Trading Report: Today, Monro Muffler Brake Inc. (MNRO) Director Sold $2,018,800.00 in Stock

Today, Monro Muffler Brake Inc. (MNRO) Director Sold $2,018,800.00 in Stock

Monro Muffler Brake Inc. (NASDAQ:MNRO) Director Peter J. Solomon sold 35,000 shares of Monro Muffler Brake stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $57.68, for a total transaction of $2,018,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Peter J. Solomon also recently made the following trade(s): On Thursday, November 17th, Peter J. Solomon sold 50,000 shares of Monro Muffler Brake stock. The shares were sold at an average price of $58.76, for a total transaction of $2,938,000.00. On Monday, November 14th, Peter J. Solomon sold 55,000 shares of Monro Muffler Brake stock. The shares were sold at an average price of $57.20, for a total transaction of $3,146,000.00. On Monday, October 31st, Peter J. Solomon sold 10,000 shares of Monro Muffler Brake stock. The shares were sold at an average price of $55.21, for a total transaction of $552,100.00.

Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 59.35 on Friday. The firm has a 50-day moving average of $57.33 and a 200-day moving average of $60.66. The company has a market cap of $1.92 billion, a P/E ratio of 31.29 and a beta of 0.83. Monro Muffler Brake Inc. has a 52-week low of $52.05 and a 52-week high of $77.00.

Monro Muffler Brake (NASDAQ:MNRO) last issued its earnings results on Thursday, October 20th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.03. The company earned $248.60 million during the quarter, compared to the consensus estimate of $249.32 million. Monro Muffler Brake had a return on equity of 11.98% and a net margin of 6.65%. Monro Muffler Brake’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities research analysts forecast that Monro Muffler Brake Inc. will post $2.08 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its position in shares of Monro Muffler Brake by 5.4% in the third quarter. D.A. Davidson & CO. now owns 1,790 shares of the company’s stock worth $109,000 after buying an additional 92 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Monro Muffler Brake by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,160 shares of the company’s stock worth $438,000 after buying an additional 120 shares in the last quarter. Suntrust Banks Inc. increased its position in Monro Muffler Brake by 1.9% in the second quarter. Suntrust Banks Inc. now owns 7,496 shares of the company’s stock worth $475,000 after buying an additional 138 shares in the last quarter. PineBridge Investments L.P. increased its position in Monro Muffler Brake by 4.0% in the second quarter. PineBridge Investments L.P. now owns 4,090 shares of the company’s stock worth $260,000 after buying an additional 157 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Monro Muffler Brake by 4.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,400 shares of the company’s stock worth $280,000 after buying an additional 200 shares in the last quarter.

MNRO has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Northcoast Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “neutral” rating in a report on Thursday, October 27th. Gabelli started coverage on shares of Monro Muffler Brake in a report on Thursday, August 25th. They set a “hold” rating for the company. Jefferies Group restated a “buy” rating and issued a $72.00 price objective on shares of Monro Muffler Brake in a report on Friday, July 29th. Finally, Susquehanna started coverage on shares of Monro Muffler Brake in a report on Thursday, August 25th. They issued a “positive” rating and a $66.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Monro Muffler Brake currently has a consensus rating of “Hold” and an average target price of $73.67.

Monro Muffler Brake Company Profile

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