PNC Financial Services Group Inc. Sells 48 Shares of Monro Muffler Brake, Inc. (MNRO)

PNC Financial Services Group Inc. cut its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 2.0% during the first quarter, Holdings Channel reports. The fund owned 2,327 shares of the auto parts company’s stock after selling 48 shares during the period. PNC Financial Services Group Inc.’s holdings in Monro Muffler Brake were worth $120,000 as of its most recent filing with the SEC.

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Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Monro Muffler Brake during the fourth quarter worth approximately $11,722,000. Teachers Advisors LLC increased its stake in 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 worth $2,942,000 after buying an additional 912 shares during the last quarter. Macquarie Group Ltd. increased its stake in 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 worth $1,543,000 after buying an additional 2,452 shares during the last quarter. Peregrine Capital Management LLC increased its stake in 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 worth $16,812,000 after buying an additional 21,693 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in 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 worth $693,000 after buying an additional 300 shares during the last quarter.

Shares of Monro Muffler Brake, Inc. (NASDAQ MNRO) opened at 46.40 on Wednesday. The stock has a market cap of $1.54 billion, a PE ratio of 24.71 and a beta of 0.69. Monro Muffler Brake, Inc. has a 1-year low of $39.65 and a 1-year high of $66.48. The stock has a 50 day moving average of $44.56 and a 200 day moving average of $51.93.

Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $278.50 million during the quarter, compared to analyst estimates of $270.85 million. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The company’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities research analysts forecast that Monro Muffler Brake, Inc. will post $2.15 EPS for the current year.

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A number of analysts have commented on MNRO shares. Jefferies Group LLC reiterated a “buy” rating and issued a $67.00 price objective on shares of Monro Muffler Brake in a report on Tuesday, March 28th. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $70.00 price objective on shares of Monro Muffler Brake in a report on Thursday, April 13th. CIBC reiterated a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. Finally, TheStreet cut shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. One investment 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’s stock. The company has an average rating of “Hold” and an average price target 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.

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