Monro Muffler Brake, Inc. (NASDAQ:MNRO) CEO Robert G. Gross sold 1,473 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $46.76, for a total transaction of $68,877.48. Following the transaction, the chief executive officer now owns 132,807 shares of the company’s stock, valued at $6,210,055.32. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Monro Muffler Brake, Inc. (MNRO) traded up 1.94% on Wednesday, reaching $47.30. 858,401 shares of the company traded hands. The stock’s 50 day moving average price is $44.56 and its 200-day moving average price is $51.93. The stock has a market capitalization of $1.57 billion, a P/E ratio of 25.19 and a beta of 0.69. Monro Muffler Brake, Inc. has a one year low of $39.65 and a one year high of $66.48.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $270.85 million. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities analysts forecast that Monro Muffler Brake, Inc. will post $2.15 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a report on Tuesday. CIBC reissued a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $70.00 target price on shares of Monro Muffler Brake in a report on Thursday, April 13th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a report on Monday, May 15th. Finally, UBS AG lowered shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $63.33.

A number of hedge funds have recently added to or reduced their stakes in MNRO. Forward Management LLC boosted its stake in Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock valued at $127,000 after buying an additional 154 shares during the period. Victory Capital Management Inc. boosted its stake in Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Monro Muffler Brake during the first quarter valued at $141,000. State of Alaska Department of Revenue boosted its stake in Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in Monro Muffler Brake by 1,336.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 4,095 shares of the auto parts company’s stock valued at $213,000 after buying an additional 3,810 shares during the period.

Monro Muffler Brake Company Profile

Monro Muffler Brake, Inc is engaged in the provision of automotive undercar repair and tire services in the United States. The Company 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.

Insider Buying and Selling by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

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