Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) reached a new 52-week low on Wednesday . The company traded as low as $55.68 and last traded at $55.88, with a volume of 125,247 shares. The stock had previously closed at $56.60.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Jefferies Group reissued a “buy” rating and issued a $72.00 price target on shares of Monro Muffler Brake in a research note on Friday, July 29th. Gabelli assumed coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “hold” rating for the company. Susquehanna assumed coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “positive” rating and a $66.00 price target for the company. Finally, Sterne Agee CRT reissued a “buy” rating and issued a $75.00 price target (down from $77.00) on shares of Monro Muffler Brake in a research note on Monday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $75.88.

The firm’s 50-day moving average price is $60.60 and its 200 day moving average price is $65.23. The firm has a market capitalization of $1.82 billion and a price-to-earnings ratio of 29.03.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business 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 quarterly revenue was up .2% on a year-over-year basis. On average, analysts expect that Monro Muffler Brake Inc. will post $2.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors 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 dividend on an annualized basis and a dividend yield of 1.20%.

In other Monro Muffler Brake news, insider John C. Lamb sold 650 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $56.22, for a total value of $36,543.00. Following the completion of the sale, the insider now directly owns 500 shares of the company’s stock, valued at approximately $28,110. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher R. Hoornbeck sold 6,750 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $56.70, for a total transaction of $382,725.00. Following the completion of the sale, the insider now directly owns 26,855 shares of the company’s stock, valued at $1,522,678.50. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Monro Muffler Brake stock. Principal Financial Group Inc. increased its stake in shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,232 shares of the company’s stock after buying an additional 11,852 shares during the period. Principal Financial Group Inc. owned about 0.67% of Monro Muffler Brake worth $14,385,000 at the end of the most recent 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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