BidaskClub cut shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) from a sell rating to a strong sell rating in a research note published on Wednesday, July 12th.

Several other analysts have also commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. UBS AG lowered shares of Monro Muffler Brake from a positive rating to a neutral rating in a research report on Tuesday, June 20th. Stephens reaffirmed an overweight rating and issued a $69.00 price objective on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. TheStreet lowered shares of Monro Muffler Brake from a b- rating to a c+ rating in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $60.00 price objective on shares of Monro Muffler Brake in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $63.33.

Shares of Monro Muffler Brake (MNRO) opened at 47.40 on Wednesday. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $62.55. The firm has a market cap of $1.58 billion, a P/E ratio of 25.24 and a beta of 0.71. The stock’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 released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a net margin of 5.84% and a return on equity of 10.90%. The company had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. During the same period last year, the firm earned $0.50 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. Equities research analysts anticipate that Monro Muffler Brake will post $2.13 earnings per share for the current fiscal year.

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In related news, CEO Heel John W. Van sold 129,089 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $46.76, for a total transaction of $6,036,201.64. Following the completion of the transaction, the chief executive officer now owns 202,463 shares of the company’s stock, valued at $9,467,169.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen C. Mccluski acquired 1,200 shares of Monro Muffler Brake stock in a transaction that occurred on Tuesday, July 25th. The shares were purchased at an average cost of $46.45 per share, with a total value of $55,740.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 242,064 shares of company stock valued at $11,342,669. 6.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position 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 in the last quarter. Legal & General Group Plc boosted its position in Monro Muffler Brake by 2.6% in the first quarter. Legal & General Group Plc now owns 57,925 shares of the auto parts company’s stock worth $3,018,000 after buying an additional 1,457 shares in the last quarter. Comerica Bank boosted its position in Monro Muffler Brake by 5.3% in the fourth quarter. Comerica Bank now owns 34,652 shares of the auto parts company’s stock worth $2,043,000 after buying an additional 1,754 shares in the last quarter. Norges Bank bought a new position in Monro Muffler Brake during the fourth quarter worth approximately $11,722,000. Finally, Bank of New York Mellon Corp boosted its position 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 in the last quarter.

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.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

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