake Inc. (MNRO) Rating Increased to Neutral at Northcoast Research

The Monro Muffler Brake Inc. (MNRO) Rating Increased to Neutral at Northcoast Research

Monro Muffler Brake Inc. (NASDAQ:MNRO) was upgraded by equities researchers at Northcoast Research from a “sell” rating to a “neutral” rating in a research note issued on Thursday.

Several other research analysts have also weighed in on MNRO. Zacks Investment Research raised shares of Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Susquehanna assumed coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “positive” rating and a $66.00 price objective for the company. Jefferies Group reissued a “buy” rating and issued a $72.00 price objective on shares of Monro Muffler Brake in a research note on Friday, July 29th. Finally, Gabelli assumed coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Monro Muffler Brake has a consensus rating of “Hold” and a consensus price target of $73.67.

Shares of Monro Muffler Brake (NASDAQ:MNRO) opened at 55.55 on Thursday. Monro Muffler Brake has a 52-week low of $54.05 and a 52-week high of $77.00. The stock has a market cap of $1.85 billion, a P/E ratio of 29.33 and a beta of 0.84. The firm’s 50-day moving average is $59.35 and its 200 day moving average is $62.46.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, October 20th. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $249.32 million. Monro Muffler Brake had a return on equity of 11.98% and a net margin of 6.65%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. Analysts forecast that Monro Muffler Brake will post $2.08 earnings per share for the current fiscal year.

In other news, insider John C. Lamb sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $56.22, for a total value of $36,543.00. Following the completion of the transaction, the insider now owns 500 shares of the company’s stock, valued at $28,110. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher R. Hoornbeck sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $56.70, for a total transaction of $382,725.00. Following the completion of the sale, the insider now directly owns 26,855 shares in the company, valued at approximately $1,522,678.50. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of MNRO. Vanguard Group Inc. boosted its stake in shares of Monro Muffler Brake by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,690,825 shares of the company’s stock valued at $171,030,000 after buying an additional 67,609 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Monro Muffler Brake by 1.9% in the second quarter. BlackRock Fund Advisors now owns 2,015,629 shares of the company’s stock valued at $128,113,000 after buying an additional 37,983 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Monro Muffler Brake by 24.3% in the second quarter. TimesSquare Capital Management LLC now owns 1,295,814 shares of the company’s stock valued at $82,362,000 after buying an additional 253,225 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Monro Muffler Brake by 19.1% in the second quarter. Neuberger Berman Group LLC now owns 1,007,111 shares of the company’s stock valued at $64,012,000 after buying an additional 161,193 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Monro Muffler Brake by 19.9% in the second quarter. PNC Financial Services Group Inc. now owns 781,963 shares of the company’s stock valued at $49,702,000 after buying an additional 129,569 shares during the period.

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