Monro (NASDAQ:MNRO) Stock Rating Lowered by Wall Street Zen

Monro (NASDAQ:MNRO) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

MNRO has been the topic of several other reports. Wells Fargo & Company raised their target price on Monro from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday. Stephens upgraded Monro from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush cut their price target on shares of Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st.

Monro Stock Down 4.1%

Shares of Monro stock opened at $15.23 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. Monro has a 52-week low of $12.20 and a 52-week high of $31.49. The stock has a market capitalization of $456.12 million, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.05 and a beta of 0.95. The company’s 50 day moving average price is $14.19 and its 200-day moving average price is $19.46.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The firm had revenue of $294.99 million during the quarter, compared to the consensus estimate of $288.60 million. Monro had a return on equity of 3.76% and a net margin of 1.64%. Monro’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. Equities research analysts forecast that Monro will post 0.63 EPS for the current year.

Institutional Trading of Monro

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Monro by 964.8% during the first quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 1,756 shares in the last quarter. CWM LLC boosted its stake in Monro by 132.3% during the first quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 1,747 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Monro during the fourth quarter worth about $52,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Monro in the 1st quarter worth approximately $65,000. Finally, GAMMA Investing LLC boosted its position in shares of Monro by 1,276.7% in the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 6,307 shares in the last quarter.

Monro Company Profile

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.