Driven Brands Holdings Inc. $DRVN Stock Position Lifted by Emeth Value Capital LLC

Emeth Value Capital LLC raised its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,846,166 shares of the company’s stock after buying an additional 582,255 shares during the quarter. Driven Brands accounts for about 70.3% of Emeth Value Capital LLC’s holdings, making the stock its biggest position. Emeth Value Capital LLC owned approximately 2.34% of Driven Brands worth $57,000,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Driven Brands by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,597 shares of the company’s stock valued at $610,000 after acquiring an additional 1,493 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Driven Brands by 22.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 139,321 shares of the company’s stock worth $2,388,000 after acquiring an additional 25,806 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in Driven Brands by 12.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,027 shares of the company’s stock valued at $246,000 after purchasing an additional 1,500 shares during the last quarter. Creative Planning boosted its position in Driven Brands by 4.4% during the second quarter. Creative Planning now owns 34,247 shares of the company’s stock valued at $601,000 after purchasing an additional 1,444 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in Driven Brands by 13.8% in the second quarter. Intech Investment Management LLC now owns 48,734 shares of the company’s stock valued at $856,000 after purchasing an additional 5,924 shares in the last quarter. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Driven Brands Price Performance

Shares of NASDAQ:DRVN opened at $10.75 on Friday. The stock has a market capitalization of $1.77 billion, a P/E ratio of -8.67 and a beta of 1.09. The business has a 50-day moving average of $14.27 and a two-hundred day moving average of $15.06. Driven Brands Holdings Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.80.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings data on Monday, March 23rd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.The business had revenue of $457.33 million for the quarter, compared to analyst estimates of $459.50 million. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, equities research analysts predict that Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year.

Key Driven Brands News

Here are the key news stories impacting Driven Brands this week:

• Positive Sentiment: Proposed class-action settlement announced by lead counsel, which may cap some litigation risk and was a likely catalyst for buying interest today. Proposed Settlement Announcement
• Neutral Sentiment: Reported short-interest data appears to show zero reported short shares (likely a data error or reporting lag); days-to-cover reported as 0.0 — this is not meaningful evidence of a large short-squeeze. (Internal reporting entries dated 3/19–3/20.)
• Negative Sentiment: Multiple securities class actions and investor-alerts filed or announced by law firms (Hagens Berman, Rosen, Kessler Topaz, BFA, Bernstein Liebhard, Pomerantz, etc.) alleging pervasive accounting errors and internal control failures covering fiscal years 2023–2025 after the company said its financials can no longer be relied upon. This wave of litigation follows a reported ~39% stock drop tied to the disclosure and creates ongoing legal, financial restatement, and reputational risk. Hagens Berman Notice BFA/BusinessWire Notice

Analysts Set New Price Targets

Several research analysts have weighed in on DRVN shares. Piper Sandler lowered Driven Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $12.00 in a research report on Wednesday, February 25th. BTIG Research reissued a “buy” rating and issued a $21.00 price target on shares of Driven Brands in a research note on Thursday, January 8th. Benchmark restated a “buy” rating on shares of Driven Brands in a report on Wednesday, December 3rd. Wall Street Zen lowered shares of Driven Brands from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Zacks Research cut shares of Driven Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.00.

Insider Transactions at Driven Brands

In other Driven Brands news, insider Scott L. O’melia sold 46,875 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $16.00, for a total transaction of $750,000.00. Following the transaction, the insider owned 326,944 shares in the company, valued at $5,231,104. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is owned by insiders.

About Driven Brands

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.