Nisa Investment Advisors LLC decreased its position in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,170 shares of the auto parts company’s stock after selling 300 shares during the period. Nisa Investment Advisors LLC’s holdings in Monro Muffler Brake were worth $174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position 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 period. Vanguard Group Inc. boosted its position 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 period. Clearbridge Investments LLC boosted its position 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 period. Akre Capital Management LLC boosted its position 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 period. Finally, State Street Corp boosted its position 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 period.

Shares of Monro Muffler Brake, Inc. (MNRO) traded up 1.45% during mid-day trading on Wednesday, reaching $45.55. 67,210 shares of the company’s stock traded hands. The company’s 50 day moving average is $44.39 and its 200 day moving average is $50.59. The company has a market cap of $1.49 billion, a P/E ratio of 24.25 and a beta of 0.71. Monro Muffler Brake, Inc. has a 12-month low of $39.65 and a 12-month high of $62.07.

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

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MNRO has been the topic of a number of analyst reports. BidaskClub upgraded shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Monro Muffler Brake in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a research note on Monday, May 15th. UBS AG cut shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Finally, TheStreet cut shares of Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $63.33.

In related news, President Brett Ponton bought 5,193 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $47.93 per share, for a total transaction of $248,900.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Mccluski bought 1,200 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was bought at an average price of $46.45 per share, for a total transaction of $55,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,893 shares of company stock worth $328,155 and sold 244,064 shares worth $11,438,709. 6.20% of the stock is owned by company 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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Institutional Ownership by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

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