Monro Muffler Brake, Inc. (NASDAQ:MNRO) Director Robert E. Mellor purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average cost of $47.03 per share, with a total value of $23,515.00. Following the transaction, the director now directly owns 14,500 shares of the company’s stock, valued at $681,935. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Monro Muffler Brake, Inc. (NASDAQ:MNRO) traded up 1.16% during mid-day trading on Monday, hitting $47.95. 123,712 shares of the stock traded hands. The firm’s 50-day moving average price is $44.12 and its 200-day moving average price is $51.42. Monro Muffler Brake, Inc. has a 52 week low of $39.65 and a 52 week high of $62.55. The firm has a market cap of $1.60 billion, a P/E ratio of 25.53 and a beta of 0.71.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The company had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. During the same quarter in the prior year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. On average, equities analysts forecast that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current fiscal year.

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MNRO has been the subject of several recent research reports. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. CIBC reissued a “buy” rating on shares of Monro Muffler Brake in a research report on Monday, April 17th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $70.00 price target on shares of Monro Muffler Brake in a research report on Thursday, April 13th. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a research report on Monday, May 15th. Finally, UBS AG lowered shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.33.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock worth $210,685,000 after buying an additional 4,041,179 shares during the period. Vanguard Group Inc. increased its stake in shares of Monro Muffler Brake by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock worth $157,528,000 after buying an additional 183,577 shares during the period. Clearbridge Investments LLC increased its stake in shares of Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock worth $83,445,000 after buying an additional 581,973 shares during the period. Akre Capital Management LLC boosted its position in Monro Muffler Brake by 4.9% in the first quarter. Akre Capital Management LLC now owns 1,597,630 shares of the auto parts company’s stock worth $83,237,000 after buying an additional 75,000 shares in the last quarter. Finally, State Street Corp boosted its position in Monro Muffler Brake by 6.4% in the first quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock worth $44,059,000 after buying an additional 50,736 shares in the last quarter.

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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