Monro Muffler Brake Inc. (MNRO) Insider Craig L. Hoyle Sells 6,250 Shares
Monro Muffler Brake Inc. (NASDAQ:MNRO) insider Craig L. Hoyle sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $58.27, for a total transaction of $364,187.50. Following the completion of the transaction, the insider now owns 53,500 shares of the company’s stock, valued at approximately $3,117,445. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 0.42% during mid-day trading on Wednesday, hitting $59.35. 213,656 shares of the company’s stock traded hands. The firm has a 50-day moving average of $57.36 and a 200 day moving average of $60.67. Monro Muffler Brake Inc. has a 52 week low of $52.05 and a 52 week high of $77.00. The company has a market cap of $1.92 billion, a PE ratio of 31.29 and a beta of 0.83.
Monro Muffler Brake (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $248.60 million for the quarter, compared to analyst estimates of $249.32 million. Monro Muffler Brake had a return on equity of 11.98% and a net margin of 6.65%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. Equities research analysts predict that Monro Muffler Brake Inc. will post $2.08 EPS for the current year.
Several research analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating and issued a $72.00 price objective on shares of Monro Muffler Brake in a research report on Friday, July 29th. Zacks Investment Research cut shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Susquehanna assumed coverage on shares of Monro Muffler Brake in a research report on Thursday, August 25th. They set a “positive” rating and a $66.00 target price for the company. Gabelli assumed coverage on shares of Monro Muffler Brake in a research report on Thursday, August 25th. They set a “hold” rating for the company. Finally, Northcoast Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “neutral” rating in a research report on Thursday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $73.67.
Several hedge funds have recently bought and sold shares of the company. Columbia Wanger Asset Management LLC purchased a new stake in Monro Muffler Brake during the second quarter valued at about $36,178,000. TimesSquare Capital Management LLC raised its stake in Monro Muffler Brake by 27.4% in the third quarter. TimesSquare Capital Management LLC now owns 1,651,384 shares of the company’s stock valued at $101,015,000 after buying an additional 355,570 shares in the last quarter. Royal Bank of Canada raised its stake in Monro Muffler Brake by 66.5% in the second quarter. Royal Bank of Canada now owns 699,256 shares of the company’s stock valued at $44,446,000 after buying an additional 279,208 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in Monro Muffler Brake during the third quarter valued at about $16,173,000. Finally, Emerald Acquisition Ltd. purchased a new stake in Monro Muffler Brake during the second quarter valued at about $12,466,000.
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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