North Peak Capital Management LLC grew its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,756,217 shares of the company's stock after buying an additional 457,217 shares during the quarter. Driven Brands accounts for about 12.3% of North Peak Capital Management LLC's portfolio, making the stock its 4th largest holding. North Peak Capital Management LLC owned about 3.51% of Driven Brands worth $92,905,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Emeth Value Capital LLC purchased a new stake in Driven Brands in the 4th quarter worth $41,452,000. Dimensional Fund Advisors LP increased its stake in shares of Driven Brands by 54.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,186,095 shares of the company's stock worth $19,141,000 after purchasing an additional 416,744 shares in the last quarter. Boston Partners acquired a new position in shares of Driven Brands during the 4th quarter worth about $2,123,000. Russell Investments Group Ltd. lifted its stake in Driven Brands by 186.3% in the 4th quarter. Russell Investments Group Ltd. now owns 171,391 shares of the company's stock valued at $2,766,000 after buying an additional 111,519 shares in the last quarter. Finally, Norges Bank acquired a new stake in Driven Brands in the 4th quarter worth about $1,742,000. Institutional investors and hedge funds own 77.08% of the company's stock.
Driven Brands Trading Up 1.6 %
Driven Brands stock traded up $0.25 during mid-day trading on Thursday, hitting $16.23. The company's stock had a trading volume of 189,381 shares, compared to its average volume of 887,044. The stock's fifty day moving average is $16.41 and its two-hundred day moving average is $16.07. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $2.67 billion, a PE ratio of 405.80, a price-to-earnings-growth ratio of 0.79 and a beta of 1.09. Driven Brands Holdings Inc. has a 1 year low of $10.59 and a 1 year high of $18.01.
Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.13. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The firm had revenue of $564.12 million during the quarter, compared to the consensus estimate of $572.95 million. During the same period last year, the company earned $0.19 EPS. The company's quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Canaccord Genuity Group raised their target price on Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Benchmark initiated coverage on shares of Driven Brands in a research report on Friday, April 4th. They issued a "buy" rating and a $22.00 target price for the company. BMO Capital Markets boosted their price target on shares of Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird set a $25.00 price objective on shares of Driven Brands in a report on Thursday, March 13th. Three equities research 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 company's stock. Based on data from MarketBeat.com, Driven Brands presently has an average rating of "Moderate Buy" and an average target price of $20.50.
Get Our Latest Stock Analysis on Driven Brands
About Driven Brands
(
Free Report)
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.
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