GAMMA Investing LLC Has $425,000 Stock Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

GAMMA Investing LLC lifted its stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 1,989.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,802 shares of the company's stock after acquiring an additional 23,615 shares during the quarter. GAMMA Investing LLC's holdings in Driven Brands were worth $425,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Driven Brands by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,104 shares of the company's stock worth $550,000 after acquiring an additional 1,079 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Driven Brands by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 37,161 shares of the company's stock worth $600,000 after buying an additional 2,003 shares during the period. Legal & General Group Plc boosted its position in shares of Driven Brands by 5.5% in the fourth quarter. Legal & General Group Plc now owns 73,791 shares of the company's stock worth $1,191,000 after buying an additional 3,833 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Driven Brands by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,760 shares of the company's stock worth $384,000 after buying an additional 3,952 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Driven Brands by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 496,073 shares of the company's stock worth $8,007,000 after buying an additional 4,062 shares during the period. 77.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on DRVN shares. Robert W. Baird set a $25.00 target price on Driven Brands in a research report on Thursday, March 13th. Wall Street Zen raised Driven Brands from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. The Goldman Sachs Group initiated coverage on Driven Brands in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $20.00 target price for the company. BMO Capital Markets increased their price objective on Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group increased their price objective on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Three 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.78.

Driven Brands Stock Up 2.5%

NASDAQ DRVN traded up $0.42 during trading on Monday, hitting $17.43. 443,942 shares of the company traded hands, compared to its average volume of 752,079. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 4.07. The business has a fifty day simple moving average of $17.32 and a 200 day simple moving average of $16.67. The company has a market capitalization of $2.86 billion, a P/E ratio of -9.63, a PEG ratio of 0.98 and a beta of 1.11. Driven Brands Holdings Inc. has a 12 month low of $11.58 and a 12 month high of $18.72.

Driven Brands (NASDAQ:DRVN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Driven Brands had a positive return on equity of 19.61% and a negative net margin of 12.75%. The business 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 company posted $0.23 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

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.