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

Monro Muffler Brake (NASDAQ:MNRO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

MNRO has been the topic of several other reports. Oppenheimer upgraded Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Wednesday, February 11th. Weiss Ratings upgraded Monro Muffler Brake from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.00.

Monro Muffler Brake Stock Performance

MNRO stock opened at $16.45 on Friday. The company has a market cap of $493.83 million, a P/E ratio of 822.50, a price-to-earnings-growth ratio of 1.63 and a beta of 1.07. Monro Muffler Brake has a 1 year low of $12.26 and a 1 year high of $23.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.46 and a quick ratio of 0.15. The stock’s fifty day moving average price is $16.48 and its 200-day moving average price is $18.68.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings results on Wednesday, May 27th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.12). The firm had revenue of $273.84 million during the quarter, compared to analysts’ expectations of $283.47 million. Monro Muffler Brake had a return on equity of 2.33% and a net margin of 0.19%.The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. On average, equities analysts forecast that Monro Muffler Brake will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Monro Muffler Brake

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted 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. SG Americas Securities LLC lifted its position in shares of Monro Muffler Brake by 19.1% in the first 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 in the last quarter. Huntington National Bank lifted its position in shares of Monro Muffler Brake by 61.5% in the fourth quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 760 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 5,291 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Monro Muffler Brake in the third quarter valued at 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.