Monro Muffler Brake (NASDAQ:MNRO) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of Monro Muffler Brake (NASDAQ:MNRO) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday,Zacks reports.

Other analysts also recently issued research reports about the company. Weiss Ratings downgraded Monro Muffler Brake from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, September 29th. Stephens reduced their price target on Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company decreased their price target on Monro Muffler Brake from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, October 30th. Finally, Wall Street Zen lowered Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Monro Muffler Brake presently has an average rating of “Hold” and a consensus target price of $23.00.

Monro Muffler Brake Stock Down 10.2%

NASDAQ:MNRO opened at $10.35 on Wednesday. Monro Muffler Brake has a fifty-two week low of $10.32 and a fifty-two week high of $23.91. The stock has a market capitalization of $324.27 million, a P/E ratio of -1,033.97, a P/E/G ratio of 9.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.16 and a current ratio of 0.48. The company’s 50-day simple moving average is $13.03 and its 200-day simple moving average is $15.68.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, October 29th. The auto parts company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). Monro Muffler Brake had a negative return on equity of 0.35% and a net margin of 0.07%. The firm had revenue of $283.64 million for the quarter, compared to the consensus estimate of $284.06 million. During the same quarter last year, the firm earned $0.21 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Monro Muffler Brake will post -0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Monro Muffler Brake

A number of institutional investors have recently modified their holdings of MNRO. Cygnus Capital Advisors LLC increased its stake in shares of Monro Muffler Brake by 826.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company’s stock valued at $5,209,000 after purchasing an additional 271,615 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Monro Muffler Brake by 84.7% during the third quarter. Bleakley Financial Group LLC now owns 258,077 shares of the auto parts company’s stock worth $3,611,000 after purchasing an additional 118,343 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Monro Muffler Brake during the third quarter worth approximately $77,000. Baird Financial Group Inc. acquired a new stake in Monro Muffler Brake in the second quarter valued at approximately $207,000. Finally, Stillwater Wealth Management Group acquired a new stake in Monro Muffler Brake in the third quarter valued at approximately $162,000.

About Monro Muffler Brake

Monro, Inc., formerly known as Monro Muffler Brake, is an automotive service provider operating retail locations primarily across the eastern United States. The company serves consumers and commercial customers through vehicle maintenance and repair services. Its offerings include tire sales and installation, brake service, exhaust system repairs, wheel alignment, steering and suspension work, and routine maintenance such as oil changes. Monro also provides related diagnostic and repair services for passenger vehicles.