Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday.
Other equities analysts also recently issued research reports about the company. Wedbush cut their price objective on Monro Muffler Brake from $27.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company boosted their target price on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Finally, Stephens raised shares of Monro Muffler Brake from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Friday, April 4th.
View Our Latest Stock Analysis on MNRO
Monro Muffler Brake Stock Down 2.8%
Shares of NASDAQ MNRO traded down $0.42 during trading on Friday, reaching $14.46. The company had a trading volume of 560,678 shares, compared to its average volume of 718,730. Monro Muffler Brake has a 12-month low of $12.20 and a 12-month high of $31.49. The stock has a market cap of $433.38 million, a PE ratio of -72.30, a P/E/G ratio of 1.30 and a beta of 0.97. The business's 50-day moving average is $14.84 and its 200 day moving average is $16.63. The company has a quick ratio of 0.18, a current ratio of 0.53 and a debt-to-equity ratio of 0.45.
Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). The firm had revenue of $294.99 million during the quarter, compared to analysts' expectations of $288.60 million. Monro Muffler Brake had a positive return on equity of 2.43% and a negative net margin of 0.43%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. As a group, equities analysts forecast that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Monro Muffler Brake
A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Monro Muffler Brake by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,995 shares of the auto parts company's stock valued at $421,000 after buying an additional 577 shares in the last quarter. SummerHaven Investment Management LLC increased its position in Monro Muffler Brake by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,443 shares of the auto parts company's stock valued at $527,000 after buying an additional 732 shares in the last quarter. AlphaQuest LLC increased its position in Monro Muffler Brake by 9.0% during the 1st quarter. AlphaQuest LLC now owns 13,727 shares of the auto parts company's stock valued at $199,000 after buying an additional 1,128 shares in the last quarter. New York State Common Retirement Fund increased its position in Monro Muffler Brake by 13.3% during the 1st quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company's stock valued at $148,000 after buying an additional 1,203 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Monro Muffler Brake by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company's stock valued at $1,382,000 after purchasing an additional 1,217 shares during the period.
About Monro Muffler Brake
(
Get Free Report)
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.
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