November 28, 2016 - By Winifred Garcia
Peter Solomon is the director of Monro Muffler Brake Inc. He recently made a sale of 5,000 shares in the Pinksheet-listed company with the transaction value amounting to close to $295,268 US Dollars. That was according to the SEC provided price of $59.1 per share. In the last month, he also unloaded 150,000 shares valued at $8,654,859 USD. Peter Solomon right now possess 1.40 million shares which are about 4.45% of the New York-based company’s market capitalization. The trade was unveiled in a report submitted with the U.S. SEC on 28-11-2016, which is available for online access here.
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 28.12% above today’s ($59.32) stock price. Monro Muffler Brake has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Evercore on Wednesday, August 5. The rating was initiated by Jefferies with “Buy” on Tuesday, September 15. The firm has “Neutral” rating by Goldman Sachs given on Thursday, December 17. On Wednesday, April 6 the stock rating was maintained by Goldman Sachs with “Neutral”. The rating was initiated by CL King with “Neutral” on Monday, September 28. Oppenheimer initiated the stock with “Outperform” rating in Tuesday, March 29 report. Northcoast upgraded the stock to “Neutral” rating in Thursday, October 27 report. The firm earned “Buy” rating on Friday, October 23 by Stifel Nicolaus. The company was downgraded on Wednesday, August 19 by KeyBanc Capital Markets. On Tuesday, October 20 the stock rating was initiated by Sterne Agee CRT with “Buy”.
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.
Ubs Asset Management Americas Inc owns 21,092 shares or 0% of their US portfolio. Comerica Comml Bank reported 32,619 shares or 0.02% of all its holdings. Barclays Public Limited Com holds 0% of its portfolio in Monro Muffler Brake Inc (NASDAQ:MNRO) for 3,078 shares. Gotham Asset Llc last reported 0.02% of its portfolio in the stock. Goldman Sachs Group Incorporated has 469,277 shares for 0.01% of their US portfolio. Parametric Portfolio Assoc Ltd has invested 0.01% of its portfolio in Monro Muffler Brake Inc (NASDAQ:MNRO). Blackrock Management Ltd Liability holds 130,862 shares or 0.01% of its portfolio. Janus Capital Mgmt Ltd Liability Corporation has 681,457 shares for 0.04% of their US portfolio. Voya Investment Mngmt Ltd Company holds 847,430 shares or 0.13% of its portfolio. Principal Financial Group Inc holds 0.02% of its portfolio in Monro Muffler Brake Inc (NASDAQ:MNRO) for 231,191 shares. Hodges Management Incorporated has 137,460 shares for 0.42% of their US portfolio. Proshare Advsr Ltd Liability Com, a Maryland-based fund reported 4,563 shares. Advisory Network Ltd Liability Corporation, a Georgia-based fund reported 876 shares. Wells Fargo & Company Mn has 457,236 shares for 0.01% of their US portfolio. Argentus Mgmt Ltd has 1,328 shares for 0.04% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 11 sales for $11.48 million net activity. The insider WILEN JAMES sold 5,000 shares worth $297,250. 4,400 shares were sold by WOLSZON ELIZABETH A., worth $269,544. 19,000 shares were sold by SOLOMON PETER J, worth $1.17 million. Shares for $36,546 were sold by Lamb John C on Thursday, August 25. MELLOR ROBERT E sold $621,322 worth of stock. $364,177 worth of Monro Muffler Brake Inc (NASDAQ:MNRO) was sold by HOYLE CRAIG L on Tuesday, November 22. $382,743 worth of shares were sold by HOORNBECK CHRISTOPHER R on Monday, August 22.
About 288,047 shares traded hands. Monro Muffler Brake Inc (NASDAQ:MNRO) has declined 12.91% since April 25, 2016 and is downtrending. It has underperformed by 18.93% 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 $1.92 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 31.04 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 $17.15 million for 27.98 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 Globenewswire.com published the news titled: “Monro Muffler Brake, Inc. Announces First Quarter Fiscal 2017 Financial Results” on July 28, 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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