Monro Muffler Brake (NASDAQ:MNRO) Stock Rating Upgraded by Zacks Research

Monro Muffler Brake (NASDAQ:MNRO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on MNRO. Wells Fargo & Company cut their target price on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings raised shares of Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, Stephens cut their price objective on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.33.

Monro Muffler Brake Stock Up 2.7%

Shares of Monro Muffler Brake stock opened at $13.10 on Monday. The stock has a market capitalization of $409.51 million, a price-to-earnings ratio of 59.55, a PEG ratio of 2.93 and a beta of 1.05. Monro Muffler Brake has a twelve month low of $12.16 and a twelve month high of $23.91. The company has a current ratio of 0.49, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $15.98 and its 200-day simple moving average is $17.48.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The company had revenue of $287.13 million for the quarter, compared to analyst estimates of $286.30 million. Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. Equities research analysts forecast that Monro Muffler Brake will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in shares of Monro Muffler Brake by 19.1% during the first quarter. SG Americas Securities LLC now owns 147,901 shares of the auto parts company’s stock valued at $2,372,000 after purchasing an additional 23,679 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 worth $9,956,000 after purchasing an additional 68,862 shares during the period. Empowered Funds LLC lifted its holdings in Monro Muffler Brake by 5.6% in the first quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock worth $2,049,000 after purchasing an additional 7,464 shares during the period. Jane Street Group LLC grew its position in 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 buying an additional 36,734 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Monro Muffler Brake in the 1st quarter valued at about $559,000.

Monro Muffler Brake Company Profile

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.