Free Trial

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

Monro Muffler Brake logo with Consumer Discretionary background

Key Points

  • Monro Muffler Brake received an upgrade from "sell" to "hold" by Wall Street Zen, indicating a shift in sentiment among analysts.
  • Wells Fargo cut their price target for Monro from $16.00 to $15.00, while Stephens changed their target from $21.00 to $18.00 after upgrading the stock.
  • Monro Muffler Brake reported $0.22 earnings per share for the last quarter, exceeding forecasts, with a year-over-year revenue increase of 2.7%.
  • Five stocks we like better than Monro Muffler Brake.

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

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday. Stephens raised Monro Muffler Brake from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Friday, April 4th.

Read Our Latest Stock Analysis on Monro Muffler Brake

Monro Muffler Brake Stock Up 2.3%

Shares of MNRO stock traded up $0.33 during mid-day trading on Friday, reaching $14.42. 1,168,782 shares of the company's stock traded hands, compared to its average volume of 946,074. The company has a market cap of $432.31 million, a P/E ratio of -21.52, a P/E/G ratio of 1.29 and a beta of 0.97. The company's 50-day moving average price is $15.30 and its 200-day moving average price is $16.08. Monro Muffler Brake has a 12 month low of $12.19 and a 12 month high of $30.18. The company has a quick ratio of 0.16, a current ratio of 0.50 and a debt-to-equity ratio of 0.47.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The company had revenue of $301.04 million for the quarter, compared to analysts' expectations of $295.05 million. Monro Muffler Brake had a negative net margin of 1.59% and a positive return on equity of 2.49%. Monro Muffler Brake's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities analysts expect that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Monro Muffler Brake

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in Monro Muffler Brake by 10.9% during the fourth quarter. American Century Companies Inc. now owns 50,511 shares of the auto parts company's stock valued at $1,253,000 after buying an additional 4,972 shares during the last quarter. Sei Investments Co. increased its holdings in Monro Muffler Brake by 2.7% during the fourth quarter. Sei Investments Co. now owns 116,240 shares of the auto parts company's stock valued at $2,883,000 after buying an additional 3,033 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Monro Muffler Brake during the fourth quarter valued at approximately $156,000. JPMorgan Chase & Co. increased its holdings in Monro Muffler Brake by 68.3% during the fourth quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company's stock valued at $3,787,000 after buying an additional 61,988 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Monro Muffler Brake by 51.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 92,558 shares of the auto parts company's stock valued at $2,295,000 after buying an additional 31,340 shares during the last quarter.

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.

See Also

Should You Invest $1,000 in Monro Muffler Brake Right Now?

Before you consider Monro Muffler Brake, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monro Muffler Brake wasn't on the list.

While Monro Muffler Brake currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines