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

A number of brokerages recently weighed in on MNRO. Jefferies Group reiterated a “buy” rating and issued a $72.00 price target on shares of Monro Muffler Brake in a research report on Friday, July 29th. Sterne Agee CRT reiterated a “buy” rating and issued a $75.00 price target (down from $77.00) on shares of Monro Muffler Brake in a research report on Monday, May 23rd. Northcoast Research downgraded shares of Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research upgraded shares of Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $77.29.

The company has a 50 day moving average of $63.36 and a 200 day moving average of $65.81. The company has a market cap of $1.83 billion and a PE ratio of 29.21.

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

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

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 sale, the director now directly owns 169,689 shares in the company, valued at $10,693,800.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 owns 415,826 shares in the company, valued at $25,540,032.92. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in 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 during the period. Bank of Montreal Can boosted 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 valued at $1,391,000 after buying an additional 3,019 shares during the period. Wells Fargo & Company MN boosted 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 valued at $33,388,000 after buying an additional 18,427 shares during the period. Principal Financial Group Inc. boosted 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 valued at $14,385,000 after buying an additional 11,852 shares during the period. Finally, State of Tennessee Treasury Department purchased a new stake in Monro Muffler Brake during the fourth quarter valued at $1,649,000.

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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