Monro Muffler Brake (NASDAQ:MNRO) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Monro Muffler Brake (NASDAQ:MNRO - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

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

Monro Muffler Brake Stock Performance

Shares of MNRO traded down $0.61 during mid-day trading on Friday, reaching $15.10. The company's stock had a trading volume of 199,260 shares, compared to its average volume of 714,239. The stock has a market cap of $452.41 million, a P/E ratio of -75.45, a PEG ratio of 1.45 and a beta of 0.97. The business has a 50-day simple moving average of $14.68 and a two-hundred day simple moving average of $16.85. The company has a current ratio of 0.53, a quick ratio of 0.18 and a debt-to-equity ratio of 0.45. Monro Muffler Brake has a 1-year low of $12.20 and a 1-year high of $31.49.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $294.99 million for the quarter, compared to the consensus estimate 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 was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, equities research analysts anticipate that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a $0.28 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $1.12 annualized dividend and a yield of 7.42%. Monro Muffler Brake's payout ratio is -560.00%.

Hedge Funds Weigh In On Monro Muffler Brake

Institutional investors have recently bought and sold shares of the company. Clearline Capital LP bought a new position in shares of Monro Muffler Brake in the first quarter worth $11,810,000. Nomura Holdings Inc. raised its position in Monro Muffler Brake by 62.8% during the first quarter. Nomura Holdings Inc. now owns 1,681,250 shares of the auto parts company's stock valued at $24,328,000 after purchasing an additional 648,269 shares in the last quarter. Cooper Creek Partners Management LLC raised its position in Monro Muffler Brake by 66.4% during the fourth quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company's stock valued at $23,046,000 after purchasing an additional 370,960 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Monro Muffler Brake during the first quarter valued at about $4,379,000. Finally, Adage Capital Partners GP L.L.C. raised its position in Monro Muffler Brake by 34.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company's stock valued at $29,594,000 after purchasing an additional 302,515 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.