North Peak Capital Management LLC Acquires 95,529 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

North Peak Capital Management LLC increased its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 5,299,000 shares of the company’s stock after buying an additional 95,529 shares during the period. Driven Brands comprises 10.6% of North Peak Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. North Peak Capital Management LLC’s holdings in Driven Brands were worth $75,617,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in Driven Brands during the second quarter worth $86,000. nVerses Capital LLC purchased a new stake in shares of Driven Brands in the 3rd quarter valued at $86,000. Bleakley Financial Group LLC acquired a new position in Driven Brands during the 3rd quarter worth about $171,000. Price T Rowe Associates Inc. MD boosted its holdings in Driven Brands by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company’s stock valued at $219,000 after acquiring an additional 1,758 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Driven Brands in the 3rd quarter valued at about $245,000. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Driven Brands Stock Up 2.1 %

Driven Brands stock opened at $17.04 on Tuesday. The stock has a market cap of $2.80 billion, a PE ratio of 426.00, a P/E/G ratio of 1.11 and a beta of 1.11. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. The stock’s fifty day moving average is $15.03 and its two-hundred day moving average is $13.52. Driven Brands Holdings Inc. has a 1-year low of $10.59 and a 1-year high of $17.35.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company 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 was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, sell-side analysts expect that Driven Brands Holdings Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on DRVN shares. Royal Bank of Canada raised their price objective 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. Robert W. Baird raised their price target on shares of Driven Brands from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price target 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. The Goldman Sachs Group increased their price objective on Driven Brands from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, 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. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Driven Brands currently has an average rating of “Moderate Buy” and an average price target of $17.86.

Driven Brands 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.