Driven Brands Holdings Inc. (NASDAQ:DRVN) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 21.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,347 shares of the company's stock after selling 21,699 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Driven Brands were worth $1,394,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. North Peak Capital Management LLC lifted its position in Driven Brands by 8.6% in the 4th quarter. North Peak Capital Management LLC now owns 5,756,217 shares of the company's stock valued at $92,905,000 after acquiring an additional 457,217 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Driven Brands by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,708,430 shares of the company's stock worth $92,134,000 after purchasing an additional 31,431 shares during the last quarter. Bamco Inc. NY grew its stake in Driven Brands by 35.7% in the 4th quarter. Bamco Inc. NY now owns 4,750,000 shares of the company's stock valued at $76,665,000 after buying an additional 1,250,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Driven Brands by 54.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,186,095 shares of the company's stock valued at $19,141,000 after buying an additional 416,744 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Driven Brands by 7.0% in the 4th quarter. Northern Trust Corp now owns 578,215 shares of the company's stock valued at $9,332,000 after buying an additional 37,959 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Driven Brands Trading Down 1.7%

Shares of NASDAQ:DRVN traded down $0.31 during trading hours on Monday, hitting $17.76. 973,506 shares of the company's stock traded hands, compared to its average volume of 691,565. Driven Brands Holdings Inc. has a 1 year low of $12.34 and a 1 year high of $18.72. The business has a fifty day moving average price of $17.62 and a 200-day moving average price of $16.74. The firm has a market capitalization of $2.92 billion, a P/E ratio of -9.81, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.47 and a quick ratio of 1.33.

Driven Brands (NASDAQ:DRVN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $516.16 million during the quarter, compared to the consensus estimate of $492.19 million. Driven Brands had a negative net margin of 12.75% and a positive return on equity of 19.61%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities analysts expect that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark began coverage on shares of Driven Brands in a report on Friday, April 4th. They set a "buy" rating and a $22.00 price objective for the company. BTIG Research started coverage on shares of Driven Brands in a research report on Monday, June 30th. They issued a "buy" rating and a $22.00 price objective on the stock. Canaccord Genuity Group boosted their price target on shares of Driven Brands from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Wall Street Zen upgraded shares of Driven Brands from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Robert W. Baird set a $25.00 price objective on shares of Driven Brands in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Driven Brands currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

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.