The Prudential Financial Inc. decreases its position in Monro Muffler Brake Inc. (MNRO)

The Prudential Financial Inc. decreases its position in Monro Muffler Brake Inc. (MNRO)

Prudential Financial Inc. reduced its stake in shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,741 shares of the company’s stock after selling 2,573 shares during the period. Prudential Financial Inc. owned about 0.25% of Monro Muffler Brake worth $5,132,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MNRO. BlackRock Inc. raised its position in Monro Muffler Brake by 142.1% in the first quarter. BlackRock Inc. now owns 2,365 shares of the company’s stock valued at $169,000 after buying an additional 1,388 shares during the period. Capital Analysts LLC acquired a new position in Monro Muffler Brake during the second quarter valued at approximately $206,000. Investors Capital Advisory Services acquired a new position in Monro Muffler Brake during the second quarter valued at approximately $238,000. Mount Lucas Management LP raised its position in Monro Muffler Brake by 10.6% in the first quarter. Mount Lucas Management LP now owns 4,115 shares of the company’s stock valued at $294,000 after buying an additional 393 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new position in Monro Muffler Brake during the first quarter valued at approximately $297,000.

Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 61.04 on Friday. Monro Muffler Brake Inc. has a 52-week low of $55.24 and a 52-week high of $77.00. The company has a market capitalization of $1.97 billion, a P/E ratio of 31.48 and a beta of 0.84. The firm’s 50 day moving average is $59.30 and its 200-day moving average is $63.48.

Monro Muffler Brake (NASDAQ:MNRO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Monro Muffler Brake had a net margin of 6.86% and a return on equity of 12.54%. The company earned $236.90 million during the quarter, compared to analysts’ expectations of $235.12 million. During the same quarter in the prior year, the company posted $0.58 EPS. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Monro Muffler Brake Inc. will post $2.15 earnings per share for the current fiscal year.

Several research firms have recently commented on MNRO. Zacks Investment Research raised shares of Monro Muffler Brake from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 20th. Susquehanna began coverage on shares of Monro Muffler Brake in a report on Thursday, August 25th. They issued a “positive” rating and a $66.00 price target for the company. Jefferies Group reaffirmed a “buy” rating and issued a $72.00 price target on shares of Monro Muffler Brake in a report on Friday, July 29th. Gabelli initiated coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They set a “hold” rating for the company. Finally, Northcoast Research lowered shares of Monro Muffler Brake from a “neutral” rating to a “sell” rating in a research note on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Monro Muffler Brake has an average rating of “Hold” and a consensus target price of $75.88.

In other news, insider Christopher R. Hoornbeck sold 6,750 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $56.70, for a total value of $382,725.00. Following the sale, the insider now owns 26,855 shares of the company’s stock, valued at approximately $1,522,678.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John C. Lamb sold 650 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $56.22, for a total transaction of $36,543.00. Following the completion of the sale, the insider now directly owns 500 shares in the company, valued at approximately $28,110. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by insiders.

Monro Muffler Brake Company Profile

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.

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