Monro Muffler Brake Inc. (NASDAQ:MNRO) fell 2.4% during trading on Tuesday . The company 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.

A number of research firms have commented on MNRO. Northcoast Research downgraded Monro Muffler Brake from a “neutral” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. 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 report on Monday, May 23rd. Jefferies Group reduced their target price on Monro Muffler Brake from $86.00 to $72.00 and set a “buy” rating for the company in a report on Friday, May 20th. Finally, Goldman Sachs Group Inc. raised their target price on Monro Muffler Brake from $71.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, April 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $75.89.

The company has a market capitalization of $2.13 billion and a PE ratio of 32.93. The company has a 50 day moving average price of $63.52 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 Zacks’ consensus estimate of $0.45 by $0.03. During the same period in the prior year, the firm posted $0.38 EPS. The company earned $229 million during the quarter, compared to analysts’ expectations of $238.59 million. Monro Muffler Brake’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Monro Muffler Brake Inc. will post $2.12 earnings per share for the current year.

In related news, Director Robert E. Mellor sold 10,000 shares of the company’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $62.13, for a total transaction of $621,300.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $869,820. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Donald Glickman sold 3,334 shares of the company’s 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 transaction, the director now owns 169,689 shares of the company’s stock, valued at $10,693,800.78. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Monro Muffler Brake by 5.8% in the fourth quarter. Principal Financial Group Inc. now owns 217,232 shares of the company’s stock valued at $14,385,000 after buying an additional 11,852 shares during the last quarter. Wells Fargo & Company MN boosted 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 last quarter. Bank of Montreal Can boosted 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 boosted 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. Finally, EAM Investors LLC acquired a new position in Monro Muffler Brake during the fourth quarter valued at about $2,629,000.

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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