Monro Muffler Brake (MNRO) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Monro Muffler Brake (NASDAQ:MNRO) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

MNRO has been the subject of a number of other reports. Zacks Investment Research cut Monro Muffler Brake from a buy rating to a hold rating in a research note on Thursday, April 5th. TheStreet cut Monro Muffler Brake from a b- rating to a c+ rating in a research note on Tuesday, February 27th. BidaskClub raised Monro Muffler Brake from a sell rating to a hold rating in a research note on Saturday, March 3rd. Jefferies Group reissued a hold rating on shares of Monro Muffler Brake in a research note on Wednesday, January 31st. Finally, SunTrust Banks initiated coverage on Monro Muffler Brake in a research note on Thursday, March 22nd. They issued a hold rating and a $55.00 target price for the company. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $61.75.

Monro Muffler Brake traded down $0.10, reaching $56.75, on Tuesday, Marketbeat.com reports. The company’s stock had a trading volume of 1,470 shares, compared to its average volume of 307,213. Monro Muffler Brake has a 1-year low of $56.20 and a 1-year high of $57.40. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.77 and a beta of 0.61.

In other news, insider Maureen Mulholland sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $51.00, for a total transaction of $153,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of MNRO. Victory Capital Management Inc. boosted its position in shares of Monro Muffler Brake by 12,196.4% during the first quarter. Victory Capital Management Inc. now owns 428,285 shares of the auto parts company’s stock worth $22,956,000 after buying an additional 424,802 shares during the period. Wasatch Advisors Inc. boosted its position in shares of Monro Muffler Brake by 13.6% during the fourth quarter. Wasatch Advisors Inc. now owns 3,290,061 shares of the auto parts company’s stock worth $187,369,000 after buying an additional 394,585 shares during the period. CWM LLC acquired a new position in shares of Monro Muffler Brake during the fourth quarter worth about $12,802,000. ArrowMark Colorado Holdings LLC boosted its position in shares of Monro Muffler Brake by 9.1% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,070,591 shares of the auto parts company’s stock worth $117,920,000 after buying an additional 172,064 shares during the period. Finally, 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 buying an additional 124,775 shares during the period.

Monro Muffler Brake Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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