Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) saw unusually-strong trading volume on Thursday . Approximately 365,469 shares traded 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.

A number of equities research analysts recently commented on MNRO shares. 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 report on Friday, May 20th. Sterne Agee CRT reiterated a “buy” rating and issued a $77.00 price objective on shares of Monro Muffler Brake in a research report on Wednesday, March 23rd. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $80.00 price objective on shares of Monro Muffler Brake in a research report on Tuesday, April 5th. Goldman Sachs Group Inc. increased their price objective on Monro Muffler Brake from $71.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, April 6th. Finally, Northcoast Research lowered Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research report on Thursday. Two investment 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. Monro Muffler Brake currently has a consensus rating of “Hold” and an average target price of $75.89.

The company has a market cap of $2.06 billion and a price-to-earnings ratio of 31.84. The stock has a 50-day moving average of $63.63 and a 200-day moving average of $66.20.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly 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. The company earned $229 million during the quarter, compared to analyst estimates of $238.59 million. During the same period in the prior year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Monro Muffler Brake Inc. will post $2.12 earnings per share for the current fiscal year.

In other Monro Muffler Brake news, Director Donald Glickman sold 3,334 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $63.02, for a total transaction of $210,108.68. Following the completion of the transaction, the director now directly owns 169,689 shares in the company, valued at $10,693,800.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth A. Wolszon sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $61.26, for a total transaction of $269,544.00. Following the transaction, the director now owns 25,741 shares of the company’s stock, valued at $1,576,893.66. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of 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 in the last quarter. GSA Capital Partners LLP increased its position in shares of 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 in the last quarter. Comerica Bank increased its position in shares of 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. EAM Investors LLC purchased a new position in shares of Monro Muffler Brake during the fourth quarter valued at approximately $2,629,000. Finally, First Trust Advisors LP increased its position in shares of 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 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.

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