Monro Muffler Brake, Inc. (NASDAQ:MNRO) has been given a $70.00 price objective by equities researchers at Oppenheimer Holdings, Inc. in a report released on Tuesday. The firm currently has a “buy” rating on the auto parts company’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 39.58% from the company’s current price.

Several other equities research analysts have also recently issued reports on MNRO. Zacks Investment Research raised shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Stephens cut shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. TheStreet raised shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Monro Muffler Brake in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Monro Muffler Brake presently has an average rating of “Hold” and an average price target of $63.33.

Monro Muffler Brake (NASDAQ:MNRO) remained flat at $50.15 during trading on Tuesday. The stock had a trading volume of 1,273,110 shares. The firm has a 50 day moving average price of $52.64 and a 200 day moving average price of $49.00. Monro Muffler Brake has a one year low of $39.65 and a one year high of $61.75. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 26.70 and a beta of 0.73.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Wednesday, October 18th. The auto parts company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The business had revenue of $278.02 million for the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter last year, the business posted $0.53 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Equities analysts predict that Monro Muffler Brake will post $2.13 earnings per share for the current fiscal year.

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In related news, insider Robert G. Gross sold 64,619 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $47.28, for a total value of $3,055,186.32. Following the sale, the insider now directly owns 64,619 shares of the company’s stock, valued at $3,055,186.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Brett Ponton bought 5,193 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $47.93 per share, for a total transaction of $248,900.49. The disclosure for this purchase can be found here. Insiders have sold a total of 195,708 shares of company stock worth $9,187,428 over the last ninety days. 6.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Forward Management LLC boosted its position in shares of Monro Muffler Brake by 9.5% in the second quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 231 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Monro Muffler Brake by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after acquiring an additional 452 shares during the last quarter. Capital Analysts LLC boosted its position in shares of Monro Muffler Brake by 18.5% in the second quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after acquiring an additional 665 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Monro Muffler Brake by 0.9% in the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after acquiring an additional 45 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Monro Muffler Brake in the first quarter worth approximately $221,000.

About Monro Muffler Brake

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 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.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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