Alta Capital Management buys $10,453,710 stake in Monro Muffler Brake Inc (MNRO)

Monro Muffler Brake Inc (MNRO) : Alta Capital Management scooped up 2,625 additional shares in Monro Muffler Brake Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 171,260 shares of Monro Muffler Brake Inc which is valued at $10,453,710.Monro Muffler Brake Inc makes up approximately 0.66% of Alta Capital Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in MNRO in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 349 shares of Monro Muffler Brake Inc which is valued at $21,303.Eagle Asset Management Inc reduced its stake in MNRO by selling 1,644 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 74,520 shares of MNRO which is valued at $4,541,994. Monro Muffler Brake Inc makes up approx 0.03% of Eagle Asset Management Inc’s portfolio. Eagle Boston Investment Management Inc added MNRO to its portfolio by purchasing 67,000 company shares during the most recent quarter which is valued at $4,083,650. Monro Muffler Brake Inc makes up approx 0.53% of Eagle Boston Investment Management Inc’s portfolio.Cutler Group Lp boosted its stake in MNRO in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 1,532 shares of Monro Muffler Brake Inc which is valued at $93,100. Monro Muffler Brake Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.Independent Portfolio Consultants reduced its stake in MNRO by selling 55 shares or 19.64% in the most recent quarter. The Hedge Fund company now holds 225 shares of MNRO which is valued at $13,687.

Monro Muffler Brake Inc opened for trading at $61.27 and hit $61.32 on the upside on Tuesday, eventually ending the session at $60.95, with a gain of 0.30% or 0.18 points. The heightened volatility saw the trading volume jump to 2,15,644 shares. Company has a market cap of $1,968 M.

On the company’s financial health, Monro Muffler Brake Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49. The company had revenue of $236.90 million for the quarter, compared to analysts expectations of $235.12 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Monro Muffler Brake Inc. Susquehanna Initiated Monro Muffler Brake Inc on Aug 26, 2016 to “Positive”, Price Target of the shares are set at $66.

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. As of March 28 2015 the Company operated a chain of 999 Company-operated stores one franchised location and 14 dealer-operated stores. It also provides other products and services including tires and routine maintenance services including state inspections. The Company 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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