Teachers Advisors LLC boosted its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,219 shares of the auto parts company’s stock after acquiring an additional 4,294 shares during the quarter. Teachers Advisors LLC owned about 0.17% of Monro Muffler Brake worth $2,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Stephens Inc. AR increased its stake in Monro Muffler Brake by 0.9% during the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after acquiring an additional 45 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Monro Muffler Brake by 255.9% during the second quarter. Riverhead Capital Management LLC now owns 7,830 shares of the auto parts company’s stock valued at $327,000 after buying an additional 5,630 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Monro Muffler Brake by 3.9% during the second quarter. TimesSquare Capital Management LLC now owns 1,517,629 shares of the auto parts company’s stock valued at $63,361,000 after buying an additional 56,420 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Monro Muffler Brake by 29.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock valued at $238,000 after buying an additional 1,313 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Monro Muffler Brake by 3.0% during the second quarter. Swiss National Bank now owns 54,742 shares of the auto parts company’s stock valued at $2,285,000 after buying an additional 1,600 shares during the last quarter.

A number of research analysts have recently commented on MNRO shares. Zacks Investment Research raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Stephens cut Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. BidaskClub raised Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. TheStreet raised Monro Muffler Brake from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Monro Muffler Brake in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $63.33.

In related news, CEO Heel John W. Van sold 129,089 shares of Monro Muffler Brake stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $46.76, for a total value of $6,036,201.64. Following the completion of the sale, the chief executive officer now owns 202,463 shares in the company, valued at approximately $9,467,169.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Craig L. Hoyle sold 2,000 shares of Monro Muffler Brake 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 of the company’s stock, valued at approximately $2,785,160. The disclosure for this sale can be found here. In the last quarter, insiders purchased 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. 6.20% of the stock is currently owned by company insiders.

Monro Muffler Brake, Inc. (MNRO) opened at 51.20 on Friday. The stock’s 50 day moving average price is $52.60 and its 200-day moving average price is $49.02. The company has a market cap of $1.68 billion, a PE ratio of 27.26 and a beta of 0.73. Monro Muffler Brake, Inc. has a 1-year low of $39.65 and a 1-year high of $61.75.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts forecast that Monro Muffler Brake, Inc. will post $2.13 earnings per share for the current year.

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Monro Muffler Brake Profile

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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