Monro Muffler Brake Inc. (NASDAQ:MNRO) reached a new 52-week low on Friday . The stock 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.

Several equities research analysts have recently weighed in on MNRO shares. Jefferies Group decreased their price objective on Monro Muffler Brake from $86.00 to $72.00 and set a “buy” rating for the company in a report on Friday, May 20th. Zacks Investment Research cut Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Northcoast Research cut Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research note on Thursday, July 14th. Finally, Sterne Agee CRT restated a “buy” rating and set a $75.00 price target (down previously from $77.00) on shares of Monro Muffler Brake in a research note on Monday, May 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $77.29.

The firm has a market capitalization of $1.83 billion and a PE ratio of 29.21. The stock has a 50-day moving average of $62.38 and a 200-day moving average of $65.53.

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

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

In other Monro Muffler Brake news, Director Peter J. Solomon sold 19,000 shares of Monro Muffler Brake stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $61.42, for a total transaction of $1,166,980.00. Following the sale, the director now directly owns 415,826 shares in the company, valued at approximately $25,540,032.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald Glickman sold 6,666 shares of Monro Muffler Brake stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $62.40, for a total value of $415,958.40. Following the sale, the director now owns 166,355 shares in the company, valued at $10,380,552. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of MNRO. Bank of Montreal Can raised 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 during the last quarter. 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 during the last quarter. Principal Financial Group Inc. raised 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 during the last quarter. Finally, King Luther Capital Management Corp raised 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 during 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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