Monro Muffler Brake (NASDAQ:MNRO) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

by · The Markets Daily

Monro Muffler Brake, Inc. (NASDAQ:MNRO – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.80 and traded as high as $21.34. Monro Muffler Brake shares last traded at $20.54, with a volume of 740,699 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. 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. Weiss Ratings restated a “sell (d)” rating on shares of Monro Muffler Brake in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.67.

Check Out Our Latest Analysis on MNRO

Monro Muffler Brake Stock Up 3.3%

The firm has a 50-day moving average of $18.06 and a two-hundred day moving average of $16.87. The firm has a market cap of $643.63 million, a price-to-earnings ratio of -32.00, a PEG ratio of 2.52 and a beta of 1.04. The company has a current ratio of 0.48, a quick ratio of 0.16 and a debt-to-equity ratio of 0.44.

Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $299.04 million. During the same quarter last year, the firm posted $0.17 EPS. The company’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 5.2%. Monro Muffler Brake’s payout ratio is -167.16%.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn purchased 101,422 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $17.48 per share, for a total transaction of $1,772,856.56. Following the transaction, the insider directly owned 5,078,573 shares of the company’s stock, valued at approximately $88,773,456.04. This trade represents a 2.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 1,278,132 shares of company stock valued at $20,815,969. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Monro Muffler Brake

Several hedge funds have recently made changes to their positions in MNRO. Nomura Holdings Inc. increased its position in shares of Monro Muffler Brake by 62.8% during the first quarter. Nomura Holdings Inc. now owns 1,681,250 shares of the auto parts company’s stock valued at $24,328,000 after purchasing an additional 648,269 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Monro Muffler Brake by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 373,384 shares of the auto parts company’s stock worth $5,403,000 after purchasing an additional 32,666 shares during the period. Gamco Investors INC. ET AL lifted its position in Monro Muffler Brake by 20.5% in the first quarter. Gamco Investors INC. ET AL now owns 822,515 shares of the auto parts company’s stock worth $11,902,000 after purchasing an additional 139,730 shares during the period. Caption Management LLC acquired a new stake in Monro Muffler Brake during the first quarter worth $1,358,000. Finally, Nuveen LLC bought a new stake in Monro Muffler Brake in the 1st quarter valued at $1,262,000.

About Monro Muffler Brake

(Get Free Report)

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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