Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday.
Several other brokerages have also commented on MNRO. Weiss Ratings upgraded shares of Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Stephens reduced their price objective on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday. Zacks Research lowered Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, Wells Fargo & Company decreased their price objective on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.
View Our Latest Stock Report on Monro Muffler Brake
Monro Muffler Brake Price Performance
Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The firm had revenue of $287.13 million during the quarter, compared to analyst estimates of $286.30 million. Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%.The firm’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. As a group, equities analysts expect that Monro Muffler Brake will post 0.29 earnings per share for the current year.
Hedge Funds Weigh In On Monro Muffler Brake
Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in shares of Monro Muffler Brake by 138.8% in the 4th quarter. SG Americas Securities LLC now owns 124,222 shares of the auto parts company’s stock worth $2,489,000 after purchasing an additional 72,204 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Monro Muffler Brake during the third quarter worth approximately $504,000. Sound Income Strategies LLC boosted its holdings in Monro Muffler Brake by 455.3% during the first quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock worth $54,000 after buying an additional 2,691 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Monro Muffler Brake during the first quarter worth approximately $559,000. Finally, Jane Street Group LLC grew its position in Monro Muffler Brake by 85.2% in the first 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.
Monro Muffler Brake Company Profile
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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