Monro Muffler Brake (NASDAQ:MNRO) Raised to Hold at Zacks Research

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

A number of other brokerages also recently issued reports on MNRO. 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 note on Thursday, July 30th. Wall Street Zen cut Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. 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. Finally, Wells Fargo & Company reduced their price target on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.33.

Monro Muffler Brake Price Performance

Shares of NASDAQ MNRO opened at $13.67 on Monday. The company has a market capitalization of $427.38 million, a PE ratio of 62.14, a PEG ratio of 11.37 and a beta of 1.08. 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’s 50 day moving average price is $12.81 and its 200-day moving average price is $15.14. Monro Muffler Brake has a twelve month low of $11.06 and a twelve month high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The business had revenue of $287.13 million for 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 business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. On average, equities analysts anticipate that Monro Muffler Brake will post 0.08 EPS for the current year.

Institutional Trading of Monro Muffler Brake

Hedge funds have recently made changes to their positions in the company. Cygnus Capital Advisors LLC lifted its position in shares of Monro Muffler Brake by 826.1% during the 2nd quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company’s stock valued at $5,209,000 after buying an additional 271,615 shares during the last quarter. Baird Financial Group Inc. bought a new position in shares of Monro Muffler Brake during the 2nd quarter worth $207,000. Penn Capital Management Company LLC increased its holdings in Monro Muffler Brake by 31.9% in the 2nd quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company’s stock worth $1,071,000 after acquiring an additional 15,146 shares during the last quarter. Sound Income Strategies LLC increased its holdings in 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 worth $54,000 after acquiring an additional 2,691 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Monro Muffler Brake by 19.1% in 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.

Monro Muffler Brake Company Profile

Monro, Inc, formerly known as Monro Muffler Brake, is an automotive service and tire retailer serving customers across the United States. The company operates service centers that provide routine vehicle maintenance, repair services and tire-related products for passenger cars and light trucks.

Its services generally include tire sales and installation, wheel alignment, brake repair, exhaust-system service, oil changes, suspension and steering work, battery replacement, state inspections and other preventive maintenance.