Monro Muffler Brake Inc. (NASDAQ:MNRO) Director Peter J. Solomon sold 5,000 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $59.05, for a total transaction of $295,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Peter J. Solomon also recently made the following trade(s):

  • On Tuesday, November 22nd, Peter J. Solomon sold 35,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $57.68, for a total transaction of $2,018,800.00.
  • On Thursday, November 17th, Peter J. Solomon sold 50,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $58.76, for a total transaction of $2,938,000.00.
  • On Monday, November 14th, Peter J. Solomon sold 55,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $57.20, for a total transaction of $3,146,000.00.
  • On Monday, October 31st, Peter J. Solomon sold 10,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $55.21, for a total transaction of $552,100.00.

Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 58.60 on Tuesday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 30.89 and a beta of 0.83. The firm’s 50 day moving average is $57.16 and its 200 day moving average is $60.36. Monro Muffler Brake Inc. has a 1-year low of $52.05 and a 1-year high of $77.00.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.03. The company had revenue of $248.60 million for the quarter, compared to the consensus estimate of $249.32 million. Monro Muffler Brake had a net margin of 6.65% and a return on equity of 11.98%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. On average, equities research analysts anticipate that Monro Muffler Brake Inc. will post $2.08 earnings per share for the current year.

Insider Buying and Selling by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

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A number of equities research analysts recently weighed in on MNRO shares. Gabelli started coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “hold” rating on the stock. Susquehanna started coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “positive” rating and a $66.00 target price 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 Thursday, September 29th. Finally, Northcoast Research raised shares of Monro Muffler Brake from a “sell” rating to a “neutral” rating in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $73.67.

Several hedge funds and other institutional investors have recently made changes to their positions in MNRO. Columbia Wanger Asset Management LLC bought a new position in shares of Monro Muffler Brake during the second quarter worth about $36,178,000. TimesSquare Capital Management LLC increased its position in shares of Monro Muffler Brake by 27.4% in the third quarter. TimesSquare Capital Management LLC now owns 1,651,384 shares of the company’s stock worth $101,015,000 after buying an additional 355,570 shares during the period. Royal Bank of Canada increased its position in shares of Monro Muffler Brake by 66.5% in the second quarter. Royal Bank of Canada now owns 699,256 shares of the company’s stock worth $44,446,000 after buying an additional 279,208 shares during the period. Peregrine Capital Management LLC bought a new position in shares of Monro Muffler Brake during the third quarter worth about $16,173,000. Finally, Emerald Acquisition Ltd. bought a new position in shares of Monro Muffler Brake during the second quarter worth about $12,466,000.

About Monro Muffler Brake

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.

5 Day Chart for NASDAQ:MNRO

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