Monro Muffler Brake, Inc. (NASDAQ:MNRO) – Research analysts at Jefferies Group decreased their Q2 2018 EPS estimates for Monro Muffler Brake in a research report issued on Thursday. Jefferies Group analyst B. Jordan now expects that the auto parts company will earn $0.53 per share for the quarter, down from their previous estimate of $0.54. Jefferies Group has a “Hold” rating on the stock.
Other equities analysts also recently issued reports about the company. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. UBS AG downgraded Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Stephens reiterated an “overweight” rating and issued a $69.00 price target on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. Zacks Investment Research downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $61.00 price target on shares of Monro Muffler Brake in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.33.
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Shares of Monro Muffler Brake (NASDAQ MNRO) traded up 0.66% during mid-day trading on Monday, hitting $53.20. The company had a trading volume of 29,862 shares. The stock’s 50-day moving average is $51.92 and its 200-day moving average is $48.95. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 28.33 and a beta of 0.73. Monro Muffler Brake has a 52-week low of $39.65 and a 52-week high of $61.75.
Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS.
In other Monro Muffler Brake news, VP Craig L. Hoyle sold 2,000 shares of Monro Muffler Brake stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $48.02, for a total value of $96,040.00. Following the completion of the transaction, the vice president now directly owns 58,000 shares in the company, valued at $2,785,160. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen C. Mccluski bought 1,200 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was bought at an average price of $46.45 per share, with a total value of $55,740.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. Insiders own 6.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Monro Muffler Brake by 1.0% in the second quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock valued at $170,556,000 after acquiring an additional 41,299 shares during the period. Vanguard Group Inc. boosted its stake in Monro Muffler Brake by 1.5% in the second quarter. Vanguard Group Inc. now owns 3,068,423 shares of the auto parts company’s stock valued at $128,107,000 after acquiring an additional 44,873 shares during the period. Wasatch Advisors Inc. boosted its stake in 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 acquiring an additional 1,193,473 shares during the period. Clearbridge Investments LLC boosted its stake in 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 acquiring an additional 581,973 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in Monro Muffler Brake by 3.9% in the second quarter. TimesSquare Capital Management LLC now owns 1,517,629 shares of the auto parts company’s stock valued at $63,361,000 after acquiring an additional 56,420 shares during the period.
Monro Muffler Brake Company Profile
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.
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