GSA Capital Partners LLP Purchases New Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

GSA Capital Partners LLP acquired a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) in the 3rd quarter, HoldingsChannel reports. The firm acquired 48,858 shares of the company’s stock, valued at approximately $697,000.

A number of other institutional investors also recently modified their holdings of DRVN. Allspring Global Investments Holdings LLC bought a new stake in Driven Brands during the 1st quarter worth approximately $26,000. Innealta Capital LLC acquired a new position in Driven Brands in the second quarter worth $86,000. nVerses Capital LLC bought a new stake in shares of Driven Brands during the third quarter worth $86,000. Bleakley Financial Group LLC acquired a new stake in shares of Driven Brands in the third quarter valued at $171,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Driven Brands by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company’s stock valued at $219,000 after buying an additional 1,758 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.

Driven Brands Price Performance

Driven Brands stock opened at $16.64 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $2.73 billion, a P/E ratio of 416.00, a PEG ratio of 1.10 and a beta of 1.11. The business has a 50-day moving average of $14.73 and a 200-day moving average of $13.32. Driven Brands Holdings Inc. has a 1 year low of $10.59 and a 1 year high of $16.93.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $591.70 million during the quarter, compared to analysts’ expectations of $598.49 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, equities analysts anticipate that Driven Brands Holdings Inc. will post 0.86 EPS for the current year.

Analyst Ratings Changes

DRVN has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and set a $17.00 price objective (up previously from $14.00) on shares of Driven Brands in a report on Friday, August 2nd. The Goldman Sachs Group increased their price target on shares of Driven Brands from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Baird R W upgraded shares of Driven Brands to a “strong-buy” rating in a research report on Friday, August 2nd. Canaccord Genuity Group increased their price objective on Driven Brands from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their target price on Driven Brands from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.86.

Driven Brands Company 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.