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

Monro Muffler Brake (NASDAQ:MNRO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

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. “

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Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. TheStreet upgraded shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Guggenheim began coverage on shares of Monro Muffler Brake in a research report on Tuesday. They issued a “buy” rating and a $67.00 price target for the company. BidaskClub upgraded shares of Monro Muffler Brake from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Oppenheimer reiterated a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Monro Muffler Brake presently has a consensus rating of “Hold” and an average target price of $62.13.

Shares of NASDAQ MNRO opened at $54.45 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 0.33. The company has a market cap of $1,785.69, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.55 and a beta of 0.62. Monro Muffler Brake has a 12-month low of $39.65 and a 12-month high of $64.15.

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

In related news, insider Maureen Mulholland sold 3,000 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total transaction of $153,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

Several large investors have recently modified their holdings of the stock. D.B. Root & Company LLC bought a new position in shares of Monro Muffler Brake during the fourth quarter worth $249,000. Grandeur Peak Global Advisors LLC boosted its position in shares of Monro Muffler Brake by 254.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 173,775 shares of the auto parts company’s stock worth $9,896,000 after acquiring an additional 124,775 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Monro Muffler Brake during the fourth quarter valued at $213,000. MetLife Investment Advisors LLC purchased a new stake in Monro Muffler Brake during the fourth quarter valued at $858,000. Finally, Gotham Asset Management LLC purchased a new stake in Monro Muffler Brake during the fourth quarter valued at $686,000.

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About Monro Muffler Brake

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.

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