North Peak Capital Management LLC Has $75.62 Million Stock Holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN)

North Peak Capital Management LLC increased its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,299,000 shares of the company's stock after acquiring an additional 95,529 shares during the quarter. Driven Brands makes up about 10.6% of North Peak Capital Management LLC's holdings, making the stock its 4th largest position. North Peak Capital Management LLC owned about 3.23% of Driven Brands worth $75,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Driven Brands during the 2nd quarter valued at $86,000. nVerses Capital LLC purchased a new stake in shares of Driven Brands during the 3rd quarter valued at approximately $86,000. Bleakley Financial Group LLC bought a new position in Driven Brands in the 3rd quarter worth approximately $171,000. Price T Rowe Associates Inc. MD grew its stake in Driven Brands by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company's stock valued at $219,000 after buying an additional 1,758 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Driven Brands in the third quarter valued at $245,000. Hedge funds and other institutional investors own 77.08% of the company's stock.

Driven Brands Trading Down 1.1 %

Shares of NASDAQ DRVN traded down $0.19 during mid-day trading on Tuesday, hitting $16.85. The stock had a trading volume of 329,961 shares, compared to its average volume of 1,058,549. The business has a 50 day moving average price of $15.03 and a two-hundred day moving average price of $13.52. Driven Brands Holdings Inc. has a 1 year low of $10.59 and a 1 year high of $17.35. 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 $2.77 billion, a P/E ratio of 421.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.11.

Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $591.70 million during the quarter, compared to the consensus estimate of $598.49 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities analysts anticipate that Driven Brands Holdings Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DRVN shares. Canaccord Genuity Group lifted their target price on Driven Brands from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, November 1st. Royal Bank of Canada upped their target price on shares of Driven Brands from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Baird R W raised shares of Driven Brands to a "strong-buy" rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on shares of Driven Brands from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on Driven Brands from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.86.

About Driven Brands

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.