Goldman:Monro Muffler (NASDAQ:MNRO) Valuation Insights

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How Goldman Currently Rates Monro Muffler (NASDAQ:MNRO)

Goldman commenced coverage its coverage on Monro Muffler (NASDAQ:MNRO), today Thursday morning. The broker finds the stock of Monro Muffler (NASDAQ:MNRO) attractive and has given it Neutral rating.

From a total of 6 analysts covering Monro Muffler Brake (NASDAQ:MNRO) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is $86 while the lowest target price is $78. The mean of all analyst targets is $81 with a 11.86% above today’s ($69.06) stock price. Monro Muffler Brake was the topic of 8 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Gabelli initiated shares on December 8 with “Hold” rating. Evercore upgraded shares to “Hold” rating and $71 target share price in a report from an August 5. Stifel Nicolaus maintained MNRO stock in a recent report from October 23 with “Buy” rating. Finally, CL King initiated the stock with “Neutral” rating in a report issued on a September 28.

Approximately 17,875 shares of stock traded hands. Monro Muffler Brake Inc (NASDAQ:MNRO) has risen 12.35% since May 14, 2015 and is uptrending. It has outperformed by 14.62% the S&P500.

The overall sentiment of institutions has increased to 1.26 in Q2 2015. Its up 0.07, from 1.19 in 2015Q2. The ratio is positive, as 7 institutions have sold all the shares of Monro Muffler Brake Inc that they owned while 70 funds have taken shares off the table. 24 funds have purchased shares for the first time while 73 added to their positions. These institutions now hold 31.68 million shares or 8.97% less than the 34.80 million shares they owned in 2015Q2.

The Fund Sg Capital Management Llc currently is holding shares equating to 3.83% of its total portfolio in Monro Muffler Brake Inc representing a total of 256,563 shares. Another fund,Daruma Capital Management Llc, is holding a total of 782,051 shares equating to 3.25% of their holdings. Additionally, Clifton Park Capital Management Llc has a 427,500 share stake in Monro Muffler Brake Inc which represents 2.58% of their total portfolio. The Fund, Akre Capital Management Llc, based out of Virginia, has also built up a stake in the stock, which represents a total of 2.36% of their total portfolio. Finally Ranger Investment Management L.P., a fund which is based in the state of Texas reported a total holdings of 570,080 shares.

Insider activity is a very important aspect to track on any stock. Going back to June 8, 2015, shareholders of Monro Muffler Brake Inc have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $281,299 . Wolszon Elizabeth A. sold 4,500 shares worth approximately $281,299. Glickman Donald sold 10,260 shares worth approximately $627,885. D Amico Catherine sold 75,000 shares worth approximately $4.58 million.

Monro Muffler Brake, Inc. is engaged in the provision of automotive undercar repair and tire services in the United States. The company has a market cap of $2.21 billion. The Firm 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. It has 34.74 P/E ratio. As of March 28, 2015, the Company operated a chain of 999 Company-operated stores, one franchised location and 14 dealer-operated stores.

According to Zacks Investment Research, “Monro Muffler/Brake, Inc. is a chain of company-operated and dealer-operated stores providing automotive undercar repair services in the United States. Monro’s stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems and many other vehicle maintenance services. The company’s stores typically are situated in high-visibility locations in suburban areas and small towns, as well as in major metropolitan areas.”

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