Neuberger Berman Group LLC cut its stake in shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 980,612 shares of the company’s stock after selling 26,499 shares during the period. Neuberger Berman Group LLC’s holdings in Monro Muffler Brake were worth $59,984,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MNRO. Tower Research Capital LLC TRC raised its position in shares of Monro Muffler Brake by 1,026.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $143,000 after buying an additional 2,052 shares during the period. Sei Investments Co. raised its position in shares of Monro Muffler Brake by 518.5% in the second quarter. Sei Investments Co. now owns 2,468 shares of the company’s stock valued at $158,000 after buying an additional 2,069 shares during the period. Fifth Third Bancorp purchased a new position in shares of Monro Muffler Brake during the second quarter valued at $165,000. BlackRock Inc. raised its position in shares of Monro Muffler Brake by 18.4% in the second quarter. BlackRock Inc. now owns 2,800 shares of the company’s stock valued at $179,000 after buying an additional 435 shares during the period. Finally, Barclays PLC raised its position in shares of Monro Muffler Brake by 179.8% in the second quarter. Barclays PLC now owns 3,078 shares of the company’s stock valued at $196,000 after buying an additional 1,978 shares during the period.

Institutional Ownership by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 59.80 on Thursday. The firm’s 50 day moving average price is $57.16 and its 200 day moving average price is $60.36. The stock has a market cap of $1.93 billion, a P/E ratio of 31.52 and a beta of 0.83. Monro Muffler Brake Inc. has a 52-week low of $52.05 and a 52-week 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 for the quarter, missing analysts’ consensus estimates of $0.56 by $0.03. Monro Muffler Brake had a return on equity of 11.98% and a net margin of 6.65%. The firm earned $248.60 million during the quarter, compared to analysts’ expectations of $249.32 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Monro Muffler Brake’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Monro Muffler Brake Inc. will post $2.08 EPS for the current year.

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Several equities analysts have weighed in on MNRO shares. Zacks Investment Research lowered Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. Gabelli started coverage on Monro Muffler Brake in a report on Thursday, August 25th. They set a “hold” rating for the company. Northcoast Research raised Monro Muffler Brake from a “sell” rating to a “neutral” rating in a report on Thursday, October 27th. Finally, Susquehanna began coverage on Monro Muffler Brake in a report on Thursday, August 25th. They set a “positive” rating and a $66.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $73.67.

In related news, insider John C. Lamb sold 925 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $58.17, for a total value of $53,807.25. Following the completion of the transaction, the insider now directly owns 500 shares in the company, valued at approximately $29,085. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amico Catherine D sold 9,050 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $58.03, for a total transaction of $525,171.50. Following the completion of the transaction, the chief executive officer now owns 189,523 shares of the company’s stock, valued at $10,998,019.69. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by corporate insiders.

Monro Muffler Brake Company Profile

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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