Legal & General Group Plc increased its position in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 57,925 shares of the auto parts company’s stock after buying an additional 1,457 shares during the period. Legal & General Group Plc owned approximately 0.18% of Monro Muffler Brake worth $3,018,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Monro Muffler Brake by 4.8% in the fourth quarter. State Street Corp now owns 794,941 shares of the auto parts company’s stock worth $45,473,000 after buying an additional 36,267 shares during the last quarter. Royce & Associates LP raised its stake in Monro Muffler Brake by 2.6% in the first quarter. Royce & Associates LP now owns 784,396 shares of the auto parts company’s stock worth $40,867,000 after buying an additional 20,175 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Monro Muffler Brake by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 594,199 shares of the auto parts company’s stock worth $30,959,000 after buying an additional 20,663 shares during the last quarter. Peregrine Capital Management LLC raised its stake in Monro Muffler Brake by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 317,499 shares of the auto parts company’s stock worth $16,812,000 after buying an additional 21,693 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Monro Muffler Brake by 1.7% in the first quarter. Stephens Investment Management Group LLC now owns 310,377 shares of the auto parts company’s stock worth $16,171,000 after buying an additional 5,221 shares during the last quarter.

Monro Muffler Brake, Inc. (NASDAQ:MNRO) traded up 1.50% during trading on Friday, reaching $47.40. 152,957 shares of the company traded hands. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 25.24 and a beta of 0.71. Monro Muffler Brake, Inc. has a 52 week low of $39.65 and a 52 week high of $62.55. The company’s 50-day moving average price is $44.12 and its 200 day moving average price is $51.42.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities research analysts expect that Monro Muffler Brake, Inc. will post $2.13 EPS for the current year.

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A number of equities research analysts have recently commented on MNRO shares. Oppenheimer Holdings, Inc. set a $70.00 price objective on shares of Monro Muffler Brake and gave the company a “buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Monro Muffler Brake in a research note on Monday, May 15th. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research note on Monday, April 17th. TheStreet downgraded shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. Finally, Stephens downgraded shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.33.

In other Monro Muffler Brake news, Director Stephen C. Mccluski bought 1,200 shares of Monro Muffler Brake stock in a transaction on Tuesday, July 25th. The shares were bought at an average price of $46.45 per share, for a total transaction of $55,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert G. Gross sold 64,619 shares of Monro Muffler Brake stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.28, for a total value of $3,055,186.32. Following the completion of the sale, the insider now owns 64,619 shares in the company, valued at approximately $3,055,186.32. The disclosure for this sale can be found here. Insiders have sold 242,064 shares of company stock worth $11,342,669 in the last three months. 6.20% of the stock is currently owned by corporate insiders.

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.

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

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