OppenheimerFunds Inc. boosted its position in Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 31.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,051 shares of the auto parts company’s stock after buying an additional 3,338 shares during the period. OppenheimerFunds Inc.’s holdings in Monro Muffler Brake were worth $732,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MNRO. Norges Bank purchased a new stake in Monro Muffler Brake during the fourth quarter worth $11,722,000. Granite Investment Partners LLC increased its stake in Monro Muffler Brake by 59.4% in the first quarter. Granite Investment Partners LLC now owns 298,821 shares of the auto parts company’s stock worth $15,568,000 after buying an additional 111,383 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in shares of Monro Muffler Brake by 80.6% in the first quarter. Eagle Boston Investment Management Inc. now owns 120,613 shares of the auto parts company’s stock worth $6,283,000 after buying an additional 53,826 shares during the period. Legato Capital Management LLC boosted its position in shares of Monro Muffler Brake by 5,110.0% in the first quarter. Legato Capital Management LLC now owns 47,515 shares of the auto parts company’s stock worth $912,000 after buying an additional 46,603 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of Monro Muffler Brake during the fourth quarter worth approximately $2,617,000.

Monro Muffler Brake, Inc. (MNRO) traded up 1.50% during midday trading on Friday, reaching $47.40. The company’s stock had a trading volume of 152,957 shares. The firm has a 50 day moving average price of $44.12 and a 200-day moving average price of $51.42. Monro Muffler Brake, Inc. has a 12-month low of $39.65 and a 12-month high of $62.55. The company has a market cap of $1.58 billion, a P/E ratio of 25.24 and a beta of 0.71.

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

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A number of equities analysts have commented on MNRO shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $70.00 price target on shares of Monro Muffler Brake in a research note on Thursday, April 13th. CIBC reissued a “buy” rating on shares of Monro Muffler Brake in a research note on Monday, April 17th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a research note on Friday, May 5th. TheStreet lowered Monro Muffler Brake from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. Finally, BidaskClub lowered Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.33.

In related news, insider Robert G. Gross sold 64,619 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $47.28, for a total value of $3,055,186.32. Following the transaction, the insider now owns 64,619 shares of the company’s stock, valued at $3,055,186.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Heel John W. Van sold 129,089 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 202,463 shares in the company, valued at approximately $9,467,169.88. 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 ninety days. Corporate insiders own 6.20% of the company’s stock.

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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