Driven Brands Holdings Inc. $DRVN Position Raised by Emeth Value Capital LLC

Emeth Value Capital LLC grew its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) by 34.8% in the third quarter, Holdings Channel.com reports. The firm owned 3,263,911 shares of the company’s stock after buying an additional 842,668 shares during the period. Driven Brands comprises about 51.1% of Emeth Value Capital LLC’s investment portfolio, making the stock its biggest position. Emeth Value Capital LLC’s holdings in Driven Brands were worth $52,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hennessy Advisors Inc. bought a new position in Driven Brands in the 2nd quarter worth approximately $10,562,000. North Peak Capital Management LLC raised its holdings in Driven Brands by 9.0% during the 2nd quarter. North Peak Capital Management LLC now owns 7,123,075 shares of the company’s stock valued at $125,081,000 after acquiring an additional 589,556 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Driven Brands during the second quarter worth $5,676,000. Ewing Morris & Co. Investment Partners Ltd. boosted its holdings in shares of Driven Brands by 74.6% in the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 382,167 shares of the company’s stock worth $6,711,000 after acquiring an additional 163,300 shares during the period. Finally, Boston Partners grew its position in shares of Driven Brands by 92.2% in the second quarter. Boston Partners now owns 270,712 shares of the company’s stock valued at $4,754,000 after purchasing an additional 129,850 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.

Driven Brands Stock Performance

Shares of DRVN opened at $14.50 on Friday. Driven Brands Holdings Inc. has a 12-month low of $13.44 and a 12-month high of $19.74. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. The company has a market cap of $2.38 billion, a PE ratio of -11.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.04. The stock has a 50-day moving average price of $14.63 and a 200-day moving average price of $16.21.

Driven Brands (NASDAQ:DRVN) last announced its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. The business had revenue of $564.12 million for the quarter. As a group, equities analysts forecast that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DRVN shares. BTIG Research dropped their price objective on Driven Brands from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $24.00 price target on shares of Driven Brands in a report on Thursday, September 18th. Weiss Ratings restated a “sell (d)” rating on shares of Driven Brands in a research report on Monday, December 29th. Stifel Nicolaus set a $23.00 target price on shares of Driven Brands in a report on Monday, November 17th. Finally, Benchmark reiterated a “buy” rating on shares of Driven Brands in a research note on Wednesday, December 3rd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.22.

Driven Brands Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.