TheStreet cut shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) from a b- rating to a c+ rating in a research note issued to investors on Monday morning.

Several other research firms have also commented on MNRO. Jefferies Group LLC lowered shares of Monro Muffler Brake from a buy rating to a hold rating in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Monro Muffler Brake from a hold rating to a sell rating in a research note on Friday, October 13th. KeyCorp reissued a hold rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. Oppenheimer Holdings, Inc. set a $70.00 target price on shares of Monro Muffler Brake and gave the company a buy rating in a research note on Tuesday, October 24th. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $51.00 target price (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $63.33.

Monro Muffler Brake (NASDAQ:MNRO) traded up $0.25 during mid-day trading on Monday, reaching $48.00. 124,800 shares of the company traded hands, compared to its average volume of 368,304. Monro Muffler Brake has a fifty-two week low of $39.65 and a fifty-two week high of $61.75. The firm has a market capitalization of $1,564.87, a price-to-earnings ratio of 24.87, a PEG ratio of 1.75 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 0.28 and a debt-to-equity ratio of 0.62.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Tuesday, October 24th. The auto parts company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.66% and a return on equity of 10.82%. The business had revenue of $278.02 million during the quarter, compared to analyst estimates of $277.06 million. During the same period in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. equities analysts forecast that Monro Muffler Brake will post 2.02 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Monro Muffler Brake by 1.0% during the second quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock valued at $170,556,000 after acquiring an additional 41,299 shares during the period. Vanguard Group Inc. raised its holdings in shares of Monro Muffler Brake by 1.5% during the second quarter. Vanguard Group Inc. now owns 3,068,423 shares of the auto parts company’s stock valued at $128,107,000 after acquiring an additional 44,873 shares during the period. Wasatch Advisors Inc. increased its stake in Monro Muffler Brake by 85.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,588,911 shares of the auto parts company’s stock valued at $108,087,000 after buying an additional 1,193,473 shares during the period. TimesSquare Capital Management LLC increased its stake in Monro Muffler Brake by 3.9% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,517,629 shares of the auto parts company’s stock valued at $63,361,000 after buying an additional 56,420 shares during the period. Finally, Arlington Value Capital LLC acquired a new position in Monro Muffler Brake in the 2nd quarter valued at approximately $42,255,000.

Monro Muffler Brake Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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