Monro Muffler Brake (NASDAQ:MNRO) Upgraded at Wall Street Zen

Monro Muffler Brake (NASDAQ:MNRO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research firms have also recently commented on MNRO. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.67.

Monro Muffler Brake Trading Up 0.7%

NASDAQ MNRO opened at $19.41 on Friday. The stock has a market cap of $582.69 million, a P/E ratio of -28.97, a PEG ratio of 2.34 and a beta of 1.04. The company’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $16.48. The company has a current ratio of 0.48, a quick ratio of 0.16 and a debt-to-equity ratio of 0.44. Monro Muffler Brake has a 52 week low of $12.19 and a 52 week high of $27.98.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $288.91 million for 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 firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. Equities research analysts predict that Monro Muffler Brake will post 0.63 EPS for the current fiscal year.

Insider Transactions at Monro Muffler Brake

In other Monro Muffler Brake news, major shareholder Carl C. Icahn acquired 639,473 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $15.19 per share, with a total value of $9,713,594.87. Following the completion of the acquisition, the insider directly owned 4,439,914 shares in the company, valued at $67,442,293.66. This trade represents a 16.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 1,278,132 shares of company stock worth $20,815,969 in the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Monro Muffler Brake by 1.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,741,498 shares of the auto parts company’s stock valued at $39,670,000 after buying an additional 39,248 shares during the period. Nomura Holdings Inc. grew its holdings in shares of Monro Muffler Brake by 62.8% during the first quarter. Nomura Holdings Inc. now owns 1,681,250 shares of the auto parts company’s stock valued at $24,328,000 after purchasing an additional 648,269 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Monro Muffler Brake by 20.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 822,515 shares of the auto parts company’s stock worth $11,902,000 after purchasing an additional 139,730 shares during the period. Clearline Capital LP bought a new stake in shares of Monro Muffler Brake in the 1st quarter worth approximately $11,810,000. Finally, Goldman Sachs Group Inc. boosted its position in Monro Muffler Brake by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock valued at $9,956,000 after purchasing an additional 68,862 shares during the period.

Monro Muffler Brake Company Profile

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.