Monro Muffler Brake, Inc. (NASDAQ:MNRO) CEO Robert G. Gross sold 1,473 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $46.76, for a total value of $68,877.48. Following the sale, the chief executive officer now directly owns 132,807 shares in the company, valued at approximately $6,210,055.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) traded up 1.50% during mid-day trading on Friday, reaching $47.40. The company’s stock had a trading volume of 152,957 shares. The company’s 50-day moving average is $44.12 and its 200 day moving average is $51.42. The firm 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 12 month low of $39.65 and a 12 month high of $62.55.
Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $278.50 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. On average, equities analysts anticipate that Monro Muffler Brake, Inc. will post $2.13 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Monro Muffler Brake by 51.7% in the second quarter. BNP Paribas Arbitrage SA now owns 10,060 shares of the auto parts company’s stock valued at $420,000 after buying an additional 3,428 shares during the period. Legal & General Group Plc boosted its position in shares of Monro Muffler Brake by 8.9% in the second quarter. Legal & General Group Plc now owns 63,083 shares of the auto parts company’s stock valued at $2,631,000 after buying an additional 5,158 shares in the last quarter. Wrapmanager Inc. boosted its position in shares of Monro Muffler Brake by 42.7% in the second quarter. Wrapmanager Inc. now owns 10,017 shares of the auto parts company’s stock valued at $418,000 after buying an additional 2,999 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Monro Muffler Brake during the second quarter valued at about $670,000. Finally, Arizona State Retirement System boosted its position in shares of Monro Muffler Brake by 0.6% in the second quarter. Arizona State Retirement System now owns 17,091 shares of the auto parts company’s stock valued at $714,000 after buying an additional 100 shares in the last quarter.
Several research firms have weighed in on MNRO. Oppenheimer Holdings, Inc. set a $70.00 target price on Monro Muffler Brake and gave the stock a “buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a research note on Monday, May 15th. CIBC reiterated a “buy” rating on shares of Monro Muffler Brake in a research note on Monday, April 17th. TheStreet cut Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. Finally, Stephens cut Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. 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 company’s stock. The company currently 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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