Insider Buying: Monro Muffler Brake, Inc. (MNRO) Director Buys 500 Shares of Stock
Monro Muffler Brake, Inc. (NASDAQ:MNRO) Director Robert E. Mellor bought 500 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were purchased at an average price of $49.50 per share, with a total value of $24,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Monro Muffler Brake, Inc. (NASDAQ MNRO) traded down 1.10% during trading on Tuesday, reaching $49.35. The company’s stock had a trading volume of 330,147 shares. The stock’s 50-day moving average is $52.61 and its 200 day moving average is $48.93. Monro Muffler Brake, Inc. has a 52-week low of $39.65 and a 52-week high of $61.75. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 26.28 and a beta of 0.73.
Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings data on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The business had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period last year, the business earned $0.53 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Monro Muffler Brake, Inc. will post $2.00 EPS for the current fiscal year.
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A number of analysts have recently issued reports on MNRO shares. Oppenheimer Holdings, Inc. set a $70.00 target price on Monro Muffler Brake and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. TheStreet upgraded Monro Muffler Brake from a “c+” rating to a “b-” rating in a report on Monday, October 2nd. Jefferies Group LLC cut Monro Muffler Brake from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Monro Muffler Brake in a report on Tuesday, October 24th. Two research 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $63.33.
Several hedge funds have recently modified their holdings of MNRO. BlackRock Inc. raised its stake in shares of Monro Muffler Brake by 151,355.0% in the 1st quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock valued at $210,685,000 after acquiring an additional 4,041,179 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in Monro Muffler Brake by 85.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,588,911 shares of the auto parts company’s stock valued at $108,087,000 after buying an additional 1,193,473 shares during the last quarter. Arlington Value Capital LLC acquired a new stake in Monro Muffler Brake in the 2nd quarter valued at approximately $42,255,000. FMR LLC acquired a new stake in Monro Muffler Brake in the 2nd quarter valued at approximately $16,355,000. Finally, BTIM Corp. acquired a new stake in Monro Muffler Brake in the 2nd quarter valued at approximately $12,687,000.
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.
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