Monro Muffler Brake (MNRO) Receives $59.00 Average PT from Brokerages

Monro Muffler Brake (NASDAQ:MNRO) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $59.00.

Several analysts have commented on MNRO shares. Zacks Investment Research raised shares of Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Wednesday, January 24th. BidaskClub raised shares of Monro Muffler Brake from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Oppenheimer reissued a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, January 30th. Jefferies Group reissued a “hold” rating on shares of Monro Muffler Brake in a research report on Wednesday, January 31st. Finally, TheStreet lowered shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th.

In related news, insider Maureen Mulholland sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total value of $153,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new position in Monro Muffler Brake in the 4th quarter worth approximately $213,000. Advisor Group Inc. increased its holdings in Monro Muffler Brake by 837.7% in the 4th quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock worth $219,000 after buying an additional 3,443 shares during the period. CIBC Asset Management Inc acquired a new position in Monro Muffler Brake in the 4th quarter worth approximately $232,000. Paloma Partners Management Co acquired a new position in Monro Muffler Brake in the 4th quarter worth approximately $233,000. Finally, D.B. Root & Company LLC acquired a new position in Monro Muffler Brake in the 4th quarter worth approximately $249,000.

MNRO stock opened at $52.70 on Monday. The company has a market cap of $1.87 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62.

About Monro Muffler Brake

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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