Wells Fargo & Company Raises Monro Muffler Brake (NASDAQ:MNRO) Price Target to $18.00

Monro Muffler Brake (NASDAQ:MNRO) had its price objective upped by investment analysts at Wells Fargo & Company from $15.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 1.64% from the company’s current price.

MNRO has been the subject of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Wednesday, October 8th. Wall Street Zen raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.33.

Monro Muffler Brake Trading Down 0.7%

NASDAQ MNRO opened at $18.30 on Tuesday. Monro Muffler Brake has a 12 month low of $12.19 and a 12 month high of $30.18. The company has a current ratio of 0.50, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $17.35 and its two-hundred day moving average price is $15.65. The firm has a market capitalization of $548.63 million, a PE ratio of -27.31, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Wednesday, July 30th. The auto parts company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $301.04 million for the quarter, compared to analyst estimates of $295.05 million. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. On average, analysts expect that Monro Muffler Brake will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Monro Muffler Brake by 453.4% in the second quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock worth $39,000 after buying an additional 2,131 shares during the period. CWM LLC increased its holdings in Monro Muffler Brake by 132.3% during the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 1,747 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Monro Muffler Brake during the 1st quarter valued at about $65,000. Nisa Investment Advisors LLC increased its holdings in Monro Muffler Brake by 640.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 7,076 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Monro Muffler Brake by 13.3% during the 1st quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company’s stock valued at $148,000 after purchasing an additional 1,203 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.