Monro Muffler Brake (NASDAQ:MNRO) Downgraded by Wall Street Zen to “Sell”

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

Other research analysts have also recently issued research reports about the company. Stephens upgraded Monro Muffler Brake from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $21.00 to $18.00 in a report on Friday, April 4th. Wedbush reduced their price objective on Monro Muffler Brake from $27.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company boosted their target price on Monro Muffler Brake from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th.

Monro Muffler Brake Stock Performance

Shares of MNRO opened at $14.46 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. Monro Muffler Brake has a 52-week low of $12.20 and a 52-week high of $31.49. The company has a 50-day simple moving average of $14.84 and a 200-day simple moving average of $16.63. The company has a market capitalization of $433.37 million, a PE ratio of -72.30, a P/E/G ratio of 1.30 and a beta of 0.97.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). Monro Muffler Brake had a negative net margin of 0.43% and a positive return on equity of 2.43%. The firm had revenue of $294.99 million during the quarter, compared to analysts’ expectations of $288.60 million. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts predict that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Monro Muffler Brake

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in shares of Monro Muffler Brake by 964.8% during the first quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 1,756 shares during the period. GAMMA Investing LLC grew its position in shares of Monro Muffler Brake by 453.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock valued at $39,000 after buying an additional 2,131 shares during the last quarter. CWM LLC raised its stake in Monro Muffler Brake by 132.3% during the first quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 1,747 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Monro Muffler Brake in the first quarter worth about $65,000. Finally, Nisa Investment Advisors LLC boosted its stake in Monro Muffler Brake by 640.9% in the first quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company’s stock valued at $118,000 after acquiring an additional 7,076 shares during the period.

About Monro Muffler Brake

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.