21,200 Shares in Driven Brands Holdings Inc. (NASDAQ:DRVN) Purchased by Versor Investments LP

Versor Investments LP bought a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,200 shares of the company’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wedmont Private Capital raised its holdings in Driven Brands by 2.2% during the third quarter. Wedmont Private Capital now owns 38,047 shares of the company’s stock worth $537,000 after acquiring an additional 834 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Driven Brands during the first quarter worth about $26,000. Price T Rowe Associates Inc. MD raised its holdings in Driven Brands by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company’s stock worth $219,000 after acquiring an additional 1,758 shares in the last quarter. Creative Planning raised its holdings in Driven Brands by 9.1% during the third quarter. Creative Planning now owns 33,148 shares of the company’s stock worth $473,000 after acquiring an additional 2,754 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in Driven Brands by 16.8% during the third quarter. Handelsbanken Fonder AB now owns 19,500 shares of the company’s stock worth $278,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.

Driven Brands Trading Up 0.4 %

Shares of NASDAQ:DRVN opened at $16.64 on Friday. The company has a market capitalization of $2.73 billion, a P/E ratio of 416.00, a P/E/G ratio of 1.11 and a beta of 1.11. Driven Brands Holdings Inc. has a 1 year low of $10.59 and a 1 year high of $16.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. The business’s 50 day simple moving average is $14.73 and its 200 day simple moving average is $13.33.

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

Analyst Ratings Changes

DRVN has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Driven Brands in a research report on Tuesday, August 20th. Baird R W raised Driven Brands to a “strong-buy” rating in a research report on Friday, August 2nd. Piper Sandler reissued an “overweight” rating and set a $17.00 price target (up previously from $14.00) on shares of Driven Brands in a research report on Friday, August 2nd. Finally, BMO Capital Markets began coverage on Driven Brands in a research report on Monday, July 22nd. They set a “market perform” rating and a $14.00 price target on the stock. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.