Monro Muffler Brake Inc. (MNRO) Sees Unusually-High Trading Volume
Monro Muffler Brake Inc. (NASDAQ:MNRO) saw strong trading volume on Thursday . 462,930 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 253,119 shares.The stock last traded at $55.77 and had previously closed at $56.41.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Jefferies Group restated a “buy” rating and issued a $72.00 price objective on shares of Monro Muffler Brake in a report on Friday, July 29th. Sterne Agee CRT restated a “buy” rating and issued a $75.00 price objective (down previously from $77.00) on shares of Monro Muffler Brake in a report on Monday, May 23rd. Gabelli assumed coverage on shares of Monro Muffler Brake in a report on Thursday, August 25th. They issued a “hold” rating on the stock. Finally, Susquehanna assumed coverage on shares of Monro Muffler Brake in a report on Thursday, August 25th. They issued a “positive” rating and a $66.00 price objective on the stock. One equities 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 stock. The company currently has an average rating of “Hold” and a consensus price target of $75.88.
The company has a market cap of $1.82 billion and a P/E ratio of 29.12. The firm’s 50-day moving average price is $59.68 and its 200 day moving average price is $65.04.
Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $236.90 million for the quarter, compared to the consensus estimate of $235.12 million. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Monro Muffler Brake Inc. will post $2.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 22nd were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 18th. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%.
In related news, insider John C. Lamb sold 650 shares of Monro Muffler Brake stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $56.22, for a total transaction of $36,543.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at approximately $28,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher R. Hoornbeck sold 6,750 shares of Monro Muffler Brake 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 sale, the insider now owns 26,855 shares of the company’s stock, valued at approximately $1,522,678.50. 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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