Monro Muffler Brake (NASDAQ:MNRO) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Monro Muffler Brake (NASDAQ:MNRO) from a sell rating to a strong sell rating in a report issued on Saturday morning.

A number of other research firms have also recently weighed in on MNRO. Stephens dropped their price target on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Wells Fargo & Company dropped 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. Zacks Research downgraded shares of Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.33.

Monro Muffler Brake Trading Up 4.1%

MNRO opened at $12.75 on Friday. The firm’s fifty day moving average is $16.05 and its two-hundred day moving average is $17.53. The firm has a market cap of $398.62 million, a PE ratio of 57.96, a price-to-earnings-growth ratio of 2.82 and a beta of 1.01. Monro Muffler Brake has a twelve month low of $12.16 and a twelve month high of $23.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.49.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results 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). Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%.The company had revenue of $287.13 million during the quarter, compared to analyst estimates of $286.30 million. During the same period in the previous year, the company posted $0.22 earnings per share. Monro Muffler Brake’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts anticipate that Monro Muffler Brake will post 0.29 EPS for the current year.

Monro Muffler Brake Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 8.8%. The ex-dividend date was Tuesday, June 2nd. Monro Muffler Brake’s dividend payout ratio is currently 509.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its position in 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 purchasing an additional 760 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Monro Muffler Brake by 455.3% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Monro Muffler Brake by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 780 shares in the last quarter. Royal Bank of Canada grew its position in Monro Muffler Brake by 139.8% during the 1st quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock worth $404,000 after acquiring an additional 16,268 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Monro Muffler Brake in the 3rd quarter worth about $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.