The stock of Monro Muffler Brake Inc (NASDAQ:MNRO) hit a new 52-week low and has $49.32 target or 7.00% below today’s $53.03 share price. The 9 months bearish chart indicates high risk for the $1.70B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $49.32 price target is reached, the company will be worth $119.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 382,885 shares traded hands or 45.05% up from the average. Monro Muffler Brake Inc (NASDAQ:MNRO) has declined 21.86% since April 7, 2016 and is downtrending. It has underperformed by 26.65% the S&P500.
Monro Muffler Brake Inc (NASDAQ:MNRO) Ratings Coverage
Out of 11 analysts covering Monro Muffler Brake (NASDAQ:MNRO), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Monro Muffler Brake has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Monro Muffler Brake Inc (NASDAQ:MNRO) earned “Hold” rating by Gabelli on Tuesday, December 8. Goldman Sachs maintained the shares of MNRO in a report on Wednesday, April 6 with “Neutral” rating. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, October 20. Stifel Nicolaus maintained the shares of MNRO in a report on Friday, October 23 with “Buy” rating. The stock of Monro Muffler Brake Inc (NASDAQ:MNRO) earned “Sector Weight” rating by KeyBanc Capital Markets on Wednesday, August 19. Goldman Sachs initiated the shares of MNRO in a report on Thursday, December 17 with “Neutral” rating. Oppenheimer initiated the shares of MNRO in a report on Tuesday, March 29 with “Outperform” rating. The stock of Monro Muffler Brake Inc (NASDAQ:MNRO) earned “Neutral” rating by Northcoast on Thursday, October 27. On Monday, September 28 the stock rating was initiated by CL King with “Neutral”. Evercore upgraded it to “Hold” rating and $71 target price in Wednesday, August 5 report.
According to Zacks Investment Research, “Monro Muffler/Brake, Inc. is a chain of company-operated and dealer-operated stores providing automotive undercar repair services in the United States. Monro’s stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems and many other vehicle maintenance services. The company’s stores typically are situated in high-visibility locations in suburban areas and small towns, as well as in major metropolitan areas.”
Insitutional Activity: The institutional sentiment decreased to 1.22 in Q2 2016. Its down 0.11, from 1.33 in 2016Q1. The ratio fall, as 18 funds sold all Monro Muffler Brake Inc shares owned while 60 reduced positions. 25 funds bought stakes while 70 increased positions. They now own 34.02 million shares or 2.60% more from 33.16 million shares in 2016Q1.
The New York-based Morgan Stanley has invested 0% in Monro Muffler Brake Inc (NASDAQ:MNRO). Kcg, a New Jersey-based fund reported 7,423 shares. Stephens Ar reported 4,875 shares or 0.01% of all its holdings. American Grp Incorporated reported 23,512 shares or 0% of all its holdings. Moreover, Ladenburg Thalmann Svcs Incorporated has 0% invested in Monro Muffler Brake Inc (NASDAQ:MNRO) for 3,665 shares. Eagle Asset Mngmt Incorporated owns 76,164 shares or 0.03% of their US portfolio. Mycio Wealth Lc accumulated 0% or 104 shares. Falcon Point Limited, a California-based fund reported 115,427 shares. Tortoise Invest Mgmt Lc accumulated 0% or 84 shares. Moreover, Gamco Investors Et Al has 0.03% invested in Monro Muffler Brake Inc (NASDAQ:MNRO) for 60,900 shares. Us National Bank De, a Minnesota-based fund reported 12,600 shares. Blackrock Inv Management Ltd last reported 0.01% of its portfolio in the stock. Raymond James Associates has 22,882 shares for 0% of their US portfolio. Janus Cap Mngmt Ltd last reported 0.04% of its portfolio in the stock. State Street Corporation reported 723,774 shares or 0% of all its holdings.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 9 selling transactions for $4.03 million net activity. 6,666 shares with value of $415,953 were sold by GLICKMAN DONALD on Tuesday, May 24. $621,322 worth of Monro Muffler Brake Inc (NASDAQ:MNRO) was sold by MELLOR ROBERT E on Thursday, June 2. Another trade for 10,000 shares valued at $552,121 was sold by SOLOMON PETER J. $382,743 worth of Monro Muffler Brake Inc (NASDAQ:MNRO) was sold by HOORNBECK CHRISTOPHER R. Another trade for 650 shares valued at $36,546 was made by Lamb John C on Thursday, August 25. WOLSZON ELIZABETH A. sold $269,544 worth of stock or 4,400 shares.
More news for Monro Muffler Brake Inc (NASDAQ:MNRO) were recently published by: Seekingalpha.com, which released: “Monro Muffler Brake: Strong Growth Visibility, 30% Upside” on November 07, 2016. Globenewswire.com‘s article titled: “Monro Muffler Brake, Inc. Announces First Quarter Fiscal 2017 Financial Results” and published on July 28, 2016 is yet another important article.
MNRO Company Profile
Monro Muffler Brake, Inc., incorporated on October 5, 1959, is engaged in the provision of automotive undercar repair and tire services in the United States. The Firm provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. The Firm also provides other services and products, including tires and routine maintenance services, including state inspections. The Firm is also engaged in repair and replacement of parts. The Company’s store provides a range of undercar repair services for brakes, steering, mufflers and exhaust systems, drive train, suspension and wheel alignment, as well as tire replacement and service. These services apply to all makes and models of domestic and foreign cars, light trucks and vans.
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