Monro Muffler Brake (NASDAQ:MNRO) Cut to “Strong Sell” at Zacks Research

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

Several other equities analysts also recently commented on the stock. Wall Street Zen downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Wells Fargo & Company decreased their price objective on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded Monro Muffler Brake from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Monro Muffler Brake has an average rating of “Reduce” and an average price target of $28.00.

Monro Muffler Brake Stock Up 0.9%

NASDAQ MNRO opened at $17.11 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.46 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $16.30 and a two-hundred day moving average of $18.25. The firm has a market capitalization of $513.64 million, a price-to-earnings ratio of 855.50, a PEG ratio of 3.90 and a beta of 1.03. Monro Muffler Brake has a 52 week low of $12.26 and a 52 week high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Wednesday, May 27th. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12). The firm had revenue of $273.84 million during the quarter, compared to analysts’ expectations of $283.47 million. Monro Muffler Brake had a net margin of 0.19% and a return on equity of 2.33%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. On average, analysts predict that Monro Muffler Brake will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Monro Muffler Brake

Several large investors have recently added to or reduced their stakes in MNRO. Huntington National Bank increased its position in shares of Monro Muffler Brake by 61.5% during the fourth quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 760 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Monro Muffler Brake by 455.3% in the first quarter. Sound Income Strategies LLC now owns 3,282 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 2,691 shares during the period. GAMMA Investing LLC grew its stake in Monro Muffler Brake by 72.3% in the fourth quarter. GAMMA Investing LLC now owns 12,609 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 5,291 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Monro Muffler Brake by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,775 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 780 shares during the period. Finally, Royal Bank of Canada raised its position in Monro Muffler Brake by 139.8% during 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 in 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.