Monro Muffler Brake (NASDAQ:MNRO) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Monro Muffler Brake (NASDAQ:MNRO) from a sell rating to a strong sell rating in a report published on Saturday morning.

Several other research firms also recently weighed in on MNRO. Weiss Ratings raised shares of Monro Muffler Brake from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Stephens decreased their price target on shares of Monro Muffler Brake from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday. Zacks Research downgraded shares of Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Monro Muffler Brake Trading Down 8.9%

NASDAQ MNRO opened at $12.25 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.49 and a debt-to-equity ratio of 0.50. The firm has a market cap of $382.94 million, a PE ratio of 55.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.01. The company has a 50 day moving average price of $16.13 and a 200 day moving average price of $17.61. Monro Muffler Brake has a 52 week low of $12.16 and a 52 week high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, July 29th. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Monro Muffler Brake had a return on equity of 0.80% and a net margin of 0.71%.The business had revenue of $287.13 million for the quarter, compared to analysts’ expectations of $286.30 million. During the same quarter in the previous year, the firm posted $0.22 EPS. Monro Muffler Brake’s revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that Monro Muffler Brake will post 0.29 EPS for the current fiscal year.

Monro Muffler Brake Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 9.1%. Monro Muffler Brake’s dividend payout ratio is currently 509.09%.

Institutional Investors Weigh In On Monro Muffler Brake

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in shares of Monro Muffler Brake by 138.8% during the 4th quarter. SG Americas Securities LLC now owns 124,222 shares of the auto parts company’s stock worth $2,489,000 after buying an additional 72,204 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 valued at $9,956,000 after buying an additional 68,862 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Monro Muffler Brake in the 1st quarter valued at $559,000. Jane Street Group LLC grew its position in shares of Monro Muffler Brake by 85.2% in the 1st 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 during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Monro Muffler Brake in the 3rd quarter valued at $504,000.

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.