Driven Brands Holdings Inc. $DRVN Shares Purchased by Seven Six Capital Management LLC

Seven Six Capital Management LLC boosted its stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) by 37.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,000 shares of the company’s stock after purchasing an additional 80,300 shares during the quarter. Driven Brands accounts for approximately 4.4% of Seven Six Capital Management LLC’s holdings, making the stock its 10th biggest position. Seven Six Capital Management LLC owned 0.18% of Driven Brands worth $4,357,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Osaic Holdings Inc. raised its stake in Driven Brands by 82.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after purchasing an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Driven Brands by 744.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after purchasing an additional 1,854 shares during the last quarter. Comerica Bank raised its stake in Driven Brands by 328.8% during the 4th quarter. Comerica Bank now owns 2,933 shares of the company’s stock valued at $43,000 after purchasing an additional 2,249 shares during the last quarter. Larson Financial Group LLC raised its stake in Driven Brands by 1,347.7% during the 4th quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock valued at $57,000 after purchasing an additional 3,558 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Driven Brands by 30.5% in the 4th quarter. Federated Hermes Inc. now owns 8,727 shares of the company’s stock valued at $129,000 after buying an additional 2,040 shares during the period. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DRVN has been the topic of several analyst reports. Weiss Ratings raised shares of Driven Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Robert W. Baird set a $18.00 price target on shares of Driven Brands and gave the company an “outperform” rating in a report on Wednesday, May 20th. William Blair lowered shares of Driven Brands from an “outperform” rating to a “hold” rating in a report on Wednesday, April 22nd. BMO Capital Markets lowered their price target on shares of Driven Brands from $18.00 to $14.00 and set a “market perform” rating on the stock in a report on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $14.75 price target on shares of Driven Brands in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.18.

Driven Brands Trading Down 0.7%

Shares of Driven Brands stock opened at $13.36 on Wednesday. The firm has a market capitalization of $2.20 billion, a PE ratio of 11.93 and a beta of 0.97. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.38 and a quick ratio of 1.25. The company’s fifty day moving average price is $13.17 and its two-hundred day moving average price is $13.91. Driven Brands Holdings Inc. has a 52-week low of $9.80 and a 52-week high of $19.74.

Driven Brands (NASDAQ:DRVN) last posted its earnings results on Thursday, June 11th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The business had revenue of $484.44 million for the quarter, compared to analyst estimates of $480.84 million. Driven Brands had a net margin of 9.08% and a return on equity of 25.70%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, analysts expect that Driven Brands Holdings Inc. will post 1.04 EPS for the current year.

Driven Brands Company Profile

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.