Monro Muffler Brake (MNRO) Rating Lowered to Hold at Zacks Investment Research

Monro Muffler Brake (NASDAQ:MNRO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Friday, March 16th.

According to Zacks, “Monro Muffler Brake, Inc. is a chain of 1,118 Company-operated stores, 114 franchised locations, five wholesale locations, two retread facilities and 14 dealer-operated stores providing automotive undercar repair and tire sales and services. Monro Muffler Brake operates a chain of stores providing automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, Speedy Auto Service by Monro, Kimmel Tires – Auto Service and Tread Quarters Discount Tires. Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of new construction stores. “

How to Become a New Pot Stock Millionaire

Several other brokerages have also recently weighed in on MNRO. BidaskClub upgraded Monro Muffler Brake from a “hold” rating to a “buy” rating in a report on Friday, January 26th. TheStreet upgraded Monro Muffler Brake from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Jefferies Group reiterated a “hold” rating on shares of Monro Muffler Brake in a report on Wednesday, January 31st. Finally, Oppenheimer reiterated a “buy” rating on shares of Monro Muffler Brake in a report on Tuesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Monro Muffler Brake presently has an average rating of “Hold” and an average target price of $60.71.

MNRO traded down $1.55 during trading hours on Friday, reaching $55.55. 237,730 shares of the company’s stock traded hands, compared to its average volume of 258,956. Monro Muffler Brake has a 52-week low of $39.65 and a 52-week high of $64.15. The company has a quick ratio of 0.33, a current ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1,821.76, a P/E ratio of 30.03, a PEG ratio of 1.58 and a beta of 0.62.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. Monro Muffler Brake had a return on equity of 10.48% and a net margin of 5.13%. The company had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $292.94 million. During the same quarter in the previous year, the business earned $0.53 EPS. Monro Muffler Brake’s revenue was down .9% compared to the same quarter last year. equities analysts anticipate that Monro Muffler Brake will post 2.02 EPS for the current fiscal year.

In related news, Director Stephen C. Mccluski sold 10,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $55.51, for a total transaction of $555,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maureen Mulholland sold 3,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $51.00, for a total value of $153,000.00. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new stake in shares of Monro Muffler Brake during the 4th quarter worth $213,000. Advisor Group Inc. lifted its stake in shares of Monro Muffler Brake by 837.7% during the 4th quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock worth $219,000 after purchasing an additional 3,443 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Monro Muffler Brake during the 4th quarter worth $232,000. Paloma Partners Management Co purchased a new stake in shares of Monro Muffler Brake during the 4th quarter worth $233,000. Finally, D.B. Root & Company LLC purchased a new stake in shares of Monro Muffler Brake during the 4th quarter worth $249,000.

COPYRIGHT VIOLATION NOTICE: “Monro Muffler Brake (MNRO) Rating Lowered to Hold at Zacks Investment Research” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/09/monro-mnro-downgraded-by-zacks-investment-research-to-hold.html.

Monro Muffler Brake Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

Get a free copy of the Zacks research report on Monro Muffler Brake (MNRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

Receive News & Ratings for Monro Muffler Brake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply