Munro Muffler & Brake just keeps on truckin'

Financial Tides notices the positive investor sentiment on Monro. Monro Muffler/Brake, Inc. ( MNRO ) is a chain of company-operated and dealer-operated stores providing automotive undercar repair services in the United States. Monro's stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems and many other vehicle maintenance services. The company's stores typically are situated in high-visibility locations in suburban areas and small towns, as well as in major metropolitan areas.

Wall Street is forecasting double digit growth in both sales and earnings. They have given their clients 4 strong buy and 1 hold recommendations based on expected sales increases of 18.30% this year and 13.40% next year. EPS is projected to increase 31.70% this year, 20.90% next year and continue for 5 years at an annual compounded rate of 20.90%. Share price appreciation should be similar.

The stock has been up in 3 of the last 5 sessions and Barchart shows a technical buy on 10 of 13 technical indicators for an overall 72% buy score.

The general investing public is starting to notice this stock with the CAPS members on Motley Fool voting that the stock will beat the market 57 to 10 with the All Stars in agreement 19 to 1. Wall Street columnists have written 3 positive articles recently.

If you're interested in an S&P 600 small cap stock that already has been noticed remember:

1. Wall Street likes the possibility of increased sales and earnings
2. The general investing public has also taken notice
3. Recent price momentum could give you a short term pop

Jim Van Meerten is an investor who writes on investing matters on Financial Tides,

Seeking Alpha and Barchart. Please leave a comment below or email JimVanMeerten@gmail.com

Disclosure: No positions in MNRO at the time of publication