UBS Group AG lifted its stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN – Free Report) by 171.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 628,991 shares of the company’s stock after purchasing an additional 397,137 shares during the quarter. UBS Group AG owned 0.38% of Driven Brands worth $9,322,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Driven Brands by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 5,851,225 shares of the company’s stock worth $86,715,000 after acquiring an additional 288,759 shares during the last quarter. Emeth Value Capital LLC grew its holdings in Driven Brands by 17.8% during the 4th quarter. Emeth Value Capital LLC now owns 3,846,166 shares of the company’s stock worth $57,000,000 after acquiring an additional 582,255 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Driven Brands during the 3rd quarter worth approximately $44,645,000. Simcoe Capital Management LLC bought a new stake in Driven Brands during the 3rd quarter worth approximately $33,911,000. Finally, Ararat Capital Management LP boosted its stake in shares of Driven Brands by 1.0% in the 3rd quarter. Ararat Capital Management LP now owns 1,097,714 shares of the company’s stock valued at $17,684,000 after purchasing an additional 10,465 shares during the last quarter. 77.08% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Freedom Capital raised shares of Driven Brands to a “strong-buy” rating in a research note on Monday, March 23rd. Zacks Research raised shares of Driven Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Driven Brands in a research note on Wednesday, April 22nd. Piper Sandler reduced their price objective on shares of Driven Brands from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Driven Brands in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Driven Brands presently has a consensus rating of “Hold” and an average price target of $19.00.
Driven Brands Stock Performance
DRVN opened at $13.00 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. The company’s fifty day moving average price is $12.24 and its two-hundred day moving average price is $14.03. Driven Brands Holdings Inc. has a 1-year low of $9.80 and a 1-year high of $19.74. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -10.48 and a beta of 0.97.
Driven Brands 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.
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