November 23, 2016 - By Michael Collier
The See Remarks of Monro Muffler Brake Inc, Craig Hoyle, has just sold – 6,250 shares of the firm he’s supervising and operating – coming to a total transaction of $364,177 US Dollars (this based on average share price of $58.3). Presently, he holds a total of 58,000 shares or 0.18% of the company’s market capitalization.
Out of 11 analysts covering Monro Muffler Brake (NASDAQ:MNRO), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. $86 is the highest target while $66 is the lowest. The $76 average target is 28.92% above today’s ($58.95) stock price. Monro Muffler Brake has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Oppenheimer given on Tuesday, March 29. The rating was upgraded by Evercore to “Hold” on Wednesday, August 5. Jefferies initiated the stock with “Buy” rating in Tuesday, September 15 report. The stock of Monro Muffler Brake Inc (NASDAQ:MNRO) has “Neutral” rating given on Thursday, October 27 by Northcoast. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, October 20. On Friday, October 23 the stock rating was maintained by Jefferies with “Buy”. The stock of Monro Muffler Brake Inc (NASDAQ:MNRO) earned “Positive” rating by Susquehanna on Friday, August 26. The firm has “Neutral” rating given on Wednesday, April 6 by Goldman Sachs. The rating was downgraded by KeyBanc Capital Markets on Wednesday, August 19 to “Sector Weight”. The firm earned “Hold” rating on Tuesday, December 8 by Gabelli.
Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.45, from 1.22 in 2016Q1. The ratio worsened, as 18 funds sold all Monro Muffler Brake Inc shares owned while 60 reduced positions. 25 funds bought stakes while 70 increased positions. They now own 34.02 million shares or 2.60% more from 33.16 million shares in 2016Q1.
Wellington Limited Liability Partnership reported 281,029 shares or 0% of all its holdings. Blackrock Advsrs holds 0% of its portfolio in Monro Muffler Brake Inc (NASDAQ:MNRO) for 14,822 shares. Schwab Charles Invest Mgmt has invested 0.01% of its portfolio in Monro Muffler Brake Inc (NASDAQ:MNRO). Profund Advisors Ltd Liability Co holds 0.01% or 4,309 shares in its portfolio. Moreover, Ladenburg Thalmann Financial Service has 0% invested in Monro Muffler Brake Inc (NASDAQ:MNRO) for 3,665 shares. Moreover, Investors Capital Advisory Serv has 0.05% invested in Monro Muffler Brake Inc (NASDAQ:MNRO) for 3,750 shares. The Illinois-based Columbia Wanger Asset Management Ltd Llc has invested 0.42% in Monro Muffler Brake Inc (NASDAQ:MNRO). Moreover, Stephens Incorporated Ar has 0.01% invested in Monro Muffler Brake Inc (NASDAQ:MNRO) for 4,875 shares. Akre Cap Mgmt Limited Liability Company accumulated 1.8% or 1.51 million shares. Teachers Retirement System Of The State Of Kentucky accumulated 25,481 shares or 0.02% of the stock. King Luther Cap Corp holds 0.13% of its portfolio in Monro Muffler Brake Inc (NASDAQ:MNRO) for 213,730 shares. Great West Life Assurance Com Can owns 3,626 shares or 0% of their US portfolio. Castleark Llc has 0.22% invested in the company for 108,490 shares. California Pub Employees Retirement System has 103,300 shares for 0.01% of their US portfolio. Mckinley Ltd Delaware holds 0% of its portfolio in Monro Muffler Brake Inc (NASDAQ:MNRO) for 500 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 12 selling transactions for $12.08 million net activity. Shares for $525,200 were sold by D AMICO CATHERINE. 55,000 shares were sold by SOLOMON PETER J, worth $3.15M on Friday, October 14. Shares for $269,544 were sold by WOLSZON ELIZABETH A. 650 shares were sold by Lamb John C, worth $36,546. GLICKMAN DONALD sold $210,096 worth of stock. MELLOR ROBERT E sold $621,322 worth of stock. $382,743 worth of Monro Muffler Brake Inc (NASDAQ:MNRO) was sold by HOORNBECK CHRISTOPHER R.
About 98,380 shares traded hands. Monro Muffler Brake Inc (NASDAQ:MNRO) has declined 12.80% since April 21, 2016 and is downtrending. It has underperformed by 18.13% the S&P500.
Monro Muffler Brake, Inc. is engaged in the provision of automotive undercar repair and tire services in the United States. The company has a market cap of $1.98 billion. The Firm 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. It has a 31.23 P/E ratio. It also offers tires and routine maintenance services, which include state inspections.
According to Zacks Investment Research, “Monro Muffler/Brake, Inc. is a chain of company-operated and dealer-operated stores providing automotive undercar repair services in the United States. Monro’s stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems and many other vehicle maintenance services. The company’s stores typically are situated in high-visibility locations in suburban areas and small towns, as well as in major metropolitan areas.”
Analysts await Monro Muffler Brake Inc (NASDAQ:MNRO) to report earnings on January, 24. They expect $0.53 EPS, up 3.92% or $0.02 from last year’s $0.51 per share. MNRO’s profit will be $17.80 million for 27.81 P/E if the $0.53 EPS becomes a reality. After $0.53 actual EPS reported by Monro Muffler Brake Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More recent Monro Muffler Brake Inc (NASDAQ:MNRO) news were published by: Barrons.com which released: “Monro Muffler Brake Inc.” on August 24, 2015. Also Streetinsider.com published the news titled: “Form 4 MONRO MUFFLER BRAKE INC For: Nov 22 Filed by: WILEN JAMES” on November 23, 2016. Bloomberg.com‘s news article titled: “Monro Muffler Rises Amid Favorable Outlook for Auto Services” with publication date: September 07, 2016 was also an interesting one.
Monro Muffler Brake, Inc., incorporated on October 5, 1959, is engaged in the provision of automotive undercar repair and tire services in the United States. The Firm 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. The Firm also provides other services and products, including tires and routine maintenance services, including state inspections. The Firm is also engaged in repair and replacement of parts. The Company’s store provides a range of undercar repair services for brakes, steering, mufflers and exhaust systems, drive train, suspension and wheel alignment, as well as tire replacement and service. These services apply to all makes and models of domestic and foreign cars, light trucks and vans.
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