Dimensional Fund Advisors LP Purchases 416,744 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Dimensional Fund Advisors LP lifted its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,186,095 shares of the company's stock after purchasing an additional 416,744 shares during the period. Dimensional Fund Advisors LP owned about 0.72% of Driven Brands worth $19,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Driven Brands by 600.5% in the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock valued at $148,000 after purchasing an additional 7,885 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Driven Brands during the 4th quarter valued at $178,000. SBI Securities Co. Ltd. bought a new position in shares of Driven Brands during the 4th quarter worth $215,000. KLP Kapitalforvaltning AS purchased a new stake in Driven Brands in the 4th quarter worth about $216,000. Finally, SG Americas Securities LLC raised its stake in Driven Brands by 47.2% in the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock valued at $221,000 after acquiring an additional 4,399 shares during the period. 77.08% of the stock is owned by institutional investors.

Driven Brands Trading Down 2.2 %

Shares of NASDAQ:DRVN traded down $0.39 during midday trading on Friday, hitting $17.69. 621,236 shares of the stock traded hands, compared to its average volume of 821,711. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The business's 50 day moving average is $16.69 and its two-hundred day moving average is $16.33. The stock has a market capitalization of $2.91 billion, a PE ratio of 442.25, a P/E/G ratio of 0.79 and a beta of 1.10. Driven Brands Holdings Inc. has a one year low of $10.64 and a one year high of $18.72.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DRVN shares. JPMorgan Chase & Co. lifted their target price on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group boosted their price objective on shares of Driven Brands from $16.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday. Canaccord Genuity Group raised 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. Robert W. Baird set a $25.00 price objective on shares of Driven Brands in a report on Thursday, March 13th. Finally, BMO Capital Markets increased their price target on shares of Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Driven Brands has a consensus rating of "Moderate Buy" and a consensus price target of $20.78.

About Driven Brands

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.