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

Monro Muffler Brake (NASDAQ:MNRO) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Wells Fargo & Company lowered their price target 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. Finally, Weiss Ratings raised Monro Muffler Brake from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $28.00.

Monro Muffler Brake Trading Up 0.9%

Shares of NASDAQ MNRO opened at $17.11 on Monday. Monro Muffler Brake has a fifty-two week low of $12.26 and a fifty-two week high of $23.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.16 and a current ratio of 0.46. The company has a market cap of $513.64 million, a price-to-earnings ratio of 855.50, a PEG ratio of 3.90 and a beta of 1.03. The business’s 50 day moving average price is $16.30 and its 200-day moving average price is $18.25.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, May 27th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.12). Monro Muffler Brake had a net margin of 0.19% and a return on equity of 2.33%. The business had revenue of $273.84 million during the quarter, compared to the consensus estimate of $283.47 million. During the same period last year, the company earned ($0.09) EPS. The business’s revenue was down 7.2% compared to the same quarter last year. On average, sell-side analysts expect that Monro Muffler Brake will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MNRO. Huntington National Bank raised its position in shares of Monro Muffler Brake by 61.5% in 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. Sound Income Strategies LLC boosted its position 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 valued at $54,000 after purchasing an additional 2,691 shares in the last quarter. GAMMA Investing LLC grew its stake in Monro Muffler Brake by 72.3% in the fourth quarter. GAMMA Investing LLC now owns 12,609 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 5,291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Monro Muffler Brake by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 780 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Monro Muffler Brake by 139.8% during the first quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after buying an additional 16,268 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.