Kornitzer Capital Management Inc. KS raised its position in shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) by 16.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,985 shares of the company’s stock after buying an additional 27,920 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.59% of Monro Muffler Brake worth $12,520,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MNRO. Geode Capital Management LLC increased its stake in shares of Monro Muffler Brake by 4.4% in the first quarter. Geode Capital Management LLC now owns 223,407 shares of the company’s stock worth $15,966,000 after buying an additional 9,361 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Monro Muffler Brake by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 781,941 shares of the company’s stock worth $55,885,000 after buying an additional 2,534 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Monro Muffler Brake by 11.6% in the first quarter. Prudential Financial Inc. now owns 83,314 shares of the company’s stock worth $5,955,000 after buying an additional 8,638 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Monro Muffler Brake by 109.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,061 shares of the company’s stock worth $639,000 after buying an additional 5,262 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Monro Muffler Brake by 21.2% in the first quarter. Aperio Group LLC now owns 8,478 shares of the company’s stock worth $606,000 after buying an additional 1,483 shares in the last quarter.

Institutional Ownership by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 0.29% during mid-day trading on Friday, hitting $60.86. The stock had a trading volume of 155,853 shares. The company has a market cap of $1.97 billion, a P/E ratio of 31.39 and a beta of 0.84. The company has a 50-day moving average price of $59.42 and a 200 day moving average price of $63.41. Monro Muffler Brake Inc. has a 1-year low of $55.24 and a 1-year high of $77.00.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Monro Muffler Brake had a net margin of 6.86% and a return on equity of 12.54%. The company earned $236.90 million during the quarter, compared to analysts’ expectations of $235.12 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. Monro Muffler Brake’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Monro Muffler Brake Inc. will post $2.15 EPS for the current fiscal year.

A number of equities research analysts have issued reports on MNRO shares. Zacks Investment Research downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Gabelli started coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They set a “hold” rating for the company. Susquehanna started coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They set a “positive” rating and a $66.00 price target for the company. Northcoast Research downgraded Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research report on Thursday, July 14th. Finally, Jefferies Group reissued a “buy” rating and set a $72.00 price target on shares of Monro Muffler Brake in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Monro Muffler Brake has an average rating of “Hold” and an average target price of $75.88.

In related news, insider Christopher R. Hoornbeck sold 6,750 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $56.70, for a total value of $382,725.00. Following the completion of the transaction, the insider now owns 26,855 shares in the company, valued at approximately $1,522,678.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John C. Lamb sold 650 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $56.22, for a total transaction of $36,543.00. Following the completion of the transaction, the insider now owns 500 shares of the company’s stock, valued at approximately $28,110. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:MNRO

Receive News & Stock 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 stocks with our FREE daily email newsletter.