Driven Brands Holdings Inc. $DRVN Stock Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 216.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 749,273 shares of the company’s stock after buying an additional 512,463 shares during the quarter. Quantinno Capital Management LP’s holdings in Driven Brands were worth $9,448,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after acquiring an additional 941 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Driven Brands by 744.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after acquiring an additional 1,854 shares during the last quarter. Comerica Bank lifted its holdings in Driven Brands by 328.8% in the 4th quarter. Comerica Bank now owns 2,933 shares of the company’s stock valued at $43,000 after acquiring an additional 2,249 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of 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 in the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in shares of Driven Brands by 420.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock valued at $57,000 after purchasing an additional 3,635 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.

Driven Brands Trading Up 1.9%

NASDAQ:DRVN opened at $14.85 on Wednesday. The stock has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $13.73. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 13.26 and a beta of 0.95. Driven Brands Holdings Inc. has a 1-year low of $9.80 and a 1-year high of $19.74. The company has a quick ratio of 1.25, a current ratio of 1.38 and a debt-to-equity ratio of 2.08.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings data on Thursday, June 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Driven Brands had a return on equity of 25.70% and a net margin of 9.08%.The firm had revenue of $484.44 million for the quarter, compared to the consensus estimate of $480.84 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts forecast that Driven Brands Holdings Inc. will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

DRVN has been the topic of a number of research reports. BTIG Research reiterated a “buy” rating and issued a $17.00 target price on shares of Driven Brands in a report on Friday, June 12th. Weiss Ratings upgraded shares of Driven Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Canaccord Genuity Group set a $18.00 price target on shares of Driven Brands in a research report on Monday, June 8th. William Blair lowered shares of Driven Brands from an “outperform” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler upped their price target on Driven Brands from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Driven Brands presently has an average rating of “Moderate Buy” and a consensus price target of $17.18.

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.