Stephens Lowers Monro Muffler Brake (NASDAQ:MNRO) Price Target to $17.00

Monro Muffler Brake (NASDAQ:MNRO) had its price target cut by Stephens from $20.00 to $17.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Stephens’ price objective points to a potential upside of 38.78% from the stock’s previous close.

MNRO has been the subject of several other reports. Zacks Research cut Monro Muffler Brake from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Wall Street Zen lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings upgraded Monro Muffler Brake from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company reduced their target price on Monro Muffler Brake from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, two have 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 a consensus target price of $24.33.

Monro Muffler Brake Trading Down 8.9%

NASDAQ MNRO opened at $12.25 on Thursday. The stock has a market capitalization of $382.78 million, a P/E ratio of 55.68, a P/E/G ratio of 3.09 and a beta of 1.01. Monro Muffler Brake has a 52-week low of $12.16 and a 52-week high of $23.91. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $17.61. The company has a quick ratio of 0.16, a current ratio of 0.49 and a debt-to-equity ratio of 0.50.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, July 29th. The auto parts company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Monro Muffler Brake had a net margin of 0.71% and a return on equity of 0.80%. The firm had revenue of $287.13 million during the quarter, compared to analyst estimates of $286.30 million. During the same quarter in the previous year, the business earned $0.22 EPS. Monro Muffler Brake’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts expect that Monro Muffler Brake will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Monro Muffler Brake

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Monro Muffler Brake by 138.8% during the fourth quarter. SG Americas Securities LLC now owns 124,222 shares of the auto parts company’s stock worth $2,489,000 after purchasing an additional 72,204 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Monro Muffler Brake in the third quarter valued at $504,000. Jane Street Group LLC grew 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 purchasing an additional 36,734 shares during the last quarter. Empowered Funds LLC increased its position in shares of Monro Muffler Brake by 5.6% in the first quarter. Empowered Funds LLC now owns 141,635 shares of the auto parts company’s stock valued at $2,049,000 after buying an additional 7,464 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position 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 buying an additional 68,862 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.