Monro Muffler Brake (NASDAQ:MNRO) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Monro Muffler Brake has received a "sell (D)" rating from Weiss Ratings, indicating a bearish outlook from analysts.
• The company reported $0.22 earnings per share (EPS) for its last quarter, exceeding expectations of $0.17 EPS, with a revenue increase of 2.7% year-over-year.
• Monro Muffler Brake's stock is currently trading at $17.28 with a market capitalization of $518.04 million, and it has a consensus rating of "Hold" from research analysts.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

MNRO has been the topic of several other research reports. Wells Fargo & Company cut their price target on Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Monro Muffler Brake from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Monro Muffler Brake presently has a consensus rating of "Hold" and a consensus price target of $17.33.

Monro Muffler Brake Trading Down 2.4%

MNRO opened at $17.28 on Wednesday. The firm has a market capitalization of $518.04 million, a price-to-earnings ratio of -25.79, a PEG ratio of 1.78 and a beta of 1.08. Monro Muffler Brake has a fifty-two week low of $12.19 and a fifty-two week high of $30.18. The company's 50 day moving average price is $16.92 and its two-hundred day moving average price is $15.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.50 and a quick ratio of 0.16.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. Monro Muffler Brake had a negative net margin of 1.59% and a positive return on equity of 2.49%. The firm had revenue of $301.04 million during the quarter, compared to analyst estimates of $295.05 million. During the same quarter last year, the business earned $0.22 EPS. The company's revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Monro Muffler Brake will post 0.63 earnings per share for the current year.

Institutional Investors Weigh In On Monro Muffler Brake

Large investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC raised 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 purchasing an additional 732 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 last quarter. AlphaQuest LLC boosted its position in Monro Muffler Brake by 9.0% during the first quarter. AlphaQuest LLC now owns 13,727 shares of the auto parts company's stock valued at $199,000 after purchasing an additional 1,128 shares in the last quarter. New York State Common Retirement Fund grew its stake in Monro Muffler Brake by 13.3% in the first quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company's stock valued at $148,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Monro Muffler Brake by 8.8% in the 1st quarter. Rafferty Asset Management LLC now owns 16,398 shares of the auto parts company's stock valued at $237,000 after buying an additional 1,327 shares in the last quarter.

About Monro Muffler Brake

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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