Monro Muffler Brake, Inc. (NASDAQ:MNRO) insider Robert G. Gross sold 64,619 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $47.28, for a total transaction of $3,055,186.32. Following the transaction, the insider now owns 64,619 shares in the company, valued at $3,055,186.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Monro Muffler Brake, Inc. (NASDAQ MNRO) opened at 47.40 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 25.24 and a beta of 0.71. Monro Muffler Brake, Inc. has a 1-year low of $39.65 and a 1-year high of $62.55. The stock’s 50 day moving average price is $44.12 and its 200-day moving average price is $51.42.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business had revenue of $278.50 million for the quarter, compared to the consensus estimate of $270.85 million. During the same quarter in the previous year, the company posted $0.50 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. On average, equities research analysts forecast that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in MNRO. BlackRock Inc. increased its stake in Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock worth $210,685,000 after buying an additional 4,041,179 shares during the last quarter. Vanguard Group Inc. increased its stake in Monro Muffler Brake by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock worth $157,528,000 after buying an additional 183,577 shares during the last quarter. Clearbridge Investments LLC increased its stake in Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock worth $83,445,000 after buying an additional 581,973 shares during the last quarter. Akre Capital Management LLC increased its stake in Monro Muffler Brake by 4.9% in the first quarter. Akre Capital Management LLC now owns 1,597,630 shares of the auto parts company’s stock worth $83,237,000 after buying an additional 75,000 shares during the last quarter. Finally, State Street Corp increased its stake in Monro Muffler Brake by 6.4% in the first quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock worth $44,059,000 after buying an additional 50,736 shares during the last quarter.

A number of brokerages have commented on MNRO. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Monro Muffler Brake in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $51.00 price target (down from $54.00) on shares of Monro Muffler Brake in a research report on Saturday, July 22nd. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $61.00 price target on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Finally, BidaskClub cut shares of Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $63.33.

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.

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

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