Emeth Value Capital LLC Invests $41.45 Million in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Emeth Value Capital LLC acquired a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,568,273 shares of the company's stock, valued at approximately $41,452,000. Driven Brands comprises 33.4% of Emeth Value Capital LLC's holdings, making the stock its largest position. Emeth Value Capital LLC owned about 1.56% of Driven Brands at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DRVN. Wedmont Private Capital raised its stake in Driven Brands by 2.2% in the 3rd quarter. Wedmont Private Capital now owns 38,047 shares of the company's stock valued at $537,000 after acquiring an additional 834 shares during the period. HighTower Advisors LLC grew its holdings in shares of Driven Brands by 5.9% during the 3rd quarter. HighTower Advisors LLC now owns 29,161 shares of the company's stock worth $414,000 after purchasing an additional 1,617 shares in the last quarter. Creative Planning increased its holdings in Driven Brands by 9.1% in the 3rd quarter. Creative Planning now owns 33,148 shares of the company's stock valued at $473,000 after buying an additional 2,754 shares during the period. Handelsbanken Fonder AB increased its stake in Driven Brands by 16.8% in the third quarter. Handelsbanken Fonder AB now owns 19,500 shares of the company's stock valued at $278,000 after acquiring an additional 2,800 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Driven Brands by 47.2% during the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock worth $221,000 after buying an additional 4,399 shares in the last quarter. Institutional investors own 77.08% of the company's stock.

Driven Brands Trading Down 0.7 %

Shares of DRVN stock traded down $0.12 on Monday, hitting $16.40. The company had a trading volume of 162,831 shares, compared to its average volume of 440,010. Driven Brands Holdings Inc. has a twelve month low of $10.59 and a twelve month high of $17.45. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.72 and a current ratio of 1.90. The firm has a market cap of $2.69 billion, a P/E ratio of 410.38, a P/E/G ratio of 0.86 and a beta of 1.15. The stock's 50-day moving average is $16.32 and its two-hundred day moving average is $15.05.

Driven Brands (NASDAQ:DRVN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company had revenue of $591.70 million during the quarter, compared to analysts' expectations of $598.49 million. During the same period in the prior year, the company posted $0.19 earnings per share. Driven Brands's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DRVN has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Driven Brands from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Driven Brands from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on Driven Brands from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.25.

Driven Brands Company Profile

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.