Bamco Inc. NY Has $76.67 Million Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Bamco Inc. NY increased its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,750,000 shares of the company's stock after acquiring an additional 1,250,000 shares during the quarter. Bamco Inc. NY owned about 2.89% of Driven Brands worth $76,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Driven Brands by 600.5% during the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock worth $148,000 after purchasing an additional 7,885 shares in the last quarter. LPL Financial LLC bought a new position in Driven Brands during the fourth quarter worth about $178,000. BNP Paribas Financial Markets acquired a new position in Driven Brands in the fourth quarter valued at about $205,000. SBI Securities Co. Ltd. bought a new stake in shares of Driven Brands in the fourth quarter worth about $215,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Driven Brands during the fourth quarter worth about $216,000. Institutional investors own 77.08% of the company's stock.

Driven Brands Stock Down 1.2 %

Shares of NASDAQ DRVN traded down $0.21 during trading hours on Wednesday, hitting $18.26. The company had a trading volume of 1,321,854 shares, compared to its average volume of 827,006. The stock has a market capitalization of $3.00 billion, a P/E ratio of 456.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.10. Driven Brands Holdings Inc. has a 1-year low of $10.64 and a 1-year high of $19.00. The firm's 50 day moving average is $16.65 and its 200-day moving average is $16.26. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company had revenue of $516.16 million for the quarter, compared to analyst estimates of $492.19 million. During the same period in the previous year, the business earned $0.23 EPS. Driven Brands's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DRVN has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group boosted their price target on Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Piper Sandler increased their price objective on Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird set a $25.00 price target on Driven Brands in a research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Driven Brands currently has a consensus rating of "Moderate Buy" and an average target price of $20.78.

Driven Brands 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.