Todays Report: Today, Monro Muffler Brake Inc. (MNRO) Director Sold $295,250.00 in Stock

Today, Monro Muffler Brake Inc. (MNRO) Director Sold $295,250.00 in Stock

Monro Muffler Brake Inc. (NASDAQ:MNRO) Director Peter J. Solomon sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $59.05, for a total value of $295,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Peter J. Solomon also recently made the following trade(s): On Tuesday, November 22nd, Peter J. Solomon sold 35,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $57.68, for a total value of $2,018,800.00. On Thursday, November 17th, Peter J. Solomon sold 50,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $58.76, for a total value of $2,938,000.00. On Monday, November 14th, Peter J. Solomon sold 55,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $57.20, for a total value of $3,146,000.00. On Monday, October 31st, Peter J. Solomon sold 10,000 shares of Monro Muffler Brake stock. The stock was sold at an average price of $55.21, for a total value of $552,100.00.

Shares of Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 2.50% during trading on Monday, hitting $58.60. The stock had a trading volume of 289,746 shares. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 30.89 and a beta of 0.83. The stock has a 50-day moving average of $57.20 and a 200 day moving average of $60.58. 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 Thomson Reuters’ consensus estimate of $0.56 by $0.03. Monro Muffler Brake had a net margin of 6.65% and a return on equity of 11.98%. The company earned $248.60 million during the quarter, compared to analysts’ expectations of $249.32 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Monro Muffler Brake Inc. will post $2.08 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MNRO. Columbia Wanger Asset Management LLC acquired a new position in Monro Muffler Brake during the second quarter valued at $36,178,000. TimesSquare Capital Management LLC increased its position in Monro Muffler Brake by 27.4% in the third quarter. TimesSquare Capital Management LLC now owns 1,651,384 shares of the company’s stock valued at $101,015,000 after buying an additional 355,570 shares during the period. Royal Bank of Canada increased its position in Monro Muffler Brake by 66.5% in the second quarter. Royal Bank of Canada now owns 699,256 shares of the company’s stock valued at $44,446,000 after buying an additional 279,208 shares during the period. Peregrine Capital Management LLC acquired a new position in Monro Muffler Brake during the third quarter valued at $16,173,000. Finally, Emerald Acquisition Ltd. acquired a new position in Monro Muffler Brake during the second quarter valued at $12,466,000.

A number of analysts recently issued reports on MNRO shares. Zacks Investment Research raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Gabelli started coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They issued a “hold” rating for the company. Northcoast Research raised Monro Muffler Brake from a “sell” rating to a “neutral” rating in a research report on Thursday, October 27th. Finally, Susquehanna started coverage on Monro Muffler Brake in a research report on Thursday, August 25th. They issued a “positive” rating and a $66.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Monro Muffler Brake presently has an average rating of “Hold” and a consensus target price of $73.67.

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