Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) had its price target reduced by equities research analysts at Wells Fargo & Company from $20.00 to $16.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 12.40% from the stock’s current price.
MNRO has been the subject of a number of other reports. Wall Street Zen lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Oppenheimer raised shares of Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings raised shares of Monro Muffler Brake from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.00.
Monro Muffler Brake Trading Down 2.9%
Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last issued its earnings results on Wednesday, May 27th. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12). The firm had revenue of $273.84 million during the quarter, compared to analysts’ expectations of $283.47 million. Monro Muffler Brake had a return on equity of 2.33% and a net margin of 0.19%.Monro Muffler Brake’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) earnings per share. Analysts forecast that Monro Muffler Brake will post 0.29 earnings per share for the current year.
Institutional Investors Weigh In On Monro Muffler Brake
A number of institutional investors have recently added to or reduced their stakes in MNRO. SG Americas Securities LLC grew its stake in Monro Muffler Brake by 138.8% in the fourth quarter. SG Americas Securities LLC now owns 124,222 shares of the auto parts company’s stock valued at $2,489,000 after purchasing an additional 72,204 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Monro Muffler Brake by 11.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock valued at $9,956,000 after buying an additional 68,862 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Monro Muffler Brake in the 1st quarter valued at about $559,000. Jane Street Group LLC grew its position in shares of Monro Muffler Brake by 85.2% in the 1st quarter. Jane Street Group LLC now owns 79,839 shares of the auto parts company’s stock worth $1,155,000 after buying an additional 36,734 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Monro Muffler Brake in the 3rd quarter worth approximately $504,000.
About Monro Muffler Brake
Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.
Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.
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