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Driven Brands Holdings Inc. $DRVN Shares Sold by Montag A & Associates Inc.

Driven Brands logo with Retail/Wholesale background
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Key Points

  • Montag A & Associates cut its stake in Driven Brands by 97.6% in Q4, selling 79,179 shares and retaining 1,940 shares worth about $29,000.
  • Driven Brands faces heightened legal and regulatory risk — multiple class‑action lawsuits tied to financial restatements, an ongoing internal review, and a Nasdaq non‑compliance notice following a roughly 39% stock drop.
  • Institutional ownership is high (about 77.08%); Emeth Value Capital increased its position to 3.846 million shares (~$57M) and several large funds (AustralianSuper, Simcoe, Qube, Advisory Research) established multi‑million dollar stakes in recent quarters.
  • Five stocks to consider instead of Driven Brands.

Montag A & Associates Inc. lowered its holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 97.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,940 shares of the company's stock after selling 79,179 shares during the period. Montag A & Associates Inc.'s holdings in Driven Brands were worth $29,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DRVN. AustralianSuper Pty Ltd acquired a new stake in shares of Driven Brands in the third quarter worth $44,645,000. Simcoe Capital Management LLC acquired a new stake in shares of Driven Brands in the third quarter worth $33,911,000. Qube Research & Technologies Ltd acquired a new stake in shares of Driven Brands in the third quarter worth $12,599,000. Advisory Research Inc. acquired a new stake in shares of Driven Brands in the third quarter worth $10,725,000. Finally, Emeth Value Capital LLC increased its position in shares of Driven Brands by 17.8% in the fourth quarter. Emeth Value Capital LLC now owns 3,846,166 shares of the company's stock worth $57,000,000 after acquiring an additional 582,255 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company's stock.

Driven Brands Price Performance

Shares of DRVN stock opened at $13.90 on Wednesday. The company has a market capitalization of $2.29 billion, a PE ratio of -11.21 and a beta of 0.97. The firm has a fifty day simple moving average of $12.15 and a 200-day simple moving average of $14.17. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. Driven Brands Holdings Inc. has a twelve month low of $9.80 and a twelve month high of $19.74.

Analyst Ratings Changes

DRVN has been the subject of several recent research reports. Morgan Stanley dropped their price objective on shares of Driven Brands from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, January 15th. Canaccord Genuity Group dropped their price objective on shares of Driven Brands from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, April 29th. BTIG Research restated a "buy" rating and issued a $21.00 target price on shares of Driven Brands in a research note on Thursday, January 8th. Piper Sandler decreased their target price on shares of Driven Brands from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Finally, Zacks Research upgraded shares of Driven Brands from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.00.

Get Our Latest Report on DRVN

More Driven Brands News

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Driven Brands Profile

(Free Report)

Driven Brands Holdings Inc NASDAQ: DRVN is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company's platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.

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Institutional Ownership by Quarter for Driven Brands (NASDAQ:DRVN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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