Monro Muffler Brake (NASDAQ:MNRO) Cut to “Strong Sell” at Zacks Research

Monro Muffler Brake (NASDAQ:MNROGet Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

A number of other research firms have also weighed in on MNRO. Wells Fargo & Company lowered their price objective on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 11th. Weiss Ratings downgraded shares of Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Wall Street Zen lowered shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Stephens cut their price target on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.33.

Get Our Latest Report on Monro Muffler Brake

Monro Muffler Brake Stock Performance

Shares of MNRO stock opened at $12.41 on Tuesday. The stock’s 50-day moving average price is $14.61 and its 200 day moving average price is $16.25. The company has a quick ratio of 0.16, a current ratio of 0.49 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $387.99 million, a PE ratio of 56.41, a price-to-earnings-growth ratio of 10.36 and a beta of 1.05. Monro Muffler Brake has a 52-week low of $11.06 and a 52-week high of $23.91.

Monro Muffler Brake (NASDAQ:MNROGet Free Report) last announced its earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.13). The company had revenue of $287.13 million during the quarter, compared to analysts’ expectations of $286.30 million. Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. As a group, equities research analysts forecast that Monro Muffler Brake will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Monro Muffler Brake

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of Monro Muffler Brake by 280.2% in the second quarter. California State Teachers Retirement System now owns 5,886 shares of the auto parts company’s stock valued at $101,000 after purchasing an additional 4,338 shares during the period. Penn Capital Management Company LLC increased its holdings in Monro Muffler Brake by 31.9% in the second quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company’s stock valued at $1,071,000 after buying an additional 15,146 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Monro Muffler Brake by 455.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 2,691 shares during the period. SG Americas Securities LLC lifted its position in shares of Monro Muffler Brake by 19.1% during the 1st quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock valued at $2,372,000 after acquiring an additional 23,679 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Monro Muffler Brake by 61.5% during the 4th quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 760 shares in the last quarter.

Monro Muffler Brake Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

Receive News & Ratings for Monro Muffler Brake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake and related companies with MarketBeat.com's FREE daily email newsletter.