Monro Muffler Brake (NASDAQ:MNRO) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Monro Muffler Brake (NASDAQ:MNRO) issued its quarterly earnings results on Wednesday. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12), FiscalAI reports. Monro Muffler Brake had a positive return on equity of 2.69% and a negative net margin of 1.06%.The company had revenue of $273.84 million for the quarter, compared to analyst estimates of $283.48 million.

Monro Muffler Brake Trading Down 1.1%

NASDAQ:MNRO opened at $16.56 on Wednesday. Monro Muffler Brake has a 1 year low of $12.26 and a 1 year high of $23.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.15 and a current ratio of 0.45. The stock has a fifty day moving average price of $16.42 and a two-hundred day moving average price of $18.71. The stock has a market capitalization of $497.13 million, a price-to-earnings ratio of -35.23, a PEG ratio of 1.64 and a beta of 1.07.

Hedge Funds Weigh In On Monro Muffler Brake

A number of large investors have recently made changes to their positions in MNRO. Goldman Sachs Group Inc. lifted its stake in shares of Monro Muffler Brake by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 688,075 shares of the auto parts company’s stock valued at $9,956,000 after purchasing an additional 68,862 shares during the period. Jones Financial Companies Lllp acquired a new position in Monro Muffler Brake during the first quarter worth about $559,000. Jane Street Group LLC increased its holdings 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 buying an additional 36,734 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Monro Muffler Brake by 139.8% during the 1st quarter. Royal Bank of Canada now owns 27,904 shares of the auto parts company’s stock valued at $404,000 after acquiring an additional 16,268 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Monro Muffler Brake by 5.6% during the 1st quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock valued at $2,049,000 after acquiring an additional 7,464 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MNRO. Oppenheimer upgraded shares of Monro Muffler Brake from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Monro Muffler Brake in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.00.

About Monro Muffler Brake

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.