Monro Muffler Brake (NASDAQ:MNRO) Stock Rating Upgraded by 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 published on Saturday morning.

A number of other equities research analysts also recently weighed in on MNRO. Wedbush lowered their target price on shares of 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. Wells Fargo & Company raised their price objective on shares of Monro Muffler Brake from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, Stephens raised shares of Monro Muffler Brake from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $21.00 to $18.00 in a report on Friday, April 4th.

Monro Muffler Brake Price Performance

Shares of Monro Muffler Brake stock traded down $0.04 during trading on Friday, hitting $16.12. The stock had a trading volume of 325,878 shares, compared to its average volume of 716,561. 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 12 month low of $12.20 and a 12 month high of $31.49. The firm has a market cap of $483.12 million, a price-to-earnings ratio of -80.60, a P/E/G ratio of 1.45 and a beta of 0.97. The business's 50-day moving average is $14.64 and its 200 day moving average is $16.97.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last posted its earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 business had revenue of $294.99 million for the quarter, compared to analysts' expectations of $288.60 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Monro Muffler Brake's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Monro Muffler Brake will post 0.63 earnings per share for the current year.

Monro Muffler Brake Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.95%. The ex-dividend date was Tuesday, June 3rd. Monro Muffler Brake's dividend payout ratio is currently -560.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Clearline Capital LP bought a new position in shares of Monro Muffler Brake during the 1st quarter valued at $11,810,000. Nomura Holdings Inc. boosted 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 buying an additional 648,269 shares during the period. Cooper Creek Partners Management LLC grew its stake in shares of 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 buying an additional 370,960 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Monro Muffler Brake during the first quarter valued at about $4,379,000. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Monro Muffler Brake by 34.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company's stock worth $29,594,000 after buying an additional 302,515 shares during the period.

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.