Trade Report: The Insider Selling: Monro Muffler Brake Inc. (MNRO) Insider Sold $364,187.50 in Stock

The Insider Selling: Monro Muffler Brake Inc. (MNRO) Insider Sold $364,187.50 in Stock

Monro Muffler Brake Inc. (NASDAQ:MNRO) insider Craig L. Hoyle sold 6,250 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $58.27, for a total value of $364,187.50. Following the completion of the transaction, the insider now directly owns 53,500 shares of the company’s stock, valued at $3,117,445. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Monro Muffler Brake Inc. (NASDAQ:MNRO) opened at 60.10 on Monday. The stock’s 50 day moving average price is $57.20 and its 200-day moving average price is $60.58. The stock has a market capitalization of $1.94 billion, a PE ratio of 31.68 and a beta of 0.83. Monro Muffler Brake Inc. has a 12-month low of $52.05 and a 12-month high of $77.00.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.03. The firm had revenue of $248.60 million for the quarter, compared to analyst estimates of $249.32 million. Monro Muffler Brake had a return on equity of 11.98% and a net margin of 6.65%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Analysts expect that Monro Muffler Brake Inc. will post $2.08 earnings per share for the current year.

Several analysts have issued reports on MNRO shares. Gabelli started coverage on Monro Muffler Brake in a report on Thursday, August 25th. They issued a “hold” rating for the company. Susquehanna started coverage on Monro Muffler Brake in a report on Thursday, August 25th. They issued a “positive” rating and a $66.00 target price for the company. Zacks Investment Research cut Monro Muffler Brake from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. Finally, Northcoast Research upgraded Monro Muffler Brake from a “sell” rating to a “neutral” rating in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Monro Muffler Brake has a consensus rating of “Hold” and an average target price of $73.67.

A number of institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. boosted 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 valued at $109,000 after buying an additional 92 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Monro Muffler Brake by 28.8% in the third quarter. Victory Capital Management Inc. now owns 1,985 shares of the company’s stock valued at $121,000 after buying an additional 444 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Monro Muffler Brake by 1,026.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $143,000 after buying an additional 2,052 shares in the last quarter. Sei Investments Co. boosted its position in shares of Monro Muffler Brake by 518.5% in the second quarter. Sei Investments Co. now owns 2,468 shares of the company’s stock valued at $158,000 after buying an additional 2,069 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of Monro Muffler Brake during the second quarter valued at about $165,000.

Monro Muffler Brake Company Profile

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