Monro Muffler Brake (NASDAQ:MNRO) Major Shareholder Purchases $1,772,856.56 in Stock

Monro Muffler Brake, Inc. (NASDAQ:MNRO) major shareholder Carl Icahn acquired 101,422 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $17.48 per share, for a total transaction of $1,772,856.56. Following the completion of the transaction, the insider owned 5,078,573 shares of the company’s stock, valued at approximately $88,773,456.04. This trade represents a 2.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Monro Muffler Brake Trading Up 0.5%

Shares of Monro Muffler Brake stock traded up $0.08 on Friday, reaching $17.51. The company had a trading volume of 1,116,697 shares, compared to its average volume of 938,918. The firm has a market cap of $525.65 million, a price-to-earnings ratio of -26.13, a P/E/G ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.48 and a quick ratio of 0.16. The firm’s 50-day moving average price is $17.40 and its two-hundred day moving average price is $15.83. Monro Muffler Brake, Inc. has a 1 year low of $12.19 and a 1 year high of $30.18.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $288.91 million during the quarter, compared to the consensus estimate of $299.04 million. Monro Muffler Brake had a positive return on equity of 2.77% and a negative net margin of 1.60%.Monro Muffler Brake’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. As a group, research analysts predict that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MNRO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Monro Muffler Brake in a report on Wednesday, October 8th. Wall Street Zen cut Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Wells Fargo & Company reduced their price target on Monro Muffler Brake from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.67.

Institutional Investors Weigh In On Monro Muffler Brake

Several large investors have recently added to or reduced their stakes in MNRO. GAMMA Investing LLC grew its stake in Monro Muffler Brake by 453.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,601 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 2,131 shares in the last quarter. CWM LLC boosted its holdings in shares of Monro Muffler Brake by 132.3% in the first quarter. CWM LLC now owns 3,067 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 1,747 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Monro Muffler Brake in the first quarter worth approximately $65,000. Nisa Investment Advisors LLC grew its stake in Monro Muffler Brake by 640.9% in the first quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 7,076 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Monro Muffler Brake by 13.3% during the 1st quarter. New York State Common Retirement Fund now owns 10,253 shares of the auto parts company’s stock worth $148,000 after purchasing an additional 1,203 shares during the period.

About Monro Muffler Brake

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.