Monro Muffler Brake Inc. (NASDAQ:MNRO)’s share price dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $68.48 and last traded at $68.59, with a volume of 173,509 shares changing hands. The stock had previously closed at $70.31.

MNRO has been the topic of several recent analyst reports. Jefferies Group decreased their price target on Monro Muffler Brake from $86.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, May 20th. Sterne Agee CRT reiterated a “buy” rating and issued a $77.00 price target on shares of Monro Muffler Brake in a research note on Wednesday, March 23rd. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $80.00 price target on shares of Monro Muffler Brake in a research note on Tuesday, April 5th. Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Finally, Goldman Sachs Group Inc. lifted 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $75.89.

The stock has a market cap of $2.24 billion and a P/E ratio of 34.63. The firm’s 50 day moving average is $63.09 and its 200-day moving average is $66.20.

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

The business also recently announced a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Friday, June 3rd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 0.97%. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.15.

In other Monro Muffler Brake news, Director Peter J. Solomon sold 19,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $61.42, for a total transaction of $1,166,980.00. Following the sale, the director now owns 415,826 shares in the company, valued at $25,540,032.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donald Glickman sold 3,334 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $63.02, for a total value of $210,108.68. Following the sale, the director now owns 169,689 shares in the company, valued at approximately $10,693,800.78. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of MNRO. Wells Fargo & Company MN increased its stake in Monro Muffler Brake by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 504,195 shares of the company’s stock valued at $33,388,000 after buying an additional 18,427 shares in the last quarter. Comerica Bank increased its stake 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 in the last quarter. California State Teachers Retirement System increased its stake in Monro Muffler Brake by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 59,032 shares of the company’s stock valued at $3,909,000 after buying an additional 1,000 shares in the last quarter. EAM Investors LLC bought a new stake in Monro Muffler Brake during the fourth quarter valued at about $2,629,000. Finally, Rhumbline Advisers increased its stake in Monro Muffler Brake by 7.4% in the fourth quarter. Rhumbline Advisers now owns 52,101 shares of the company’s stock valued at $3,450,000 after buying an additional 3,610 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.