Suntrust Banks Inc. decreased its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,867 shares of the auto parts company’s stock after selling 436 shares during the quarter. Suntrust Banks Inc.’s holdings in Monro Muffler Brake were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Crawford Investment Counsel Inc. grew its position in shares of Monro Muffler Brake by 92.9% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 59,640 shares of the auto parts company’s stock worth $2,490,000 after buying an additional 28,720 shares during the period. Scout Investments Inc. grew its position in shares of Monro Muffler Brake by 3.9% during the 2nd quarter. Scout Investments Inc. now owns 95,925 shares of the auto parts company’s stock worth $4,005,000 after buying an additional 3,575 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Monro Muffler Brake by 51.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,060 shares of the auto parts company’s stock worth $420,000 after buying an additional 3,428 shares during the period. BlackRock Inc. grew its position in shares of Monro Muffler Brake by 1.0% during the 2nd quarter. BlackRock Inc. now owns 4,085,148 shares of the auto parts company’s stock worth $170,556,000 after buying an additional 41,299 shares during the period. Finally, State Street Corp grew its position in shares of Monro Muffler Brake by 6.4% during the 1st quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock worth $44,059,000 after buying an additional 50,736 shares during the period.

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Monro Muffler Brake, Inc. (NASDAQ:MNRO) opened at 52.55 on Friday. Monro Muffler Brake, Inc. has a one year low of $39.65 and a one year high of $61.75. The company has a market capitalization of $1.72 billion, a PE ratio of 27.98 and a beta of 0.73. The company has a 50 day moving average price of $51.92 and a 200-day moving average price of $48.98.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly 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. The company had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. Analysts expect that Monro Muffler Brake, Inc. will post $2.13 EPS for the current fiscal year.

Several analysts have recently 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 downgraded 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 set a $69.00 price objective on shares of Monro Muffler Brake in a research report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Monro Muffler Brake from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Monro Muffler Brake in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Monro Muffler Brake presently has an average rating of “Hold” and a consensus target price of $63.33.

In related news, CEO Heel John W. Van sold 129,089 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $46.76, for a total value of $6,036,201.64. Following the sale, the chief executive officer now directly owns 202,463 shares of the company’s stock, valued at $9,467,169.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Brett Ponton purchased 5,193 shares of Monro Muffler Brake stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $47.93 per share, for a total transaction of $248,900.49. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 6,893 shares of company stock worth $328,155 and sold 244,064 shares worth $11,438,709. 6.20% of the stock is owned by corporate insiders.

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.

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

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