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

MNRO has been the subject of a number of recent analyst reports. Northcoast Research cut Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research report on Thursday, July 14th. Gabelli initiated coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They issued a “hold” rating for the company. Jefferies Group cut their price objective on Monro Muffler Brake from $86.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, May 20th. Sterne Agee CRT restated a “buy” rating and issued a $75.00 price objective (down from $77.00) on shares of Monro Muffler Brake in a research report on Monday, May 23rd. Finally, Zacks Investment Research cut Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Monro Muffler Brake currently has a consensus rating of “Hold” and a consensus price target of $75.88.

The firm has a 50-day moving average price of $60.01 and a 200-day moving average price of $65.17. The company has a market cap of $1.80 billion and a P/E ratio of 28.76.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. During the same period in the previous year, the business earned $0.58 earnings per share. The firm earned $236.90 million during the quarter, compared to analysts’ expectations of $235.12 million. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts forecast that Monro Muffler Brake Inc. will post $2.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 22nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, August 18th.

In other Monro Muffler Brake news, insider Christopher R. Hoornbeck sold 6,750 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $56.70, for a total transaction of $382,725.00. Following the completion of the transaction, the insider now owns 26,855 shares of the company’s stock, valued at $1,522,678.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter J. Solomon sold 19,000 shares of the firm’s 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 directly 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.

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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