Monro Muffler Brake (NASDAQ:MNRO) Raised to “Hold” at Wall Street Zen
by Sarita Garza · The Markets DailyMonro Muffler Brake (NASDAQ:MNRO – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.
Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Monro Muffler Brake in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.67.
Read Our Latest Stock Analysis on MNRO
Monro Muffler Brake Trading Down 0.7%
MNRO stock opened at $21.15 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.16 and a debt-to-equity ratio of 0.44. The firm has a market cap of $634.92 million, a P/E ratio of -31.57, a P/E/G ratio of 2.56 and a beta of 1.01. Monro Muffler Brake has a 1-year low of $12.19 and a 1-year high of $22.45. The business’s 50 day moving average is $19.71 and its 200-day moving average is $17.74.
Monro Muffler Brake (NASDAQ:MNRO – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Monro Muffler Brake had a positive return on equity of 2.77% and a negative net margin of 1.60%.The firm had revenue of $288.91 million during the quarter, compared to the consensus estimate of $299.04 million. During the same period last year, the company earned $0.17 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Monro Muffler Brake will post 0.63 earnings per share for the current fiscal year.
Insider Activity at Monro Muffler Brake
In other Monro Muffler Brake news, major shareholder Carl C. Icahn acquired 639,473 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of $15.19 per share, for a total transaction of $9,713,594.87. Following the purchase, the insider owned 4,439,914 shares in the company, valued at approximately $67,442,293.66. The trade was a 16.83% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have purchased 1,278,132 shares of company stock worth $20,815,969. Insiders own 2.20% of the company’s stock.
Institutional Trading of Monro Muffler Brake
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Monro Muffler Brake by 11.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock worth $9,956,000 after acquiring an additional 68,862 shares during the period. Empowered Funds LLC raised its stake in Monro Muffler Brake by 5.6% during the first quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock worth $2,049,000 after acquiring an additional 7,464 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Monro Muffler Brake by 138.8% in the fourth quarter. SG Americas Securities LLC now owns 124,222 shares of the auto parts company’s stock valued at $2,489,000 after buying an additional 72,204 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Monro Muffler Brake by 2.8% in the 3rd quarter. Rhumbline Advisers now owns 91,446 shares of the auto parts company’s stock valued at $1,643,000 after buying an additional 2,513 shares during the period. Finally, Jane Street Group LLC boosted its stake in Monro Muffler Brake by 85.2% in the first quarter. Jane Street Group LLC now owns 79,839 shares of the auto parts company’s stock valued at $1,155,000 after acquiring an additional 36,734 shares during the last quarter.
Monro Muffler Brake Company Profile
Monro Muffler Brake (NASDAQ:MNRO) is a leading provider of undercar repair and maintenance services for light vehicles in the United States. The company’s core offerings include brake systems, exhaust systems, steering and suspension repairs, tire sales and service, oil and lube changes, wheel alignment, multi-point inspections, and state vehicle inspections. Monro serves both retail customers and fleet accounts, focusing on fast, reliable service and preventive maintenance to help extend vehicle life and safety.
Headquartered in Rochester, New York, Monro was originally founded in 1957 and has grown through a combination of organic expansion and strategic acquisitions.