Monro Muffler Brake Inc. (NASDAQ:MNRO) Director Peter J. Solomon sold 35,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $57.68, for a total value of $2,018,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Peter J. Solomon also recently made the following trade(s):

  • On Thursday, November 17th, Peter J. Solomon sold 50,000 shares of Monro Muffler Brake stock. The shares were sold at an average price of $58.76, for a total value of $2,938,000.00.
  • On Monday, November 14th, Peter J. Solomon sold 55,000 shares of Monro Muffler Brake stock. The shares were sold at an average price of $57.20, for a total value of $3,146,000.00.
  • On Monday, October 31st, Peter J. Solomon sold 10,000 shares of Monro Muffler Brake stock. The shares were sold at an average price of $55.21, for a total value of $552,100.00.

Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 0.42% during trading on Wednesday, reaching $59.35. The company’s stock had a trading volume of 24,359 shares. The stock has a market cap of $1.92 billion, a P/E ratio of 31.29 and a beta of 0.83. Monro Muffler Brake Inc. has a 12-month low of $52.05 and a 12-month high of $77.00. The stock’s 50-day moving average is $57.36 and its 200-day moving average is $60.67.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company earned $248.60 million during the quarter, compared to analysts’ expectations of $249.32 million. Monro Muffler Brake had a net margin of 6.65% and a return on equity of 11.98%. Monro Muffler Brake’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. Equities research analysts anticipate that Monro Muffler Brake Inc. will post $2.08 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

Several analysts recently weighed in on MNRO shares. Jefferies Group restated a “buy” rating and set a $72.00 price objective on shares of Monro Muffler Brake in a research report on Friday, July 29th. Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Northcoast Research upgraded Monro Muffler Brake from a “sell” rating to a “neutral” rating in a research report on Thursday, October 27th. 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 objective for the company. Finally, Gabelli started coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Monro Muffler Brake has an average rating of “Hold” and a consensus price target of $73.67.

Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of Monro Muffler Brake by 5.4% in the third quarter. D.A. Davidson & CO. now owns 1,790 shares of the company’s stock valued at $109,000 after buying an additional 92 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Monro Muffler Brake by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,160 shares of the company’s stock valued at $438,000 after buying an additional 120 shares during the period. Suntrust Banks Inc. boosted its position in shares of Monro Muffler Brake by 1.9% in the second quarter. Suntrust Banks Inc. now owns 7,496 shares of the company’s stock valued at $475,000 after buying an additional 138 shares during the period. PineBridge Investments L.P. boosted its position in shares of Monro Muffler Brake by 4.0% in the second quarter. PineBridge Investments L.P. now owns 4,090 shares of the company’s stock valued at $260,000 after buying an additional 157 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Monro Muffler Brake by 4.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,400 shares of the company’s stock valued at $280,000 after buying an additional 200 shares during the period.

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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.

5 Day Chart for NASDAQ:MNRO

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