Monro Muffler Brake Inc. (NASDAQ:MNRO) shares dropped 3.2% during trading on Monday . The stock traded as low as $59.77 and last traded at $59.99, with a volume of 138,274 shares traded. The stock had previously closed at $61.95.

MNRO has been the subject of several recent analyst reports. Jefferies Group decreased 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 report on Friday, May 20th. Sterne Agee CRT reiterated a “buy” rating and issued a $75.00 target price (down from $77.00) on shares of Monro Muffler Brake in a report on Monday, May 23rd. Zacks Investment Research cut shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Finally, Northcoast Research cut shares of Monro Muffler Brake from a “neutral” rating to a “sell” rating in a report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $77.29.

The firm’s 50-day moving average is $64.14 and its 200 day moving average is $65.98. The firm has a market cap of $1.94 billion and a PE ratio of 30.95.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company had revenue of $236.90 million for the quarter, compared to analyst estimates of $235.12 million. Monro Muffler Brake’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts expect that Monro Muffler Brake Inc. will post $2.10 EPS for the current year.

In other news, Director Donald Glickman sold 3,334 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was 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 approximately $10,693,800.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth A. Wolszon sold 4,400 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $61.26, for a total value 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 institutional investors recently bought and sold shares of the company. First Trust Advisors LP raised 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. Rhumbline Advisers raised its position in shares of 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. California Public Employees Retirement System raised its position in shares of Monro Muffler Brake by 2.7% in the fourth quarter. California Public Employees Retirement System now owns 118,941 shares of the company’s stock valued at $7,876,000 after buying an additional 3,100 shares in the last quarter. Comerica Bank raised 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. Finally, New York State Common Retirement Fund raised its position in shares of Monro Muffler Brake by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 57,344 shares of the company’s stock valued at $3,797,000 after buying an additional 273 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.