Falcon Point Capital LLC reduced its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 211,925 shares of the auto parts company’s stock after selling 9,113 shares during the period. Falcon Point Capital LLC’s holdings in Monro Muffler Brake were worth $8,848,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MNRO. Forward Management LLC boosted its position in shares of Monro Muffler Brake by 9.5% in the second quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock valued at $111,000 after buying an additional 231 shares during the period. Victory Capital Management Inc. boosted its position in shares of Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Monro Muffler Brake during the first quarter valued at $141,000. State of Alaska Department of Revenue boosted its position in shares of Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Monro Muffler Brake by 1,336.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 4,095 shares of the auto parts company’s stock valued at $213,000 after buying an additional 3,810 shares during the period.

Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) opened at 46.50 on Friday. Monro Muffler Brake, Inc. has a 1-year low of $39.65 and a 1-year high of $62.07. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 24.76 and a beta of 0.71. The company’s 50-day moving average price is $44.36 and its 200 day moving average price is $50.91.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $270.85 million. During the same quarter in the prior year, the business 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, analysts predict that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/13/falcon-point-capital-llc-sells-9113-shares-of-monro-muffler-brake-inc-mnro.html.

Several brokerages have recently weighed in 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 issued 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 issued 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 issued a $61.00 price target on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Finally, BidaskClub cut Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Monro Muffler Brake presently has an average rating of “Hold” and a consensus price target of $63.33.

In other Monro Muffler Brake news, VP Craig L. Hoyle sold 2,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $48.02, for a total value of $96,040.00. Following the completion of the sale, the vice president now owns 58,000 shares in the company, valued at approximately $2,785,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Brett Ponton purchased 5,193 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $47.93 per share, with a total value of $248,900.49. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. Corporate insiders own 6.20% of the company’s stock.

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.

Want to see what other hedge funds are holding MNRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monro Muffler Brake, Inc. (NASDAQ:MNRO).

Institutional Ownership by Quarter 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.