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

Wall Street Zen cut shares of Monro Muffler Brake (NASDAQ:MNRO) from a hold rating to a sell rating in a report released on Saturday.

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

Monro Muffler Brake Price Performance

Shares of NASDAQ MNRO opened at $14.65 on Friday. The company has a fifty day moving average price of $17.44 and a 200 day moving average price of $15.75. The firm has a market cap of $439.79 million, a PE ratio of -21.87, a PEG ratio of 1.67 and a beta of 1.08. 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 1-year low of $12.19 and a 1-year high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $288.91 million for the quarter, compared to analyst estimates of $299.04 million. Monro Muffler Brake had a positive return on equity of 2.77% and a negative net margin of 1.60%.The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. Research analysts predict that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in shares of Monro Muffler Brake by 132.1% during the 3rd quarter. SG Americas Securities LLC now owns 52,018 shares of the auto parts company’s stock worth $935,000 after purchasing an additional 29,603 shares in the last quarter. 1620 Investment Advisors Inc. grew its stake in shares of Monro Muffler Brake by 143.6% in the third quarter. 1620 Investment Advisors Inc. now owns 50,431 shares of the auto parts company’s stock valued at $906,000 after buying an additional 29,731 shares in the last quarter. GAMMA Investing LLC increased its holdings in Monro Muffler Brake by 181.4% during the third quarter. GAMMA Investing LLC now owns 7,318 shares of the auto parts company’s stock worth $132,000 after buying an additional 4,717 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Monro Muffler Brake during the second quarter worth $221,000. Finally, Inspire Investing LLC raised its position in Monro Muffler Brake by 45.5% during the first quarter. Inspire Investing LLC now owns 23,709 shares of the auto parts company’s stock worth $343,000 after acquiring an additional 7,410 shares in the last quarter.

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.