Summit Creek Advisors LLC Raises Position in Monro Muffler Brake, Inc. (NASDAQ:MNRO)

Summit Creek Advisors LLC raised its stake in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO) by 60.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,483 shares of the auto parts company’s stock after buying an additional 77,409 shares during the period. Summit Creek Advisors LLC owned 0.63% of Monro Muffler Brake worth $8,537,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Independent Portfolio Consultants Inc. increased its stake in shares of Monro Muffler Brake by 1,336.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 4,095 shares of the auto parts company’s stock valued at $213,000 after buying an additional 3,810 shares in the last quarter. UMB Bank N A MO increased its stake in shares of Monro Muffler Brake by 17.5% in the first quarter. UMB Bank N A MO now owns 6,700 shares of the auto parts company’s stock valued at $349,000 after buying an additional 1,000 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Monro Muffler Brake by 5.3% in the first quarter. Nationwide Fund Advisors now owns 182,067 shares of the auto parts company’s stock valued at $9,486,000 after buying an additional 9,123 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Monro Muffler Brake by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 3,610 shares of the auto parts company’s stock valued at $188,000 after buying an additional 120 shares in the last quarter. Finally, Alta Capital Management LLC increased its stake in shares of Monro Muffler Brake by 2.8% in the first quarter. Alta Capital Management LLC now owns 175,464 shares of the auto parts company’s stock valued at $9,141,000 after buying an additional 4,795 shares in the last quarter.

Monro Muffler Brake, Inc. (MNRO) traded down 0.24% during midday trading on Tuesday, hitting $41.55. The stock had a trading volume of 180,229 shares. Monro Muffler Brake, Inc. has a 52 week low of $39.65 and a 52 week high of $66.48. The company has a 50-day moving average price of $48.16 and a 200-day moving average price of $53.68. The stock has a market cap of $1.36 billion, a P/E ratio of 22.48 and a beta of 0.70.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, May 18th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $252.01 million for the quarter, compared to analysts’ expectations of $254.38 million. Monro Muffler Brake had a return on equity of 10.85% and a net margin of 6.00%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Equities analysts expect that Monro Muffler Brake, Inc. will post $2.18 EPS for the current year.

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Several brokerages have issued reports on MNRO. CIBC reaffirmed a “buy” rating on shares of Monro Muffler Brake in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Monro Muffler Brake in a report on Friday, May 5th. Oppenheimer Holdings, Inc. set a $70.00 price target on Monro Muffler Brake and gave the company a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Finally, TheStreet downgraded Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.80.

Monro Muffler Brake Company Profile

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.

Institutional Ownership by Quarter for Monro Muffler Brake (NASDAQ:MNRO)

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