BlackRock Inc. increased its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,085,148 shares of the auto parts company’s stock after buying an additional 41,299 shares during the period. BlackRock Inc. owned about 12.27% of Monro Muffler Brake worth $170,556,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in MNRO. Forward Management LLC boosted its holdings in Monro Muffler Brake by 9.5% during the second quarter. Forward Management LLC now owns 2,662 shares of the auto parts company’s stock worth $111,000 after buying an additional 231 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Monro Muffler Brake by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after buying an additional 452 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Monro Muffler Brake during the first quarter worth about $141,000. Capital Analysts LLC boosted its holdings in Monro Muffler Brake by 18.5% during the second quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after buying an additional 665 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Monro Muffler Brake by 0.9% during the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after buying an additional 45 shares in the last quarter.
A number of analysts recently commented on MNRO shares. BidaskClub raised shares of Monro Muffler Brake from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Monro Muffler Brake in a report on Tuesday, September 12th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Monro Muffler Brake in a report on Wednesday, June 28th. UBS AG downgraded shares of Monro Muffler Brake from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Finally, Stephens downgraded shares of Monro Muffler Brake from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 29th. One 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. The company has an average rating of “Hold” and an average target price of $63.33.
Monro Muffler Brake, Inc. (MNRO) opened at 53.60 on Thursday. The stock has a 50 day moving average of $51.39 and a 200-day moving average of $48.98. Monro Muffler Brake, Inc. has a 52-week low of $39.65 and a 52-week high of $61.84. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 28.54 and a beta of 0.73.
Monro Muffler Brake (NASDAQ:MNRO) last announced its earnings results on Thursday, July 20th. The auto parts company reported $0.55 EPS for the quarter, topping the 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 company had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $270.85 million. During the same period last year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts expect that Monro Muffler Brake, Inc. will post $2.13 EPS for the current year.
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In other news, Director Stephen C. Mccluski bought 1,200 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was bought at an average cost of $46.45 per share, for a total transaction of $55,740.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Heel John W. Van sold 129,089 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $46.76, for a total transaction of $6,036,201.64. Following the completion of the transaction, the chief executive officer now owns 202,463 shares of the company’s stock, valued at $9,467,169.88. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 6,893 shares of company stock valued at $328,155 and sold 244,064 shares valued at $11,438,709. Company insiders own 6.20% of the company’s stock.
Monro Muffler Brake Company Profile
Monro, Inc, formerly 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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