Monro Muffler Brake, Inc. (NASDAQ:MNRO) was downgraded by research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other equities analysts have also recently weighed in on MNRO. UBS AG cut shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. TheStreet raised shares of Monro Muffler Brake from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. Finally, BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Monro Muffler Brake has a consensus rating of “Hold” and an average price target of $63.33.

Shares of Monro Muffler Brake (NASDAQ:MNRO) opened at 53.60 on Thursday. The stock has a 50 day moving average price of $51.39 and a 200-day moving average price of $48.98. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 28.54 and a beta of 0.73. Monro Muffler Brake has a one year low of $39.65 and a one year high of $61.84.

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

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In other news, VP Craig L. Hoyle sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $48.02, for a total transaction of $96,040.00. Following the completion of the sale, the vice president now owns 58,000 shares in the company, valued at approximately $2,785,160. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen C. Mccluski purchased 1,200 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were bought at an average price 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 three months, insiders have acquired 6,893 shares of company stock worth $328,155 and have sold 244,064 shares worth $11,438,709. 6.20% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Forward Management LLC increased its stake in shares of Monro Muffler Brake by 9.5% during the 2nd quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 231 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Monro Muffler Brake by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after purchasing an additional 452 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Monro Muffler Brake during the 1st quarter worth approximately $141,000. Capital Analysts LLC increased its stake in shares of Monro Muffler Brake by 18.5% during the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 665 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Monro Muffler Brake by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 45 shares during the last quarter.

About Monro Muffler Brake

Monro, Inc, formerly 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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