Today, the Divisional VP of Monro Muffler (NASDAQ: MNRO), Raymond Pickens, bought shares of MNRO for $178K.
This recent transaction increases Raymond Pickens’ holding in the company by 153.37% to a total of $194K. Following Raymond Pickens’ last MNRO Buy transaction on February 13, 2017, the stock climbed by 18.1%.
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Based on Monro Muffler’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $307 million and quarterly net profit of $21.76 million. In comparison, last year the company earned revenue of $278 million and had a net profit of $17.27 million. MNRO’s market cap is $2.45B and the company has a P/E ratio of 34.86. Currently, Monro Muffler has an average volume of 124.9K.
In the last 30 days, insiders have sold $901.7K worth of MNRO shares and purchased $178K worth of MNRO shares. The insider sentiment on Monro Muffler has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Raymond Pickens’ trades have generated a -1.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Monro, Inc. engages in the operation of chain stores that provides automotive undercar repair and tire services. The company offers services for brake systems, steering and suspension systems, tires, exhaust systems and many vehicle maintenance services and certain locations specialize in providing commercial tire and maintenance services.
