Monro Muffler Brake (NASDAQ:MNRO) Stock Rating Lowered by Zacks Research

Monro Muffler Brake (NASDAQ:MNRO) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Several other brokerages also recently weighed in on MNRO. Weiss Ratings downgraded shares of Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, September 29th. Wall Street Zen cut shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Stephens dropped their price objective on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Monro Muffler Brake from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.00.

Monro Muffler Brake Stock Down 10.2%

Monro Muffler Brake stock opened at $10.35 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.16 and a current ratio of 0.48. The business’s 50-day simple moving average is $13.03 and its two-hundred day simple moving average is $15.68. The company has a market cap of $324.27 million, a PE ratio of -1,033.97, a PEG ratio of 9.61 and a beta of 1.08. Monro Muffler Brake has a fifty-two week low of $10.32 and a fifty-two week high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, October 29th. The auto parts company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). Monro Muffler Brake had a negative return on equity of 0.35% and a net margin of 0.07%. The firm had revenue of $283.64 million during the quarter, compared to analysts’ expectations of $284.06 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Monro Muffler Brake will post -0.83 EPS for the current year.

Hedge Funds Weigh In On Monro Muffler Brake

Several institutional investors and hedge funds have recently modified their holdings of MNRO. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Monro Muffler Brake in the third quarter worth about $77,000. Stillwater Wealth Management Group acquired a new position in Monro Muffler Brake in the third quarter valued at approximately $162,000. Private Advisor Group LLC purchased a new stake in Monro Muffler Brake in the 3rd quarter worth approximately $166,000. Baird Financial Group Inc. purchased a new stake in Monro Muffler Brake in the 2nd quarter worth approximately $207,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Monro Muffler Brake by 44.4% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 49,750 shares of the auto parts company’s stock worth $696,000 after purchasing an additional 15,300 shares in the last quarter.

Monro Muffler Brake Company Profile

Monro, Inc., formerly known as Monro Muffler Brake, is an automotive service provider operating retail locations primarily across the eastern United States. The company serves consumers and commercial customers through vehicle maintenance and repair services. Its offerings include tire sales and installation, brake service, exhaust system repairs, wheel alignment, steering and suspension work, and routine maintenance such as oil changes. Monro also provides related diagnostic and repair services for passenger vehicles.