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Equities research analysts at SunTrust initiated coverage on shares of Monro Muffler Brake (NASDAQ:MNRO) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “reduce” rating on the stock.

Shares of Monro Muffler Brake (NASDAQ:MNRO) traded down 0.36% during mid-day trading on Wednesday, hitting $52.82. The stock had a trading volume of 127,012 shares. Monro Muffler Brake has a 52 week low of $41.35 and a 52 week high of $62.11. The stock has a 50-day moving average of $51. and a 200-day moving average of $54.8. The company has a market cap of $1.667 billion and a price-to-earnings ratio of 30.03.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.52 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $217.51 million for the quarter, compared to the consensus estimate of $221.98 million. During the same quarter last year, the company posted $0.42 earnings per share. Monro Muffler Brake’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Monro Muffler Brake will post $2.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Monday, August 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, August 14th.

Monro Muffler Brake, Inc (NASDAQ:MNRO) is a chain of 803 Company-operated stores (as of March 31, 2012), three franchised locations and 14 dealer-operated stores providing automotive undercar repair and tire services in the United States.

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