Monro Muffler Brake Inc (NASDAQ:MNRO) CEO Heel John W. Van sold 129,089 shares of the business’s stock in a transaction that occurred 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 $9,467,169.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Monro Muffler Brake Inc (MNRO) traded up 1.50% on Friday, reaching $47.40. The company had a trading volume of 152,957 shares. Monro Muffler Brake Inc has a 12 month low of $39.65 and a 12 month high of $62.55. The firm has a market capitalization of $1.58 billion, a PE ratio of 25.24 and a beta of 0.71. The company’s 50-day moving average is $44.12 and its 200 day moving average is $51.42.
Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 11.94% and a net margin of 6.31%. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $270.85 million. During the same quarter last year, the company earned $0.50 EPS. Monro Muffler Brake’s revenue was up 18.4% on a year-over-year basis. Equities 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 large investors have recently added to or reduced their stakes in MNRO. Forward Management LLC boosted its stake in 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 worth $111,000 after buying an additional 231 shares in the last quarter. Victory Capital Management Inc. boosted its stake in 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 worth $133,000 after buying an additional 623 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Monro Muffler Brake during the first quarter worth $141,000. State of Alaska Department of Revenue boosted its stake in 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 worth $188,000 after buying an additional 120 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in 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 worth $213,000 after buying an additional 3,810 shares in the last quarter.
MNRO has been the subject of a number of research analyst reports. CIBC reiterated a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. BidaskClub upgraded Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Stephens downgraded Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective on shares of Monro Muffler Brake in a research note on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $51.00 price objective (down from $54.00) on shares of Monro Muffler Brake in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.33.
Monro Muffler Brake Company Profile
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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