Monro Muffler Brake Inc. (NASDAQ:MNRO) gapped up prior to trading on Thursday . The stock had previously closed at $65.24, but opened at $65.32. Monro Muffler Brake shares last traded at $66.15, with a volume of 170,241 shares trading hands.

MNRO has been the subject of a number of recent research reports. Sterne Agee CRT reissued a “buy” rating and issued a $75.00 target price (down previously from $77.00) on shares of Monro Muffler Brake in a research report on Monday, May 23rd. Jefferies Group reduced their target price on shares of Monro Muffler Brake from $86.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, May 20th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $80.00 target price on shares of Monro Muffler Brake in a research report on Tuesday, April 5th. Zacks Investment Research raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Finally, Goldman Sachs Group Inc. boosted their price target on Monro Muffler Brake from $71.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, April 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.89.

The company has a 50-day moving average of $62.87 and a 200 day moving average of $66.14. The firm has a market capitalization of $2.22 billion and a PE ratio of 34.39.

Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, May 19th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.03. During the same period in the previous year, the company posted $0.38 earnings per share. The firm earned $229 million during the quarter, compared to analysts’ expectations of $238.59 million. Monro Muffler Brake’s revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Monro Muffler Brake Inc. will post $2.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Friday, June 3rd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.99%. This is a positive change from Monro Muffler Brake’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, June 1st.

In other news, Director Elizabeth A. Wolszon sold 4,400 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $61.26, for a total transaction of $269,544.00. Following the completion of the transaction, the director now owns 25,741 shares in the company, valued at approximately $1,576,893.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald Glickman sold 6,666 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $62.40, for a total value of $415,958.40. Following the transaction, the director now owns 166,355 shares of the company’s stock, valued at approximately $10,380,552. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of MNRO. Bank of Montreal Can increased its position in Monro Muffler Brake by 16.8% in the fourth quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock valued at $1,391,000 after buying an additional 3,019 shares during the last quarter. GSA Capital Partners LLP increased its position in Monro Muffler Brake by 145.8% in the fourth quarter. GSA Capital Partners LLP now owns 23,600 shares of the company’s stock valued at $1,563,000 after buying an additional 14,000 shares during the last quarter. Comerica Bank increased its position in Monro Muffler Brake by 0.3% in the fourth quarter. Comerica Bank now owns 32,744 shares of the company’s stock valued at $2,054,000 after buying an additional 90 shares during the last quarter. EAM Investors LLC purchased a new position in Monro Muffler Brake during the fourth quarter valued at $2,629,000. Finally, First Trust Advisors LP increased its position in Monro Muffler Brake by 100.0% in the fourth quarter. First Trust Advisors LP now owns 42,002 shares of the company’s stock valued at $2,781,000 after buying an additional 20,996 shares during the last quarter.

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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