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.

TRADEMARK VIOLATION WARNING: “Monro Muffler Brake Inc (MNRO) CEO Sells $2,182,403.65 in Stock” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/06/monro-muffler-brake-inc-mnro-ceo-heel-john-w-van-sells-46883-shares-of-stock-updated.html.

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.

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

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