Monro Muffler Brake Inc. (NASDAQ:MNRO) saw unusually-strong trading volume on Thursday . Approximately 365,469 shares changed hands during trading, an increase of 38% from the previous session’s volume of 265,351 shares.The stock last traded at $64.82 and had previously closed at $68.21.

MNRO has been the topic of a number of recent research reports. Northcoast Research cut Monro Muffler Brake from a “neutral” rating to a “sell” rating in a report on Thursday. Oppenheimer Holdings Inc. initiated coverage on Monro Muffler Brake in a report on Monday, March 28th. They set an “outperform” rating and a $80.00 price objective on the stock. Goldman Sachs Group Inc. increased their price objective on Monro Muffler Brake from $71.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, April 6th. Jefferies Group dropped their price objective on Monro Muffler Brake from $86.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, May 20th. Finally, Sterne Agee CRT reissued a “buy” rating and set a $75.00 price objective (down previously from $77.00) on shares of Monro Muffler Brake in a report on Monday, May 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.89.

The firm has a market cap of $2.07 billion and a price-to-earnings ratio of 32.04. The firm has a 50-day moving average price of $63.57 and a 200 day moving average price of $66.23.

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

In related news, Director Donald Glickman sold 3,334 shares of Monro Muffler Brake 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 completion of the sale, the director now owns 169,689 shares of the company’s stock, valued at $10,693,800.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth A. Wolszon sold 4,400 shares of Monro Muffler Brake stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $61.26, for a total value of $269,544.00. Following the completion of the sale, the director now directly owns 25,741 shares of the company’s stock, valued at approximately $1,576,893.66. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of MNRO. OppenheimerFunds Inc. purchased a new stake in shares of Monro Muffler Brake during the fourth quarter valued at approximately $15,399,000. EAM Investors LLC bought a new position in Monro Muffler Brake during the fourth quarter valued at $2,629,000. 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 period. Russell Frank Co increased its position in Monro Muffler Brake by 11.7% in the fourth quarter. Russell Frank Co now owns 181,572 shares of the company’s stock valued at $12,295,000 after buying an additional 19,061 shares during the period. Finally, Wells Fargo & Company MN increased its position 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 during the period.

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.