Wall Street Zen Upgrades Monro Muffler Brake (NASDAQ:MNRO) to “Hold”

Monro Muffler Brake (NASDAQ:MNRO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research firms have also recently weighed in on MNRO. Wells Fargo & Company reduced their price objective 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a research note on Wednesday, October 8th. Two equities 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. According to MarketBeat.com, Monro Muffler Brake currently has an average rating of “Hold” and a consensus price target of $17.67.

Monro Muffler Brake Stock Up 0.7%

MNRO stock opened at $19.41 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.48 and a quick ratio of 0.16. Monro Muffler Brake has a 52-week low of $12.19 and a 52-week high of $27.98. The company has a 50-day moving average of $17.67 and a two-hundred day moving average of $16.53. The stock has a market capitalization of $582.69 million, a price-to-earnings ratio of -28.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.04.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.21 EPS for the quarter, topping 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 business had revenue of $288.91 million for the quarter, compared to analyst estimates of $299.04 million. During the same period in the previous year, the company posted $0.17 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that Monro Muffler Brake will post 0.63 EPS for the current year.

Insider Buying and Selling at Monro Muffler Brake

In related news, major shareholder Carl C. Icahn bought 101,422 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $17.48 per share, with a total value of $1,772,856.56. Following the acquisition, the insider owned 5,078,573 shares in the company, valued at approximately $88,773,456.04. This represents a 2.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders purchased 1,278,132 shares of company stock valued at $20,815,969. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MNRO. GAMMA Investing LLC boosted its stake in shares of Monro Muffler Brake by 453.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 2,131 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Monro Muffler Brake during the 1st quarter valued at $65,000. WBI Investments LLC acquired a new stake in Monro Muffler Brake during the 1st quarter valued at $179,000. AlphaQuest LLC raised its position in Monro Muffler Brake by 9.0% in the 1st quarter. AlphaQuest LLC now owns 13,727 shares of the auto parts company’s stock valued at $199,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Monro Muffler Brake in the second quarter worth $221,000.

About Monro Muffler Brake

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