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

Emeth Value Capital LLC purchased a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,568,273 shares of the company’s stock, valued at approximately $41,452,000. Driven Brands accounts for approximately 33.4% of Emeth Value Capital LLC’s holdings, making the stock its biggest position. Emeth Value Capital LLC owned about 1.56% of Driven Brands at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. nVerses Capital LLC acquired a new position in Driven Brands during the third quarter valued at approximately $86,000. Blue Trust Inc. grew its holdings in Driven Brands by 600.5% during the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company’s stock valued at $148,000 after purchasing an additional 7,885 shares during the period. Townsquare Capital LLC acquired a new position in Driven Brands during the third quarter valued at approximately $153,000. Bleakley Financial Group LLC acquired a new position in Driven Brands during the third quarter valued at approximately $171,000. Finally, SG Americas Securities LLC grew its holdings in Driven Brands by 47.2% during the fourth quarter. SG Americas Securities LLC now owns 13,720 shares of the company’s stock valued at $221,000 after purchasing an additional 4,399 shares during the period. Institutional investors and hedge funds own 77.08% of the company’s stock.

Driven Brands Stock Performance

Shares of DRVN stock opened at $16.48 on Thursday. The company’s fifty day simple moving average is $16.31 and its 200-day simple moving average is $15.00. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The firm has a market cap of $2.70 billion, a PE ratio of 412.00, a P/E/G ratio of 0.83 and a beta of 1.15. Driven Brands Holdings Inc. has a 12 month low of $10.59 and a 12 month high of $17.45.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $591.70 million for the quarter, compared to analyst estimates of $598.49 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts expect that Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DRVN. Canaccord Genuity Group boosted their price objective on shares of 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 boosted their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus lifted their price target on shares of Driven Brands from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.25.

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.