Stephens Issues Pessimistic Forecast for Monro Muffler Brake (NASDAQ:MNRO) Stock Price

Monro Muffler Brake (NASDAQ:MNRO) had its price target reduced by stock analysts at Stephens from $20.00 to $17.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Stephens’ price objective would indicate a potential upside of 28.21% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Zacks Research downgraded shares of Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Weiss Ratings raised Monro Muffler Brake from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Wells Fargo & Company decreased their price objective on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 11th. Finally, Wall Street Zen lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.33.

Monro Muffler Brake Trading Down 22.9%

Shares of MNRO opened at $13.26 on Thursday. The stock has a market capitalization of $414.38 million, a PE ratio of 663.00, a P/E/G ratio of 3.95 and a beta of 1.01. The company’s fifty day moving average is $16.28 and its 200 day moving average is $17.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.16 and a current ratio of 0.46. Monro Muffler Brake has a fifty-two week low of $12.26 and a fifty-two week high of $23.91.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13). Monro Muffler Brake had a net margin of 0.19% and a return on equity of 2.33%. The business had revenue of $287.13 million for the quarter, compared to the consensus estimate of $286.30 million. During the same quarter last year, the business earned $0.22 EPS. Monro Muffler Brake’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts expect that Monro Muffler Brake will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Monro Muffler Brake

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNRO. SG Americas Securities LLC boosted its position in Monro Muffler Brake by 138.8% in the 4th 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 period. Tudor Investment Corp ET AL bought a new position in Monro Muffler Brake in the 3rd quarter worth about $504,000. Huntington National Bank increased its position in shares of Monro Muffler Brake by 61.5% during the fourth quarter. Huntington National Bank now owns 1,996 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 760 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Monro Muffler Brake by 11.1% during the first 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. Finally, Empowered Funds LLC raised its stake in shares of 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 valued at $2,049,000 after acquiring an additional 7,464 shares in the last quarter.

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.