Monro (NASDAQ:MNRO) Is a Company that Jefferies Seems to Dislike as Downgrade in Given

October 13, 2017 - By Stephen Andrade

 Monro (NASDAQ:MNRO) Is a Company that Jefferies Seems to Dislike as Downgrade in Given

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.23, from 1.45 in 2017Q1. It fall, 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.

Voya Inv Mngmt Limited Liability Corp stated it has 50,073 shares or 0% of all its holdings. Envestnet Asset Mgmt reported 6,978 shares or 0% of all its holdings. Louisiana State Employees Retirement Systems holds 13,300 shares. Blackrock has invested 0.01% of its portfolio in Monro Inc (NASDAQ:MNRO). Df Dent & Com holds 21,874 shares or 0.02% of its portfolio. Jane Street Gru Ltd Liability Company invested in 0.01% or 87,750 shares. Orrstown Fincl Service accumulated 636 shares or 0.03% of the stock. Invesco Limited has invested 0% in Monro Inc (NASDAQ:MNRO). Pinebridge Invs Lp has invested 0.02% in Monro Inc (NASDAQ:MNRO). Goldman Sachs Grp invested in 0% or 126,723 shares. Diker Mgmt Ltd Liability Com reported 1.52% of its portfolio in Monro Inc (NASDAQ:MNRO). Ameriprise reported 0% stake. The Kansas-based Kornitzer Mgmt Ks has invested 0.12% in Monro Inc (NASDAQ:MNRO). Aristotle Capital Boston Lc holds 0.66% or 140,683 shares in its portfolio. Credit Suisse Ag reported 12,547 shares or 0% of all its holdings.

Monro (NASDAQ:MNRO) Receives a Downgrade

Jefferies lowered shares of Monro (NASDAQ:MNRO) stock from a Buy rating to a Hold rating in a note issued to clients and investors on Thursday morning.

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.23, from 1.45 in 2017Q1. It fall, 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.

Voya Inv Mngmt Limited Liability Corp stated it has 50,073 shares or 0% of all its holdings. Envestnet Asset Mgmt reported 6,978 shares or 0% of all its holdings. Louisiana State Employees Retirement Systems holds 13,300 shares. Blackrock has invested 0.01% of its portfolio in Monro Inc (NASDAQ:MNRO). Df Dent & Com holds 21,874 shares or 0.02% of its portfolio. Jane Street Gru Ltd Liability Company invested in 0.01% or 87,750 shares. Orrstown Fincl Service accumulated 636 shares or 0.03% of the stock. Invesco Limited has invested 0% in Monro Inc (NASDAQ:MNRO). Pinebridge Invs Lp has invested 0.02% in Monro Inc (NASDAQ:MNRO). Goldman Sachs Grp invested in 0% or 126,723 shares. Diker Mgmt Ltd Liability Com reported 1.52% of its portfolio in Monro Inc (NASDAQ:MNRO). Ameriprise reported 0% stake. The Kansas-based Kornitzer Mgmt Ks has invested 0.12% in Monro Inc (NASDAQ:MNRO). Aristotle Capital Boston Lc holds 0.66% or 140,683 shares in its portfolio. Credit Suisse Ag reported 12,547 shares or 0% of all its holdings.

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 rating was downgraded by Stephens on Thursday, June 29 to “Equal-Weight”. As per Wednesday, July 19, the company rating was maintained by Jefferies. The stock of Monro Inc (NASDAQ:MNRO) earned “Neutral” rating by Goldman Sachs on Wednesday, April 6. The firm has “Positive” rating given on Friday, August 26 by Susquehanna. The firm has “Buy” rating given on Tuesday, January 31 by Gabelli. The stock of Monro Inc (NASDAQ:MNRO) has “Buy” rating given on Wednesday, June 28 by Oppenheimer. Stifel Nicolaus maintained the shares of MNRO in report on Friday, October 23 with “Buy” rating. As per Monday, September 11, the company rating was maintained by Jefferies. CL King initiated the shares of MNRO in report on Monday, September 28 with “Neutral” rating. Jefferies initiated Monro Inc (NASDAQ:MNRO) on Tuesday, September 15 with “Buy” rating.

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.

Wall Street await Monro Inc (NASDAQ:MNRO) to release earnings on October, 19. Analysts forecast earnings per share of $0.55, up exactly $0.02 or 3.77 % from 2014’s $0.53 EPS. The expected MNRO’s profit could reach $18.00M giving the stock 23.89 P/E in the case that $0.55 earnings per share is reported. After posting $0.55 EPS for the previous quarter, Monro Inc’s analysts now forecast 0.00 % EPS growth.

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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