Alta Capital Management buys $11,232,512 stake in Monro Muffler Brake Inc (MNRO)

Monro Muffler Brake Inc (MNRO) : Alta Capital Management scooped up 93,588 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 Apr 21, 2016. The investment management firm now holds a total of 162,343 shares of Monro Muffler Brake Inc which is valued at $11,232,512.Monro Muffler Brake Inc makes up approximately 0.69% of Alta Capital Management’s portfolio.

Monro Muffler Brake Inc opened for trading at $70.69 and hit $72.78 on the upside on Wednesday, eventually ending the session at $72.61, with a gain of 2.40% or 1.7 points. The heightened volatility saw the trading volume jump to 2,24,577 shares. Company has a market cap of $2,338 M.

Other Hedge Funds, Including , Nichols Asset Management reduced its stake in MNRO by selling 1,105 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 133,787 shares of MNRO which is valued at $9,256,723. Monro Muffler Brake Inc makes up approx 2.00% of Nichols Asset Management’s portfolio.Summit Creek Advisors boosted its stake in MNRO in the latest quarter, The investment management firm added 12,270 additional shares and now holds a total of 184,343 shares of Monro Muffler Brake Inc which is valued at $12,754,692. Monro Muffler Brake Inc makes up approx 1.97% of Summit Creek Advisors’s portfolio. Manning Napier Advisors added MNRO to its portfolio by purchasing 139,930 company shares during the most recent quarter which is valued at $9,684,555. Monro Muffler Brake Inc makes up approx 0.06% of Manning Napier Advisors’s portfolio.1st Global Advisors boosted its stake in MNRO in the latest quarter, The investment management firm added 2,891 additional shares and now holds a total of 15,476 shares of Monro Muffler Brake Inc which is valued at $1,071,094. Monro Muffler Brake Inc makes up approx 0.15% of 1st Global Advisors’s portfolio.Independent Portfolio Consultants boosted its stake in MNRO in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 280 shares of Monro Muffler Brake Inc which is valued at $19,379. Monro Muffler Brake Inc makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.

On the company’s financial health, Monro Muffler Brake Inc reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 26, 2016. Analyst had a consensus of $0.47. The company had revenue of $238.90 million for the quarter, compared to analysts expectations of $239.10 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

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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