Monro Muffler Brake Inc (MNRO) CEO Sells $2,182,403.65 in Stock
Monro Muffler Brake Inc (NASDAQ:MNRO) CEO Heel John W. Van sold 46,883 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $46.55, for a total transaction of $2,182,403.65. Following the completion of the sale, the chief executive officer now directly owns 202,463 shares of the company’s stock, valued at approximately $9,424,652.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Monro Muffler Brake Inc (MNRO) traded up 1.50% on Friday, reaching $47.40. 152,957 shares of the company’s stock were exchanged. 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 12 month low of $39.65 and a 12 month high of $62.55. The firm has a 50-day moving average of $44.12 and a 200-day moving average of $51.42.
Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Monro Muffler Brake had a net margin of 6.31% and a return on equity of 11.94%. 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 firm earned $0.50 EPS. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Monro Muffler Brake Inc will post $2.13 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. Forward Management LLC raised its stake in Monro Muffler Brake by 6.8% in the first quarter. Forward Management LLC now owns 2,431 shares of the auto parts company’s stock valued at $127,000 after buying an additional 154 shares during the last quarter. Victory Capital Management Inc. raised its stake in Monro Muffler Brake by 32.2% in the first quarter. Victory Capital Management Inc. now owns 2,560 shares of the auto parts company’s stock valued at $133,000 after buying an additional 623 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Monro Muffler Brake during the first quarter valued at $141,000. State of Alaska Department of Revenue raised its stake in Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in Monro Muffler Brake by 1,336.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 4,095 shares of the auto parts company’s stock valued at $213,000 after buying an additional 3,810 shares during the last quarter.
Several research analysts have recently commented on MNRO shares. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Stephens lowered shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $51.00 price target (down from $54.00) on shares of Monro Muffler Brake in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $63.33.
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.
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