Monro Muffler Brake Inc (NASDAQ:MNRO) shares hit a new 52-week low during trading on Friday . The company traded as low as $56.15 and last traded at $56.62, with a volume of 103,848 shares changing hands. The stock had previously closed at $57.49.

A number of brokerages have recently commented on MNRO. Zacks Investment Research lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Jefferies Group reissued a “buy” rating and set a $72.00 price objective on shares of Monro Muffler Brake in a report on Friday, July 29th. 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. Finally, Northcoast Research lowered Monro Muffler Brake from a “neutral” rating to a “sell” rating in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Monro Muffler Brake presently has a consensus rating of “Hold” and an average target price of $77.29.

The company has a 50 day moving average price of $63.36 and a 200 day moving average price of $65.81. The stock has a market capitalization of $1.83 billion and a P/E ratio of 29.21.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm earned $236.90 million during the quarter, compared to the consensus estimate of $235.12 million. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Monro Muffler Brake Inc will post $2.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 22nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%.

In other news, Director Peter J. Solomon sold 19,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $61.42, for a total value of $1,166,980.00. Following the sale, the director now directly owns 415,826 shares in the company, valued at $25,540,032.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donald Glickman sold 3,334 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were 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 in the company, valued at $10,693,800.78. The disclosure for this sale can be found here.

Other hedge funds have recently modified their holdings of the company. King Luther Capital Management Corp raised its stake in shares of Monro Muffler Brake by 16.6% in the fourth quarter. King Luther Capital Management Corp now owns 388,190 shares of the company’s stock worth $25,706,000 after buying an additional 55,145 shares during the period. State of Tennessee Treasury Department bought a new stake in Monro Muffler Brake during the fourth quarter worth about $1,649,000. Principal Financial Group Inc. increased its stake 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 worth $14,385,000 after buying an additional 11,852 shares in the last quarter. 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 worth $33,388,000 after buying an additional 18,427 shares in the last quarter. Finally, Bank of Montreal Can increased its stake 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 worth $1,391,000 after buying an additional 3,019 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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