Monro Muffler Brake Inc. (NASDAQ:MNRO) shares reached a new 52-week low during trading on Friday . The company traded as low as $55.85 and last traded at $56.49, with a volume of 119,712 shares trading hands. The stock had previously closed at $56.67.

A number of research analysts recently commented on MNRO shares. Jefferies Group dropped their price target on Monro Muffler Brake from $86.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, May 20th. Sterne Agee CRT reaffirmed a “buy” rating and issued a $75.00 price target (down previously from $77.00) on shares of Monro Muffler Brake in a research note on Monday, May 23rd. Zacks Investment Research downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Finally, Northcoast Research downgraded Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research note on Thursday, July 14th. One equities research 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. Monro Muffler Brake presently has an average rating of “Hold” and a consensus target price of $77.29.

The stock’s 50-day moving average is $62.57 and its 200-day moving average is $65.60. The stock has a market capitalization of $1.82 billion and a P/E ratio of 29.12.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. During the same quarter in the previous year, the company posted $0.58 EPS. The firm had revenue of $236.90 million for the quarter, compared to the consensus estimate of $235.12 million. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts expect that Monro Muffler Brake Inc. will post $2.10 EPS 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 paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.68 annualized dividend and a dividend yield of 1.20%.

In other news, Director Donald Glickman sold 3,334 shares of the stock in a transaction on 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 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 can be accessed through this hyperlink. Also, Director Peter J. Solomon sold 19,000 shares of the stock in a transaction on 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 transaction, the director now owns 415,826 shares of the company’s stock, valued at approximately $25,540,032.92. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently modified their holdings of the company. King Luther Capital Management Corp increased its position 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 valued at $25,706,000 after buying an additional 55,145 shares in the last quarter. State of Tennessee Treasury Department bought a new position in shares of Monro Muffler Brake during the fourth quarter valued at approximately $1,649,000. Principal Financial Group Inc. increased its position in shares of 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 in the last quarter. 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. Finally, New York State Common Retirement Fund increased 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.

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