Monro Muffler Brake (NASDAQ:MNRO) Lowered to Strong Sell Rating by Zacks Research

Monro Muffler Brake (NASDAQ:MNRO) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

A number of other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. Wells Fargo & Company decreased their price target on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Wall Street Zen cut Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Stephens dropped their price objective on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Monro Muffler Brake has an average rating of “Hold” and a consensus target price of $24.33.

Monro Muffler Brake Stock Down 0.2%

Shares of MNRO opened at $12.41 on Tuesday. The stock has a market capitalization of $387.99 million, a PE ratio of 56.41, a P/E/G ratio of 10.36 and a beta of 1.05. Monro Muffler Brake has a 1 year low of $11.06 and a 1 year high of $23.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.49. The company’s 50-day simple moving average is $14.61 and its 200-day simple moving average is $16.25.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13). Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The company had revenue of $287.13 million during the quarter, compared to analysts’ expectations of $286.30 million. During the same quarter in the previous year, the business posted $0.22 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts forecast that Monro Muffler Brake will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Monro Muffler Brake by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock valued at $9,956,000 after buying an additional 68,862 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Monro Muffler Brake during the first quarter worth approximately $559,000. Jane Street Group LLC increased its holdings in shares of Monro Muffler Brake by 85.2% in the 1st quarter. Jane Street Group LLC now owns 79,839 shares of the auto parts company’s stock valued at $1,155,000 after acquiring an additional 36,734 shares during the period. SG Americas Securities LLC increased its holdings in shares of Monro Muffler Brake by 19.1% in the 1st 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 during the period. Finally, Royal Bank of Canada raised its position in Monro Muffler Brake by 139.8% in the 1st quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after purchasing an additional 16,268 shares during the last quarter.

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.