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

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 Saturday.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Wednesday, October 8th. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.67.

Monro Muffler Brake Stock Down 0.2%

Monro Muffler Brake stock opened at $14.65 on Friday. The firm has a market capitalization of $439.21 million, a price-to-earnings ratio of -21.87, a PEG ratio of 1.67 and a beta of 1.08. The company’s 50 day simple moving average is $17.44 and its 200 day simple moving average is $15.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.48 and a quick ratio of 0.16. Monro Muffler Brake has a fifty-two week low of $12.19 and a fifty-two week high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Wednesday, October 29th. The auto parts company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $288.91 million during the quarter, compared to the consensus estimate of $299.04 million. Monro Muffler Brake had a negative net margin of 1.60% and a positive return on equity of 2.77%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. As a group, sell-side analysts anticipate that Monro Muffler Brake will post 0.63 EPS for the current year.

Hedge Funds Weigh In On Monro Muffler Brake

A number of large investors have recently added to or reduced their stakes in MNRO. Janney Montgomery Scott LLC acquired a new position in shares of Monro Muffler Brake during the first quarter worth about $359,000. GSA Capital Partners LLP acquired a new stake in Monro Muffler Brake in the 1st quarter valued at approximately $629,000. XTX Topco Ltd bought a new stake in Monro Muffler Brake in the 1st quarter valued at approximately $993,000. Nomura Holdings Inc. lifted its stake in Monro Muffler Brake by 62.8% in the 1st quarter. Nomura Holdings Inc. now owns 1,681,250 shares of the auto parts company’s stock valued at $24,328,000 after acquiring an additional 648,269 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Monro Muffler Brake by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 149,133 shares of the auto parts company’s stock worth $2,158,000 after acquiring an additional 3,911 shares during the last quarter.

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.