Monro Muffler Brake (NASDAQ:MNRO) Stock Rating Lowered by Wall Street Zen

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

Other analysts have also recently issued research reports about the company. Wedbush reduced their price target on Monro Muffler Brake from $27.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Stephens raised Monro Muffler Brake from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wells Fargo & Company boosted their price objective on Monro Muffler Brake from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th.

Monro Muffler Brake Stock Performance

NASDAQ MNRO remained flat at $16.65 on Friday. The company's stock had a trading volume of 1,054,055 shares, compared to its average volume of 728,304. The firm has a 50-day simple moving average of $15.02 and a 200 day simple moving average of $16.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.18. Monro Muffler Brake has a 1 year low of $12.20 and a 1 year high of $31.49. The company has a market capitalization of $499.02 million, a P/E ratio of -83.25, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). Monro Muffler Brake had a positive return on equity of 2.43% and a negative net margin of 0.43%. The company had revenue of $294.99 million during the quarter, compared to analyst estimates of $288.60 million. During the same period in the prior year, the firm earned $0.21 EPS. Monro Muffler Brake's quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts anticipate that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Monro Muffler Brake

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in Monro Muffler Brake in the 1st quarter valued at approximately $359,000. SG Americas Securities LLC acquired a new position in Monro Muffler Brake in the 1st quarter valued at approximately $680,000. Dynamic Technology Lab Private Ltd acquired a new position in Monro Muffler Brake in the 4th quarter valued at approximately $1,207,000. Arrowstreet Capital Limited Partnership raised its holdings in Monro Muffler Brake by 51.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 92,558 shares of the auto parts company's stock valued at $2,295,000 after acquiring an additional 31,340 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Monro Muffler Brake by 68.3% in the 4th quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company's stock valued at $3,787,000 after acquiring an additional 61,988 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.