Monro (NASDAQ:MNRO) Lowered to Sell Rating by Wall Street Zen

Monro (NASDAQ:MNRO - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other equities research analysts have also issued reports on MNRO. Wells Fargo & Company raised their target price on shares of Monro from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Stephens raised shares of Monro from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush decreased their price objective on shares of Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st.

Monro Trading Down 1.2%

NASDAQ MNRO traded down $0.19 during trading hours on Friday, hitting $15.96. 738,272 shares of the company were exchanged, compared to its average volume of 718,270. The stock has a market cap of $478.31 million, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. Monro has a 52 week low of $12.20 and a 52 week high of $31.49. The stock has a 50-day moving average price of $14.17 and a 200 day moving average price of $19.21. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45.

Monro (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). The company had revenue of $294.99 million during the quarter, compared to the consensus estimate of $288.60 million. Monro had a return on equity of 3.76% and a net margin of 1.64%. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. Analysts forecast that Monro will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Monro

Institutional investors and hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. increased its position in shares of Monro by 1.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,741,498 shares of the auto parts company's stock worth $39,670,000 after acquiring an additional 39,248 shares during the period. Nomura Holdings Inc. grew its stake in Monro by 62.8% in the first quarter. Nomura Holdings Inc. now owns 1,681,250 shares of the auto parts company's stock worth $24,328,000 after purchasing an additional 648,269 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Monro by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock worth $39,957,000 after purchasing an additional 253,518 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Monro by 34.0% during the 4th 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. Finally, William Blair Investment Management LLC raised its position in Monro by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company's stock valued at $27,801,000 after purchasing an additional 23,184 shares in the last quarter.

Monro 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.