Monro Muffler Brake, Inc. (NASDAQ:MNRO) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $60.25.

MNRO has been the subject of several recent research reports. Oppenheimer Holdings, Inc. set a $70.00 target price on shares of Monro Muffler Brake and gave the company a “buy” rating in a report on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a report on Monday, May 15th. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. TheStreet lowered shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Finally, Stephens lowered shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th.

ILLEGAL ACTIVITY WARNING: “Brokerages Set Monro Muffler Brake, Inc. (NASDAQ:MNRO) PT at $60.25” was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/08/brokerages-set-monro-muffler-brake-inc-nasdaqmnro-pt-at-60-25.html.

In related news, CEO Heel John W. Van sold 129,089 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $46.76, for a total value of $6,036,201.64. Following the completion of the sale, the chief executive officer now owns 202,463 shares of the company’s stock, valued at approximately $9,467,169.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen C. Mccluski purchased 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average cost of $46.45 per share, with a total value of $55,740.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 242,064 shares of company stock valued at $11,342,669. 6.20% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Monro Muffler Brake during the fourth quarter valued at approximately $11,722,000. Teachers Advisors LLC raised its stake in shares of Monro Muffler Brake by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 51,425 shares of the auto parts company’s stock valued at $2,942,000 after buying an additional 912 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Monro Muffler Brake by 10.0% in the fourth quarter. Macquarie Group Ltd. now owns 26,972 shares of the auto parts company’s stock valued at $1,543,000 after buying an additional 2,452 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of Monro Muffler Brake by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 317,499 shares of the auto parts company’s stock valued at $16,812,000 after buying an additional 21,693 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Monro Muffler Brake by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the auto parts company’s stock valued at $693,000 after buying an additional 300 shares during the last quarter.

Shares of Monro Muffler Brake (NASDAQ:MNRO) traded down 0.52% during mid-day trading on Friday, reaching $47.50. 106,729 shares of the company’s stock were exchanged. Monro Muffler Brake has a one year low of $39.65 and a one year high of $62.55. The company has a market capitalization of $1.58 billion, a PE ratio of 25.29 and a beta of 0.71. The company’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 posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The company had revenue of $278.50 million during the quarter, compared to analyst estimates of $270.85 million. During the same period last year, the firm posted $0.50 EPS. Monro Muffler Brake’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Monro Muffler Brake will post $2.13 earnings per share for the current year.

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.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.