Jefferies Issues a Downgrade for Monro (NASDAQ:MNRO) from a Buy to Hold Rating

October 13, 2017 - By Linda Rogers

 Jefferies Issues a Downgrade for Monro (NASDAQ:MNRO) from a Buy to Hold Rating

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.23, from 1.45 in 2017Q1. It turned negative, as 31 investors sold Monro Inc shares while 47 reduced holdings. 31 funds opened positions while 64 raised stakes. 33.30 million shares or 2.32% less from 34.09 million shares in 2017Q1 were reported.

Capstone Asset reported 0.01% stake. Quantbot Technology L P has invested 0.09% in Monro Inc (NASDAQ:MNRO). Trexquant Invest Ltd Partnership invested 0.13% in Monro Inc (NASDAQ:MNRO). Metropolitan Life Insur Ny reported 21,842 shares. Fifth Third Savings Bank accumulated 115 shares or 0% of the stock. Ls Advisors Ltd Liability Co owns 0% invested in Monro Inc (NASDAQ:MNRO) for 1,244 shares. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 10,300 shares. Moreover, Grandeur Peak Advsr has 0.12% invested in Monro Inc (NASDAQ:MNRO) for 19,400 shares. Eagle Asset Incorporated owns 98,416 shares or 0.02% of their US portfolio. Da Davidson & Communication holds 6,652 shares or 0.01% of its portfolio. Price T Rowe Assocs Inc Md invested in 1.69 million shares. Voya Invest Limited Liability Corporation holds 0% or 50,073 shares in its portfolio. Jane Street Gp Ltd Liability Com holds 0.01% or 87,750 shares in its portfolio. The New York-based Millennium Limited Liability has invested 0% in Monro Inc (NASDAQ:MNRO). Btim holds 303,868 shares.

Monro (NASDAQ:MNRO) Receives a Downgrade

Jefferies has decreased the rating for shares of Monro (NASDAQ:MNRO) to a solid Hold in a research note issued to investors and clients on 12 October. MNRO’s previous rating by the firm was a Buy.

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.23, from 1.45 in 2017Q1. It turned negative, as 31 investors sold Monro Inc shares while 47 reduced holdings. 31 funds opened positions while 64 raised stakes. 33.30 million shares or 2.32% less from 34.09 million shares in 2017Q1 were reported.

Capstone Asset reported 0.01% stake. Quantbot Technology L P has invested 0.09% in Monro Inc (NASDAQ:MNRO). Trexquant Invest Ltd Partnership invested 0.13% in Monro Inc (NASDAQ:MNRO). Metropolitan Life Insur Ny reported 21,842 shares. Fifth Third Savings Bank accumulated 115 shares or 0% of the stock. Ls Advisors Ltd Liability Co owns 0% invested in Monro Inc (NASDAQ:MNRO) for 1,244 shares. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 10,300 shares. Moreover, Grandeur Peak Advsr has 0.12% invested in Monro Inc (NASDAQ:MNRO) for 19,400 shares. Eagle Asset Incorporated owns 98,416 shares or 0.02% of their US portfolio. Da Davidson & Communication holds 6,652 shares or 0.01% of its portfolio. Price T Rowe Assocs Inc Md invested in 1.69 million shares. Voya Invest Limited Liability Corporation holds 0% or 50,073 shares in its portfolio. Jane Street Gp Ltd Liability Com holds 0.01% or 87,750 shares in its portfolio. The New York-based Millennium Limited Liability has invested 0% in Monro Inc (NASDAQ:MNRO). Btim holds 303,868 shares.

Monro Inc (NASDAQ:MNRO) Ratings Coverage

Among 12 analysts covering Monro Muffler Brake (NASDAQ:MNRO), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Monro Muffler Brake has $86 highest and $60.0 lowest target. $70.43’s average target is 34.02% above currents $52.55 stock price. Monro Muffler Brake had 24 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Sector Weight” rating given on Wednesday, August 19 by KeyBanc Capital Markets. The firm earned “Buy” rating on Thursday, July 20 by Oppenheimer. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 23 report. The stock of Monro Inc (NASDAQ:MNRO) earned “Neutral” rating by Northcoast on Thursday, October 27. As per Tuesday, October 20, the company rating was initiated by Sterne Agee CRT. The firm has “Buy” rating by Jefferies given on Monday, September 11. The firm earned “Buy” rating on Tuesday, June 20 by Oppenheimer. The firm earned “Outperform” rating on Tuesday, March 29 by Oppenheimer. As per Tuesday, June 20, the company rating was downgraded by Susquehanna. Goldman Sachs maintained Monro Inc (NASDAQ:MNRO) rating on Wednesday, April 6. Goldman Sachs has “Neutral” rating and $77 target.

The stock increased 1.55% or $0.8 during the last trading session, reaching $52.55. About 179,427 shares traded. Monro Inc (NASDAQ:MNRO) has declined 18.88% since October 13, 2016 and is downtrending. It has underperformed by 35.58% the S&P500.

Investors wait Monro Inc (NASDAQ:MNRO) to report on October, 19. its quarterly earnings Wall Street analysts expect $0.55 EPS, up $0.02 or 3.77 % from last year’s $0.53 same quarter earnings. This translates into $18.00M profit for MNRO giving the stock a 23.89 P/E. This is assuming the current $0.55 EPS is accurate. Monro Inc’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.55 EPS reproted in the previous quarter,

Monro, Inc., formerly Monro Muffler Brake, Inc., is engaged in the provision of automotive undercar repair and tire services in the United States. The company has market cap of $1.72 billion. 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. It has a 28.24 P/E ratio. It also offers tires and routine maintenance services, which include state inspections.

Another recent and important Monro Inc (NASDAQ:MNRO) news was published by Globenewswire.com which published an article titled: “Monro, Inc. Declares Quarterly Cash Dividend” on August 21, 2017.

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