BidaskClub upgraded shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) from a strong sell rating to a sell rating in a report released on Tuesday.

A number of other research analysts have also weighed in on MNRO. Jefferies Group LLC reissued a buy rating and set a $67.00 target price on shares of Monro Muffler Brake in a report on Tuesday, March 28th. Zacks Investment Research raised Monro Muffler Brake from a sell rating to a hold rating in a report on Tuesday, April 4th. Oppenheimer Holdings, Inc. reissued a buy rating and set a $70.00 target price on shares of Monro Muffler Brake in a report on Thursday, April 13th. CIBC reissued a buy rating on shares of Monro Muffler Brake in a report on Monday, April 17th. Finally, TheStreet lowered Monro Muffler Brake from a b- rating to a c+ rating in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four 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 $63.33.

Monro Muffler Brake (NASDAQ MNRO) traded down 0.97% during midday trading on Tuesday, hitting $45.80. The stock had a trading volume of 374,905 shares. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.39 and a beta of 0.69. Monro Muffler Brake has a 1-year low of $39.65 and a 1-year high of $63.20. The firm has a 50-day moving average price of $44.28 and a 200-day moving average price of $51.69.

Monro Muffler Brake (NASDAQ:MNRO) last posted its earnings results on Thursday, July 20th. The auto parts company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $278.50 million for the quarter, compared to analyst estimates of $270.85 million. Monro Muffler Brake had a return on equity of 10.90% and a net margin of 5.84%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. On average, equities research analysts anticipate that Monro Muffler Brake will post $2.13 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Monro Muffler Brake, Inc. (MNRO) Lifted to Sell at BidaskClub” was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/monro-muffler-brake-inc-mnro-lifted-to-sell-at-bidaskclub/1461823.html.

In related news, Director Stephen C. Mccluski bought 1,200 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was purchased at an average cost of $46.45 per share, for a total transaction of $55,740.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Gross sold 1,473 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $46.76, for a total value of $68,877.48. Following the sale, the chief executive officer now owns 132,807 shares of the company’s stock, valued at $6,210,055.32. The disclosure for this sale can be found here. Insiders sold a total of 177,445 shares of company stock valued at $8,287,483 over the last 90 days. 7.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Monro Muffler Brake by 151,355.0% in the first quarter. BlackRock Inc. now owns 4,043,849 shares of the auto parts company’s stock worth $210,685,000 after buying an additional 4,041,179 shares during the last quarter. Vanguard Group Inc. increased its stake in Monro Muffler Brake by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,023,550 shares of the auto parts company’s stock worth $157,528,000 after buying an additional 183,577 shares during the last quarter. Clearbridge Investments LLC increased its stake in Monro Muffler Brake by 57.1% in the first quarter. Clearbridge Investments LLC now owns 1,601,634 shares of the auto parts company’s stock worth $83,445,000 after buying an additional 581,973 shares during the last quarter. Akre Capital Management LLC increased its stake in Monro Muffler Brake by 4.9% in the first quarter. Akre Capital Management LLC now owns 1,597,630 shares of the auto parts company’s stock worth $83,237,000 after buying an additional 75,000 shares during the last quarter. Finally, State Street Corp increased its stake in Monro Muffler Brake by 6.4% in the first quarter. State Street Corp now owns 845,677 shares of the auto parts company’s stock worth $44,059,000 after buying an additional 50,736 shares during the last quarter.

About Monro Muffler Brake

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.

Analyst Recommendations for Monro Muffler Brake (NASDAQ:MNRO)

Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.