Bank of America Corp DE raised its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 52.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,854 shares of the auto parts company’s stock after buying an additional 103,291 shares during the period. Bank of America Corp DE owned 0.92% of Monro Muffler Brake worth $15,623,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock worth $210,685,000 after buying an additional 4,041,179 shares during the period. Vanguard Group Inc. raised its stake in shares of Monro Muffler Brake by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock worth $157,528,000 after buying an additional 183,577 shares during the period. State Street Corp raised its stake in shares of 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 period. Royce & Associates LP raised its stake in shares of 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 period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Monro Muffler Brake by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 714,538 shares of the auto parts company’s stock worth $37,228,000 after buying an additional 24,175 shares during the period.

Shares of Monro Muffler Brake, Inc. (NASDAQ MNRO) traded down 1.05% during trading on Tuesday, reaching $47.25. The company’s stock had a trading volume of 173,493 shares. The company’s 50 day moving average price is $44.03 and its 200 day moving average price is $51.32. Monro Muffler Brake, Inc. has a 12 month low of $39.65 and a 12 month high of $62.07. The firm has a market cap of $1.57 billion, a PE ratio of 25.16 and a beta of 0.71.

Monro Muffler Brake (NASDAQ:MNRO) last released its earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $270.85 million. During the same quarter last year, the firm posted $0.50 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. On average, equities analysts predict that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current year.

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A number of brokerages recently commented on MNRO. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. UBS AG lowered Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Stephens reiterated an “overweight” rating and issued a $69.00 price objective on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. BidaskClub lowered Monro Muffler Brake from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $61.00 price objective on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.33.

In other Monro Muffler Brake news, CEO Robert G. Gross sold 1,473 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $46.76, for a total value of $68,877.48. Following the transaction, the chief executive officer now owns 132,807 shares in the company, valued at $6,210,055.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen C. Mccluski purchased 1,200 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was purchased at an average price of $46.45 per share, for a total transaction of $55,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 242,064 shares of company stock worth $11,342,669. Corporate insiders own 6.20% of the company’s stock.

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.

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

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